What Products Will Chile Export in 2023?

tendata blogTrade Data

ten data blog29-03-2024

In 2023, Chile exported products worth $100.3 billion globally. Compared to $102.6 billion in 2022, Chile's total exports decreased by -2.3%.

Chile's most valuable export products are copper ores and concentrates, as well as refined and unrefined copper. These copper-related product categories accounted for over two-fifths (43.5%) of Chile's total export revenue in 2023.

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Chile's Top International Trading Partners

Latest specific country data shows that 83% of Chile's exported products were purchased by importers in the following countries: Mainland China (accounting for 37.6% of Chile's total), the United States (16.4%), Japan (6.8%), South Korea (6.1%), Brazil (4.6%), Peru (2.2%), the Netherlands (1.8%), Mexico (1.77%), Spain (1.6%), Canada (1.5%), India (1.4%), and France (1.3%).

Top 10 Chilean Export Products

1. Ores, slag, ash: $28.6 billion (28.5% of total exports)

2. Copper: $20.4 billion (20.4%)

3. Inorganic chemicals: $10.2 billion (10.2%)

4. Fish: $7.3 billion (7.3%)

5. Fruits, nuts: $6.7 billion (6.7%)

6. Wood pulp: $2.7 billion (2.7%)

7. Wood: $2.2 billion (2.2%)

8. Machinery including computers: $1.8 billion (1.8%)

9. Beverages, spirits, vinegar: $1.6 billion (1.6%)

10. Gems, precious metals: $1.6 billion (1.5%)

The top 10 export commodities from Chile accounted for 82.8% of Chile's overall export value.

Gems and precious metals were the fastest-growing categories among the top 10 export categories, increasing by 22.1% compared to 2022. Gold accounted for the majority of this category's revenue increase. The second-highest export sales growth was in machinery including computers, growing by 8.7%. Chilean exports of ores, slag, and ash saw a residual value growth in volume, increasing by 4.9% year-on-year.

The most severely affected category among Chile's top 10 exports was wood, with a decrease of -28.8%.

At the detailed four-digit HTS code level, Chile's most valuable export products were copper ores and concentrates, refined copper and unwrought alloys, carbonates and percarbonates, molybdenum ores and concentrates, various fruits including apricots, cherries, peaches, nectarines, and plums, non-dissolving chemical wood pulp, unwrought copper, frozen whole fish, and iron ores and concentrates. These products collectively accounted for 64.3% of Chile's total export sales.

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