Top Chile Imports 2024 Q4: Market Shift

Chile Import Portfolio Overview in 2024 Q4

• Dominated by capital and industrial goods: Mineral Fuels (HS 27, 15.8%) and Machinery (HS 84, 12.7%).
• Concentration risk is moderate-high; top 3 sectors account for 39% of total imports, reflecting reliance on energy and industrial inputs.
• This structure aligns with Chile’s role as a resource exporter dependent on imported equipment and fuel for mining, transport, and processing.

Table: Chile Top Import Product in 2024 Q4 (Source: yTrade)

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Import Key Driver: Mineral Fuels, Mineral Oils and Products of Their Distillation; Bituminous Substances; Mineral Waxes

• Top product: Petroleum Oils (HS 2710, $1.69B, 47.7% of sector).
• Product type: Raw material / refined intermediate.
• Insight: Chile lacks major domestic oil reserves and depends heavily on imported fuel to power its mining sector, transportation networks, and industrial base.

Table: HS Code 27 Detailed Breakdown

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

• Top product: Automatic Data Processing Machines (HS 8471, $434M, 15.2% of sector).
• Acts as a complement to fuel imports: machinery enables extraction, processing, and logistics for export-oriented sectors like mining and agriculture.
• Strategic importance: critical for maintaining and scaling Chile’s productive capacity and export competitiveness.

Table: HS Code 84 Detailed Breakdown

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Import Key Driver: Vehicles Other Than Railway or Tramway Rolling-Stock, and Parts and Accessories Thereof

• Top product: Motor Cars (HS 8703, $893M, 37.9% of sector).
• Role: stable legacy demand for transport and logistics infrastructure, supporting both urban mobility and commodity supply chains.
• Indicates sustained investment in road transport and replacement cycles for commercial and passenger vehicles.

Table: HS Code 87 Detailed Breakdown

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Frequently Asked Questions

What is Chile's largest import commodity in 2024 Q4?

The largest import category is Mineral fuels, mineral oils and products of their distillation (HS 27), valued at $3.54B. This sector is primarily driven by imports of Petroleum oils and oils obtained from bituminous minerals (HS 2710), which alone account for 47.70% of the sector's total value.

Which specific Mineral fuels products does Chile import most in 2024 Q4?

Within the Mineral fuels sector, the top imports are Petroleum oils (HS 2710, $1.69B) and Crude petroleum oils (HS 2709, $1.22B), which together account for 82.35% of the sector's total imports.

Does Chile import Nuclear reactors, boilers, and machinery in 2024 Q4?

Yes. Nuclear reactors, boilers, and machinery (HS 84) is the second-largest import sector, valued at $2.85B. The primary driver is Automatic data processing machines (HS 8471), which makes up 15.21% 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, $3.54B), followed by Machinery (HS 84, $2.85B) and Vehicles (HS 87, $2.36B). These top three sectors represent 38.04% of Chile's total imports in Q4 2024.

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.