Top Chile Exports 2024 Q2: Mineral Dominance

Chile Export Portfolio Overview

• Copper and copper ores (HS 26 & 74) account for 56.93% of total exports, demonstrating extreme concentration in mineral extraction.
• This reflects a classic resource-driven economy with high exposure to global commodity cycles and copper price volatility.
• The next largest sectors, fish (6.66%) and fruit (6.54%), are significant but do little to diversify away from this core mineral dependency.

Table: Chile Top Export Product in 2024 Q2 (Source: yTrade)

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Key Driver: Ores, slag and ash

• The sector is almost entirely driven by one product: Copper ores and concentrates (HS 2603), constituting 89.72% of the category.
• This is a pure raw material export, the first link in the global metals supply chain.
• Chile's dominance is rooted in its vast mineral reserves, established mining infrastructure, and position as the world's top copper producer.

Table: HS Code 26 Detailed Breakdown

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Key Driver: Copper and articles thereof

• The category is powered by Refined copper (HS 7403), representing 88.12% of its value.
• This acts as a direct complement to the ore exports, representing the next stage of processing. It captures more value than raw ores but remains a bulk intermediate good for global manufacturing.
• Its strategic importance is dual: it leverages the same resource base as HS 26 but provides a marginally more sophisticated and valuable export product.

Table: HS Code 74 Detailed Breakdown

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Key Driver: Fish and crustaceans, molluscs and other aquatic invertebrates

• The leading product is Frozen fish fillets (HS 0304), making up 51.89% of the sector.
• This is a stable, high-value food export sector. It provides critical diversification from mining and leverages Chile's extensive Pacific coastline and cold-water fisheries.
• It represents a processed good, indicating established capacity in food preparation and logistics for perishable goods.

Table: HS Code 03 Detailed Breakdown

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Frequently Asked Questions

What is Chile's largest export commodity in 2024?

The largest export category is Ores, slag and ash (HS 26), valued at $8.93B. This sector is primarily driven by exports of Copper ores and concentrates (HS 2603), which alone account for 89.72% of the sector's total value.

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

Within the Ores, slag and ash sector, the top exports are Copper ores and concentrates (HS 2603, $8.01B), Silver ores and concentrates (HS 2613, $431.66M), and Iron ores and concentrates (HS 2601, $414.37M), which together make up 99.19% of the sector's exports.

Does Chile export Copper and articles thereof?

Yes. Copper and articles thereof (HS 74) is Chile's second-largest export sector, valued at $4.90B. The primary driver is Refined copper and copper alloys (HS 7403), which contributes 88.12% ($4.32B) of the sector's total exports.

What are the main industries driving Chile's economy?

Chile's economy is heavily reliant on mining, with the top three export sectors being:

1. Ores, slag and ash (HS 26, $8.93B, 36.76%)
2. Copper and articles thereof (HS 74, $4.90B, 20.17%)
3. Fish and crustaceans (HS 03, $1.62B, 6.66%)

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.