Top Chile Imports 2023 Q2: Market Shift

Chile Import Portfolio Overview in 2023 Q2

• Mineral fuels and machinery (HS 27, 84, 85) account for over 43% of total imports, indicating high sectoral concentration.
• Heavy reliance on energy imports (20.2% of total) reflects Chile’s structural dependency despite domestic mining and renewable potential.
• This import profile underscores an economy built on resource extraction, requiring sustained capital and energy inputs to operate.

Table: Chile Top Import Product in 2023 Q2 (Source: yTrade)

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Import Key Driver: Mineral Fuels, Oils, and Distillation Products

• Crude petroleum oils (HS 2709) dominate this category, representing 26.2% of sector value.
• This is a raw material import, critical for fueling Chile’s mining operations, transport networks, and power generation.
• Chile’s mining-intensive economy—especially copper extraction—demands high energy intensity, necessitating stable fuel supply chains despite domestic renewable growth.

Table: HS Code 27 Detailed Breakdown

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Import Key Driver: Nuclear Reactors, Boilers, and Machinery

• Automatic data processing machines (HS 8471) lead this sector, comprising 13.3% of imports.
• These capital goods act as a complement to energy imports, enabling automation and efficiency in mining and logistics.
• Strategic importance lies in maintaining operational uptime and technological edge in key export sectors like mining and agriculture.

Table: HS Code 84 Detailed Breakdown

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Import Key Driver: Electrical Machinery and Equipment

• Telephone sets (HS 8517) are the largest product, making up 23.2% of sector imports.
• This reflects stable demand for communication infrastructure and consumer electronics, supporting both urban and industrial connectivity.
• Role is dual: enabling business operations and fulfilling consumer market growth in a rapidly digitalizing economy.

Table: HS Code 85 Detailed Breakdown

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Frequently Asked Questions

What is Chile's largest import commodity in 2023 Q2?

The largest import category is Mineral fuels, mineral oils and products of their distillation (HS 27), valued at $4.30B. This sector is primarily driven by imports of Petroleum oils and oils obtained from bituminous minerals (HS 2710), which alone accounted for $1.99B (46.3%) of the total.

Which specific Mineral fuels products does Chile import most in 2023 Q2?

Within the Mineral fuels sector, the top imports are:

1. Petroleum oils (HS 2710) - $1.99B (46.3%)
2. Crude oil (HS 2709) - $1.12B (26.17%)
3. Petroleum gas (HS 2711) - $780.63M (18.17%)

Does Chile import Nuclear reactors, boilers, and machinery in 2023 Q2?

Yes. Nuclear reactors, boilers, and machinery (HS 84) is the second-largest import sector, valued at $2.71B. The primary driver is Automatic data processing machines (HS 8471), accounting for $359.52M (13.28%).

What are the main industries driving Chile's economy?

Chile’s import economy is heavily reliant on three sectors:

1. Mineral fuels (HS 27) - $4.30B (20.2%)
2. Machinery & mechanical appliances (HS 84) - $2.71B (12.73%)
3. Electrical machinery (HS 85) - $2.17B (10.21%)

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.