Top Chile Imports 2023: Energy & Machinery Dominance

Chile Import Portfolio Overview in 2023 Whole Year

• Mineral fuels and oils (HS 27) dominate at 21% of total imports ($17.96B), reflecting Chile’s heavy reliance on external energy inputs.
• Machinery (HS 84) follows at 12.2% ($10.40B), indicating dependence on industrial and processing equipment.
• High concentration risk exists, with the top two sectors accounting for over 33% of import value, exposing Chile to global energy and capital goods price volatility.
• This structure underscores Chile’s role as a resource-driven economy that imports energy and machinery to support mining and export-oriented sectors.

Table: Chile Top Import Product in 2023 (Source: yTrade)

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Import Key Driver: Mineral Fuels and Oils

• Crude petroleum (HS 2709) is the primary driver within the sector, valued at $5.22B (29.1% of HS 27 imports).
• This is a raw material import, essential for Chile’s transport, power generation, and industrial operations.
• Heavy reliance exists due to limited domestic oil reserves; Chile meets most energy needs via imports to sustain mining and export logistics.

Table: HS Code 27 Detailed Breakdown

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Import Key Driver: Nuclear Reactors and Machinery

• Automatic data processing machines (HS 8471) lead this category at $1.26B (12.1% of HS 84 imports).
• These are capital goods, acting as a complement to energy imports by enabling industrial automation and efficiency.
• Strategic importance lies in supporting Chile’s mining sector—the economy’s backbone—and upgrading manufacturing and logistics infrastructure.

Table: HS Code 84 Detailed Breakdown

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Import Key Driver: Vehicles and Parts

• Passenger vehicles (HS 8703) drive this sector at $3.33B (41.2% of HS 87 imports).
• These are finished goods, indicating consumer demand and infrastructure needs beyond industrial use.
• The sector’s scale highlights Chile’s stable, developed market for private and commercial transport, supporting internal mobility and goods distribution.

Table: HS Code 87 Detailed Breakdown

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Frequently Asked Questions

What is Chile's largest import commodity in 2023 Whole Year?

The largest import category is Mineral fuels, mineral oils and products of their distillation (HS 27), valued at $17.96B. This sector is primarily driven by imports of Petroleum oils and oils obtained from bituminous minerals (HS 2710), which alone accounted for $8.73B (48.59%).

Which specific Mineral fuels products does Chile import most in 2023 Whole Year?

Within the Mineral fuels sector, the top imports are:

1. Petroleum oils (HS 2710) - $8.73B (48.59%)
2. Crude oil (HS 2709) - $5.22B (29.07%)
3. Petroleum gases (HS 2711) - $2.72B (15.15%).

Together, these three products make up 92.81% of Chile’s HS 27 imports.

Does Chile import Nuclear reactors and machinery in 2023 Whole Year?

Yes, Nuclear reactors, boilers, and machinery (HS 84) is Chile’s second-largest import sector, valued at $10.40B (12.17%). The top product in this category is Automatic data processing machines (HS 8471), worth $1.26B (12.12%).

What are the main industries driving Chile's economy?

Chile’s import economy is moderately concentrated, with the top 3 sectors being:

1. Mineral fuels (HS 27) - $17.96B (21.00%)
2. Machinery (HS 84) - $10.40B (12.17%)
3. Vehicles (HS 87) - $8.08B (9.45%).
   These industries account for 42.62% of total imports, indicating a significant but not overwhelming reliance on energy and industrial goods.

How to find Chile Mineral fuels buyers?

You can access a list of active overseas buyers and importers for Mineral fuels (HS 27) using the yTrade database, which provides detailed shipment records and company contacts for petroleum oils, crude oil, and other energy products.

Detailed Quarterly Report

Chile Top Import Product 2023 Q1Chile Top Import Product 2023 Q2Chile Top Import Product 2023 Q3Chile Top Import Product 2023 Q4