Chile Top 10 Import Origin Countries in 2023 Q4

Chile Top Import Origins and Sourcing Dependency in 2023 Q4

• Dominant Supplier: Mainland China is Chile's top import source at 24.25% ($5.14B), acting as the primary manufacturing hub.
• Concentration Risk: Top 3 partners (China, US, Brazil) account for 53.56% of imports, showing heavy reliance on these key suppliers.
• Diversification: Chile's major suppliers include Argentina (7.17%), Japan (3.38%), and Germany (2.92%), indicating some regional diversification.
• Strategic Note: High dependence on China and the US may expose Chile to supply chain volatility in trade disputes or logistics disruptions.

Table: Chile Top Origin Countries in 2023 Q4 (Source: yTrade)

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Chile - Key Origin Country Trading Product Pattern

• Mainland China (24.25%): China's exports to Chile are driven by its immense manufacturing capacity, supplying a wide range of consumer goods, electronics, machinery, and industrial equipment at competitive prices.
• United States (19.15%): The U.S. supplies Chile with high-value goods, including machinery, aircraft, vehicles, and advanced technology products, reflecting its strength in complex manufacturing and innovation.
• Brazil (10.16%): As a regional power, Brazil exports manufactured products like vehicles and machinery to Chile, alongside significant volumes of agricultural commodities and processed foods.
• Argentina (7.17%): Argentina is a primary source for Chilean imports of energy, particularly natural gas, and serves as a key supplier of agricultural products, including grains, meat, and wine.
• Japan (3.38%): Japan's exports to Chile are dominated by high-quality automotive vehicles, precision machinery, and electronic components, capitalizing on its reputation for advanced engineering and reliability.
• Germany (2.92%): Germany provides Chile with capital goods, including industrial machinery, automotive parts, and chemical products, leveraging its expertise in high-end engineering and chemical manufacturing.

Frequently Asked Questions

Which countries supply most of Chile's imports in 2023 Q4?

The top 3 import suppliers to Chile in Q4 2023 were Mainland China ($5.14B), the United States ($4.06B), and Brazil ($2.16B).

Does Chile rely heavily on a single import supplier?

Mainland China is Chile's primary import supplier, accounting for 24.25% of total imports in Q4 2023.