Top Chile Imports 2024: Energy & Machinery Lead

Chile Import Portfolio Overview in 2024 Whole Year

• Mineral fuels and machinery dominate, accounting for 31.3% of total import value.
• High concentration risk: top three sectors (fuels, machinery, vehicles) represent over 40% of import spending.
• Reflects Chile's resource-driven economy requiring massive energy imports and capital goods for mining operations.

Table: Chile Top Import Product in 2024 (Source: yTrade)

Get Complete Chile Import HS Code Breakdown

Import Key Driver: Mineral Fuels, Mineral Oils and Products

• HS 2710 (Petroleum Oils) drives 47.9% of sector value at $7.65B.
• Product Type: Raw material/energy input.
• Chile depends heavily on imported fuels due to limited domestic hydrocarbon reserves, despite being a mining powerhouse. This exposes the economy to global oil price volatility.

Table: HS Code 27 Detailed Breakdown

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Import Key Driver: Nuclear Reactors, Boilers, Machinery

• HS 8471 (Automatic Data Processing Machines) leads with $1.58B (15.1% of sector).
• Acts as a complement to fuel imports—machinery enables mining and industrial operations.
• Strategic importance: Chile’s mining sector requires continuous investment in high-tech extraction and processing equipment to maintain competitive output.

Table: HS Code 84 Detailed Breakdown

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Import Key Driver: Vehicles Other Than Railway Rolling-Stock

• HS 8703 (Passenger Vehicles) dominates with $3.28B (41.3% of sector).
• Role: Stable demand for consumer and commercial transport, supporting mobility and logistics in a geographically dispersed country.
• High value reflects Chile’s mature automotive market and reliance on imported vehicles for both personal and industrial use.

Table: HS Code 87 Detailed Breakdown

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Frequently Asked Questions

What is Chile's largest import commodity in 2024 Whole Year?

The largest import category is Mineral fuels, mineral oils and products of their distillation (HS 27), valued at $15.96B. This sector is primarily driven by imports of Petroleum oils and oils obtained from bituminous minerals (HS 2710), which alone account for $7.65B (47.93%).

Which specific Mineral fuels products does Chile import most in 2024 Whole Year?

Within the Mineral fuels sector, the top imports are:

1. Petroleum oils (HS 2710) - $7.65B (47.93%)
2. Crude petroleum oils (HS 2709) - $5.05B (31.61%)
3. Petroleum gases (HS 2711) - $2.40B (15.03%).

Together, these three products make up 94.57% of Chile’s HS 27 imports.

Does Chile import Nuclear reactors, boilers, and machinery in 2024 Whole Year?

Yes. Nuclear reactors, boilers, and machinery (HS 84) is Chile’s second-largest import sector, valued at $10.46B. The top product in this category is Automatic data processing machines (HS 8471), worth $1.58B (15.14%).

What are the main industries driving Chile's economy?

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

1. Mineral fuels (HS 27) - $15.96B (18.93%)
2. Machinery (HS 84) - $10.46B (12.41%)
3. Vehicles (HS 87) - $7.95B (9.44%).

Together, these account for 40.78% of total imports, indicating a moderately concentrated structure.

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.

Detailed Quarterly Report

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