Top Chile Imports 2024 Q3: Energy & Machinery

Chile Import Portfolio Overview in 2024 Q3

• Mineral fuels (HS 27) dominate, accounting for 18.14% of total imports ($3.93B), followed by machinery (HS 84) at 12.63% ($2.73B).
• Concentration risk is moderate: top two sectors represent 30.77% of imports, reflecting Chile’s heavy reliance on energy imports and capital goods for its resource-extractive economy.
• This structure underscores Chile’s role as a mining-intensive economy dependent on imported fuel for power and equipment for extraction and processing.

Table: Chile Top Import Product in 2024 Q3 (Source: yTrade)

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Import Key Driver: Mineral Fuels

• HS 2710 (Petroleum oils; crude) is the primary product, representing 44.62% ($1.75B) of sector imports.
• This is a raw material, essential for energy generation and transportation in Chile’s mining-dominated economy.
• Dominance exists due to Chile’s limited domestic oil reserves, necessitating imports to power its massive copper mining operations and industrial base.

Table: HS Code 27 Detailed Breakdown

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Import Key Driver: Nuclear Reactors, Boilers, Machinery

• HS 8471 (Automatic data processing machines) leads, at 14.84% ($405.69M) of sector imports.
• Acts as a complement to mineral fuels: machinery imports enable mining efficiency, automation, and processing, directly supporting extractive output.
• Strategically critical for maintaining Chile’s competitiveness in global copper and lithium markets, where operational technology dictates margins.

Table: HS Code 84 Detailed Breakdown

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Import Key Driver: Vehicles

• HS 8703 (Passenger vehicles) drives the sector, comprising 41.42% ($840.99M) of imports.
• Represents stable, consumption-led demand: vehicles support logistics for mining sectors and urban mobility, indicating developed-market characteristics.
• Role is legacy but essential—imports fill gaps in domestic manufacturing capacity and serve growing middle-class demand.

Table: HS Code 87 Detailed Breakdown

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Frequently Asked Questions

What is Chile's largest import commodity in 2024 Q3?

The largest import category is Mineral fuels, mineral oils and products of their distillation (HS 27), valued at $3.93B. This sector is primarily driven by imports of Petroleum oils and oils obtained from bituminous minerals (HS 2710), which accounts for 44.62% of the total value.

Which specific Mineral fuels products does Chile import most in 2024 Q3?

Within the Mineral fuels sector, the top imports are Petroleum oils (HS 2710) at $1.75B and Crude petroleum oils (HS 2709) at $1.36B, which together account for 79.21% of the sector’s total imports.

Does Chile import Nuclear reactors, boilers, and machinery in 2024 Q3?

Yes, Nuclear reactors, boilers, and machinery (HS 84) is Chile’s second-largest import sector, valued at $2.73B. The primary driver is Automatic data processing machines (HS 8471), making up 14.84% of the sector’s imports.

What are the main industries driving Chile's economy?

Chile’s economy is heavily reliant on imports of Mineral fuels (HS 27, $3.93B), followed by Machinery (HS 84, $2.73B) and Vehicles (HS 87, $2.03B). These top three sectors account for 40.15% of total imports, indicating a concentrated trade 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.