Top Chile Exports 2024 Q1: Copper Dominance

Chile Export Portfolio Overview in 2024 Q1

• Copper ores and concentrates (HS26) and refined copper (HS74) dominate, accounting for 48.8% of total exports.
• Export concentration is high, with the top three sectors (ores, copper articles, fruit) representing 64.3% of total value.
• This reflects Chile’s role as a global supplier of raw and semi-processed minerals, supplemented by high-value agricultural exports.

Table: Chile Top Export Product in 2024 Q1 (Source: yTrade)

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Key Driver: Ores, slag and ash

• Copper ores and concentrates (HS2603) drive this sector, representing 86.6% of its value.
• This is a raw material export, dependent on Chile’s vast copper reserves and mining infrastructure.
• Dominance stems from geological advantage, established extraction expertise, and sustained global demand for base metals.

Table: HS Code 26 Detailed Breakdown

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Key Driver: Copper and articles thereof

• Refined copper (HS7403) is the core product, making up 86.1% of the sector.
• It acts as a complement to raw ores, adding value through smelting and refining.
• Strategic importance lies in capturing more of the copper value chain and reducing reliance on purely unprocessed exports.

Table: HS Code 74 Detailed Breakdown

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Key Driver: Edible fruit and nuts

• Cherries, fresh (HS0809) lead this category, comprising 67.4% of the sector.
• This is a high-value finished good, reflecting Chile’s counter-seasonal advantage in supplying Northern Hemisphere markets.
• It represents a stable, high-margin export pillar that diversifies revenue away from minerals.

Table: HS Code 08 Detailed Breakdown

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Frequently Asked Questions

What is Chile's largest export commodity in 2024 Q1?

The largest export category is Ores, slag and ash (HS 26), valued at $7.37B. This sector is primarily driven by exports of Copper ores and concentrates (HS 2603), which alone account for 86.59% of the sector's total value.

Which specific Ores, slag and ash products does Chile export most in 2024 Q1?

Within the Ores, slag and ash sector, the top exports are Copper ores and concentrates (HS 2603, $6.38B) and Molybdenum ores and concentrates (HS 2613, $477.22M), which together account for 93.06% of the sector's exports.

Does Chile export Copper and articles thereof in 2024 Q1?

Yes. Copper and articles thereof (HS 74) is Chile’s second-largest export sector, valued at $4.66B, primarily driven by Refined copper and copper alloys (HS 7403, $4.01B), which makes up 86.09% of the sector.

What are the main industries driving Chile's economy?

Chile’s economy is heavily reliant on its top three industries:

1. Ores, slag and ash (HS 26, $7.37B)
2. Copper and articles thereof (HS 74, $4.66B)
3. Edible fruit and nuts (HS 08, $3.82B)
   Together, these sectors account for 64.28% of Chile’s total exports.

How to find Chile Ores, slag and ash suppliers?

You can access a list of active suppliers and exporters for Ores, slag and ash (HS 26) using the yTrade database, which provides detailed shipment records and company contacts.