Top Chile Exports 2025 Q1: Mining Dominance

Chile Export Portfolio Overview in 2025 Q1

• Dominated by ores and metals (HS26: 33.8%, $9.15B) and copper goods (HS74: 16.5%, $4.46B), reflecting Chile's role as a global mining and raw materials supplier.
• High concentration risk: top two sectors account for over 50% of exports, exposing the economy to commodity price cycles and demand shifts in industrial and construction markets.
• This structure confirms Chile's identity as a resource-based economy, leveraging its geological endowment rather than manufacturing or complex supply chain integration.

Table: Chile Top Export Product in 2025 Q1 (Source: yTrade)

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Key Driver: Ores, slag and ash

• Iron ores and concentrates (HS2603: $8.20B, 89.6% of sector) drive this category, representing bulk raw material exports.
• Product type is unprocessed raw material, indicating Chile serves as a critical upstream supplier—especially to China’s steel sector—rather than adding value domestically.
• Dominance stems from natural resource wealth, mining infrastructure, and geographic proximity to Pacific shipping routes, not technological or processing advantages.

Table: HS Code 26 Detailed Breakdown

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Key Driver: Copper and articles thereof

• Refined copper (HS7403: $3.87B, 86.8% of sector) is the core product, representing a mid-stream processed good.
• Acts as a complement to HS26: copper ores (HS2603) are transformed into refined copper (HS7403), illustrating partial value addition within the metals chain.
• Strategic as a globally traded benchmark commodity; Chile’s output influences global copper prices and supply security for electrical, construction, and green energy sectors.

Table: HS Code 74 Detailed Breakdown

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

• Fresh cherries (HS0809: $3.04B, 68.9% of sector) lead, targeting high-value consumer markets in off-season periods (e.g., China, US).
• Represents a stable, high-margin agribusiness pillar that diversifies away from pure mining dependence.
• Role is export-oriented agriculture, leveraging reverse-seasonality and free trade agreements to access premium markets, reducing—but not eliminating—commodity concentration risk.

Table: HS Code 08 Detailed Breakdown

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Frequently Asked Questions

What is Chile's largest export commodity in 2025 Q1?

The largest export category is Ores, slag and ash (HS 26), valued at $9.15B. 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 2025 Q1?

Within the Ores, slag and ash sector, the top exports are Copper ores and concentrates (HS 2603) at $8.20B and Molybdenum ores and concentrates (HS 2613) at $570.37M, which together account for 95.85% of the sector's exports.

Does Chile export Copper and articles thereof in 2025 Q1?

Yes. Copper and articles thereof (HS 74) is the second-largest export sector, valued at $4.46B. The main driver within this category is Refined copper and copper alloys (HS 7403), contributing 86.78% of the sector's total value.

What are the main industries driving Chile's economy?

Chile's economy is heavily reliant on its top three industries: Ores, slag and ash (HS 26, $9.15B), Copper and articles thereof (HS 74, $4.46B), and Edible fruit and nuts (HS 08, $4.41B). Together, these sectors account for 66.53% of total exports, indicating a concentrated export structure.

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 for verified Chilean exporters.