Top Chile Imports 2023 Q4: Market Insights

Chile Import Portfolio Overview in 2023 Q4

• Mineral fuels (HS 27) dominate at 21% of total imports, followed by machinery (HS 84) at 12% and vehicles (HS 87) at 10%.
• High concentration risk in energy imports, reflecting Chile’s structural reliance on external fuel sources despite domestic mining and export strength.
• This import profile underscores Chile’s role as a resource exporter dependent on imported energy and capital goods to sustain its export-oriented economy.

Table: Chile Top Import Product in 2023 Q4 (Source: yTrade)

Get Complete Chile Import HS Code Breakdown

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

• Petroleum oils (HS 2710) drive this sector, accounting for 52% of HS 27 imports.
• Product type is finished good—refined petroleum—indicating reliance on processed energy imports rather than crude-only supply.
• This dominance exists due to Chile’s limited domestic oil reserves and high energy demand from mining and transport, necessitating steady refined fuel inflows.

Table: HS Code 27 Detailed Breakdown

Get Complete Chile Import HS Code Breakdown

Import Key Driver: Nuclear Reactors, Boilers, Machinery and Mechanical Appliances

• Automatic data processing machines (HS 8471) lead this category with 11% share.
• Acts as a counterweight to energy imports—capital goods enable productivity and export capacity in mining and agriculture.
• Strategically critical for maintaining Chile’s industrial and infrastructural output, supporting export sectors like copper and fruit.

Table: HS Code 84 Detailed Breakdown

Get Complete Chile Import HS Code Breakdown

Import Key Driver: Vehicles Other Than Railway or Tramway Rolling-Stock

• Motor cars (HS 8703) are the primary product, representing 40% of sector imports.
• Role is stable legacy—vehicles essential for domestic logistics and passenger mobility, supporting Chile’s elongated geography and export logistics chains.
• Complements machinery imports by enabling transport of goods and personnel, integral to economic functionality.

Table: HS Code 87 Detailed Breakdown

Access Chile Complete Import Profile

Frequently Asked Questions

What is Chile's largest import commodity in 2023 Q4?

The largest import category is Mineral fuels, mineral oils and products of their distillation (HS 27), valued at $4.45B. This sector is primarily driven by imports of Petroleum oils and oils obtained from bituminous minerals (HS 2710), which alone account for 51.60% of the category.

Which specific Mineral fuels products does Chile import most in 2023 Q4?

Within the Mineral fuels sector, the top imports are:

1. Petroleum oils (HS 2710) - $2.29B (51.60%)
2. Crude petroleum oils (HS 2709) - $1.39B (31.35%)
3. Petroleum gases (HS 2711) - $548.49M (12.34%)

Does Chile import Nuclear reactors, boilers, and machinery in 2023 Q4?

Yes. Nuclear reactors, boilers, and machinery (HS 84) is the second-largest import sector, valued at $2.49B. The primary driver is Automatic data processing machines (HS 8471), accounting for 11.06% of the category.

What are the main industries driving Chile's economy?

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

1. Mineral fuels (HS 27) - $4.45B (20.96%)
2. Machinery (HS 84) - $2.49B (11.71%)
3. Vehicles (HS 87) - $2.12B (10.00%)

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.