Copper Ore in Chile 2020 Exports | Imports : $21.4B | $77.8M, World Rnk 1 / 98 Rnk 1 / 1118 | World Rnk 26 / 93 Rnk 167 / 1205
2019 - 2020 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $3.43B | $32.8M, China | Peru
2020 ECONOMIC COMPLEXITY of Chile: -0.2, Rnk 70 / 127
2020 PRODUCT COMPLEXITY IN Copper Ore: -1.89, Rnk 997 / 1029
Exports In 2020, Chile exported $21.4B in Copper Ore, making it the 1st largest exporter of Copper Ore in the world. At the same year, Copper Ore was the 1st most exported product in Chile. The main destination of Copper Ore exports from Chile are: China ($13.1B), Japan ($3.78B), South Korea ($1.26B), Germany ($538M), and India ($495M).
The fastest growing export markets for Copper Ore of Chile between 2019 and 2020 were China ($3.43B), Japan ($393M), and Germany ($270M).
Imports In 2020, Chile imported $77.8M in Copper Ore, becoming the 26th largest importer of Copper Ore in the world. At the same year, Copper Ore was the 167th most imported product in Chile. Chile imports Copper Ore primarily from: Peru ($45.2M), Brazil ($25.8M), Bolivia ($6.76M), Japan ($23.1k), and China ($11.8k).
The fastest growing import markets in Copper Ore for Chile between 2019 and 2020 were Peru ($32.8M), Brazil ($25.8M), and Bolivia ($5.26M).
Tariffs In 2018, the average tariff for Chile in Copper Ore was 3.48%. The countries with the highest import tariffs for Copper Ore were Botswana (Most Favoured Nation duty rate treatement, 6%), Cote d'Ivoire (Most Favoured Nation duty rate treatement, 6%), Cameroon (Most Favoured Nation duty rate treatement, 6%), Democratic Republic of the Congo (Most Favoured Nation duty rate treatement, 6%), and Cape Verde (Most Favoured Nation duty rate treatement, 6%).
Overview In December 2022 Chile's Copper Ore exports accounted up to $1.74B and imports accounted up to $210, resulting in a positive trade balance of $1.74B. Between December 2021 and December 2022 the exports of Chile's Copper Ore have decreased by $-299M (-14.7%) from $2.03B to $1.74B, while imports decreased by $-1.85k (-89.8%) from $2.06k to $210.
Destinations In December 2022, Copper Ore were exported mostly to China ($1.16B), Japan ($428M), Philippines ($47.8M), Germany ($42.5M), and Brazil ($37.9M), and were imported mostly from United States ($210).
Growth In December 2022, the decrease in Copper Ore's year-by-year exports was explained primarily by a decrease in exports to Japan ($-53M or -12.2%), South Korea ($-17.7M or -18.7%), and Germany ($-15.9M or -17.2%). In December 2022, the decrease in Copper Ore's year-by-year imports was explained primarily by a decrease in imports from .
EXPORT GROWTH (December 2021 - December 2022): $-299M, (-14.7%)
IMPORT GROWTH (April 2021 - December 2022): $-1.85k, (-89.8%)
MAIN EXPORTER (December 2022): Las Condes, $1.27B
MAIN DESTINATION (December 2022): China, $1.16B
This section shows Copper Ore's exports and imports data at subnational level for Chile. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Copper Ore over time.
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EXPORTS (2020): $21.4B
IMPORTS (2020): $77.8M
NET TRADE (2020): $21.3B
In 2020, Chile exported $21.4B in Copper Ore. The main destinations of Chile exports on Copper Ore were China ($13.1B), Japan ($3.78B), South Korea ($1.26B), Germany ($538M), and India ($495M).
In 2020, Chile imported $77.8M in Copper Ore, mainly from Peru ($45.2M), Brazil ($25.8M), Bolivia ($6.76M), Japan ($23.1k), and China ($11.8k).
THE FASTEST GROWING Copper Ore EXPORT MARKETS FOR Chile WERE (2019 - 2020):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Copper Ore BY Chile WERE (2019 - 2020):
In 2020, Chile's main exporting competitors in Copper Ore were:
In 2020, Chile's main importing competitors in Copper Ore were:
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