Top Chile Imports 2024 Q1: Energy & Machinery

Chile Import Portfolio Overview in 2024 Q1

• Mineral fuels and machinery dominate, accounting for 21.8% and 11.8% of total imports respectively.
• High concentration risk in energy imports, reflecting Chile's lack of domestic fossil fuel reserves.
• Imports align with an economy dependent on external energy, capital goods for mining, and consumer demand.

Table: Chile Top Import Product in 2024 Q1 (Source: yTrade)

Get Complete Chile Import HS Code Breakdown

Import Key Driver: Mineral Fuels

• HS 2710 (Petroleum Oils) drives 52.7% of the sector's value.
• Raw material import, essential for transportation and energy generation.
• Chile's mining-intensive economy and limited oil production necessitate heavy fuel imports, creating strategic vulnerability to global price shifts.

Table: HS Code 27 Detailed Breakdown

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Import Key Driver: Nuclear Reactors & Machinery

• HS 8471 (Automatic Data Processing Machines) leads at 13.9% of sector value.
• Acts as a counterweight to fuel imports, representing capital investment in productivity.
• Critical for maintaining and modernizing Chile’s mining infrastructure and broader industrial base.

Table: HS Code 84 Detailed Breakdown

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Import Key Driver: Electrical Machinery

• HS 8517 (Telephones/Smartphones) comprises 35.6% of sector imports.
• Finished consumer goods import, indicating strong domestic demand for technology.
• Reflects Chile’s high urbanization rate and consumer market maturity, though reliant on external manufacturing.

Table: HS Code 85 Detailed Breakdown

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Frequently Asked Questions

What is Chile's largest import commodity in 2024 Q1?

The largest import category is Mineral fuels, mineral oils and products of their distillation (HS 27), valued at $4.39B. This sector is primarily driven by imports of Petroleum oils and oils obtained from bituminous minerals (HS 2710), which alone account for 52.73% of the category.

Which specific Mineral fuels products does Chile import most in 2024 Q1?

Within the Mineral fuels sector, the top imports are:

1. Petroleum oils (HS 2710) - $2.31B (52.73%)
2. Crude petroleum oils (HS 2709) - $1.25B (28.39%)
3. Petroleum gases (HS 2711) - $616.39M (14.04%)

Does Chile import Nuclear reactors, boilers, and machinery in 2024 Q1?

Yes. It is the second-largest import sector, valued at $2.38B, primarily driven by Automatic data processing machines (HS 8471), which account for 13.89% 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) - 21.81% ($4.39B)
2. Machinery & mechanical appliances (HS 84) - 11.84% ($2.38B)
3. Electrical machinery (HS 85) - 9.06% ($1.82B)

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.