Top Chile Exports 2024 Q3: Mining Dominance

Chile Export Portfolio Overview in 2024 Q3

• Dominated by ores and metals: HS26 (ores, slag, ash) at 37.8% and HS74 (copper articles) at 20.6% of total exports.
• Extreme concentration risk: Top two sectors account for 58.4% of export value, heavily exposing Chile to global commodity price cycles.
• Reinforces Chile’s role as a primary resource supplier—specialized in mining and mineral extraction, with limited downstream diversification.

Table: Chile Top Export Product in 2024 Q3 (Source: yTrade)

Get Complete Chile Export HS Code Breakdown

Key Driver: Ores, Slag and Ash

• Dominated by HS2603: Copper ores and concentrates, representing 89.6% of the sector’s value.
• Raw material export, indicating limited local refining or value-added processing.
• Reflects Chile’s natural resource endowment: world-leading copper reserves, low-cost extraction, and established mining infrastructure drive this dominance.

Table: HS Code 26 Detailed Breakdown

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Key Driver: Copper and Articles Thereof

• Led by HS7403: Refined copper and copper alloys, accounting for 86.1% of sector exports.
• Acts as a partial complement to HS26—adds value through smelting and refining, though still intermediate-stage goods.
• Strategic for supply chain integration: positions Chile as a critical node in global copper production, not just extraction.

Table: HS Code 74 Detailed Breakdown

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Key Driver: Fish and Crustaceans, Molluscs and Other Aquatic Invertebrates

• Driven by HS0304: Fish fillets and frozen fish, making up 55.9% of the sector.
• Represents a stable, high-value niche: leverages Chile’s long coastline and advanced aquaculture sector.
• Less volatile than mining exports, but still commodity-dependent; serves as a secondary export pillar alongside minerals.

Table: HS Code 03 Detailed Breakdown

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Frequently Asked Questions

What is Chile's largest export commodity in 2024 Q3?

The largest export category is Ores, slag and ash (HS 26), valued at $9.14B. This sector is primarily driven by exports of Copper ores and concentrates (HS 2603), which alone account for 89.62% of the sector's total value.

Which specific Ores, slag and ash products does Chile export most in 2024 Q3?

Within the Ores, slag and ash sector, the top exports are Copper ores and concentrates (HS 2603, $8.19B) and Silver ores and concentrates (HS 2613, $455.99M), which together account for 94.61% of the sector's exports.

Does Chile export Copper and articles thereof in 2024 Q3?

Yes, Copper and articles thereof (HS 74) is Chile’s second-largest export sector, valued at $4.98B. The primary driver is Refined copper and copper alloys (HS 7403), making up 86.13% of the sector’s 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, $9.14B, 37.76%)
2. Copper and articles thereof (HS 74, $4.98B, 20.59%)
3. Fish and crustaceans (HS 03, $1.69B, 6.98%).

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.