Top Chile Exports 2024 Q4: Mining Dominance

Chile Export Portfolio Overview in 2024 Q4

• Dominated by ores, slag and ash (HS26, 37.1%) and copper articles (HS74, 19.4%), reflecting extreme reliance on mineral extraction.
• High concentration risk: top two sectors account for 56.5% of total exports, leaving Chile vulnerable to commodity price swings and demand shifts in global industrial cycles.
• This structure reinforces Chile’s role as a critical supplier of raw and semi-processed minerals to global manufacturing and energy transition supply chains.

Table: Chile Top Export Product in 2024 Q4 (Source: yTrade)

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Key Driver: Ores, slag and ash

• Driven overwhelmingly by copper ores and concentrates (HS2603, 90.6% of sector value).
• Product type: entirely raw material, exported for smelting and refining abroad.
• Chile’s dominance stems from massive reserves, low extraction costs, and established trade logistics—not downstream processing capability. Global demand for electrification and construction underpins this exposure.

Table: HS Code 26 Detailed Breakdown

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Key Driver: Copper and articles thereof

• Top product: refined copper (HS7403, 86.6% of sector), indicating some value-added processing.
• Acts as a partial counterweight to raw ores, capturing more value per unit via domestic refining.
• Strategically important: it diversifies export revenue within the copper value chain, though still tied to the same price and demand risks as raw ore exports.

Table: HS Code 74 Detailed Breakdown

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Key Driver: Edible fruit and nuts; peel of citrus fruit or melons

• Led by fresh cherries (HS0809, 56.1% of sector), a high-value perishable export.
• Represents a stable, non-mineral revenue stream—critical for seasonal balance and geographic trade diversification.
• Chile’s counter-seasonal advantage in Southern Hemisphere fruit production supports premium pricing in Northern Hemisphere markets during winter months.

Table: HS Code 08 Detailed Breakdown

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Frequently Asked Questions

What is Chile's largest export commodity in 2024 Q4?

The largest export category is Ores, slag and ash (HS 26), valued at $9.62B. This sector is primarily driven by exports of Copper ores and concentrates (HS 2603), which alone account for 90.58% of the sector's total value.

Which specific Ores, slag and ash products does Chile export most in 2024 Q4?

Within the Ores, slag and ash sector, the top exports are Copper ores and concentrates (HS 2603, $8.71B) and Silver ores and concentrates (HS 2613, $549.31M), which together account for 96.29% of the sector's exports.

Does Chile export Copper and articles thereof in 2024 Q4?

Yes. Copper and articles thereof (HS 74) is Chile's second-largest export sector, valued at $5.03B. The primary driver is Refined copper and copper alloys (HS 7403), which makes up 86.55% 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, $9.62B)
2. Copper and articles thereof (HS 74, $5.03B)
3. Edible fruit and nuts (HS 08, $2.07B)

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.