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2023
Exports $24.2BWorld Rnk 1 / 111
Flag Rnk 1 / 1133
2023
Destination $1.74B China
2022 - 2023
FASTEST GROWING MARKET $1.74BChina
2023
PRODUCT COMPLEXITY IN Copper Ore-1.95Rnk 994 / 1025
2023
Imports $36.2MWorld Rnk 29 / 102
Flag Rnk 320 / 1199
2023
Origin $20.6M Peru
2022 - 2023
FASTEST GROWING ORIGIN $20.6MPeru
2023
ECONOMIC COMPLEXITY of Chile-0.2Rnk 72 / 132

About

Exports In 2023, Chile exported $24.2B 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 ($17.6B), Japan ($3.51B), South Korea ($1.13B), India ($673M), and Germany ($444M).

The fastest growing export markets for Copper Ore of Chile between 2022 and 2023 were China ($1.74B), South Korea ($75.5M), and Mexico ($69.7M).

Imports In 2023, Chile imported $36.2M in Copper Ore, becoming the 29th largest importer of Copper Ore in the world. At the same year, Copper Ore was the 320th most imported product in Chile. Chile imports Copper Ore primarily from: Peru ($32M), Bolivia ($3.78M), Argentina ($322k), Brazil ($33.8k), and Canada ($24.7k).

The fastest growing import markets in Copper Ore for Chile between 2022 and 2023 were Peru ($20.6M), Argentina ($62.3k), and Brazil ($30.6k).

Latest Trends

November 2024

About

Overview In November 2024 Chile's Copper Ore exports accounted up to $3.3B and imports accounted up to $3.49M, resulting in a positive trade balance of $3.29B. Between November 2023 and November 2024 the exports of Chile's   Copper Ore have increased by $375M (12.8%) from $2.92B to $3.3B, while imports increased by $3.48M (106k%) from $3.28k to $3.49M.

Destinations In November 2024, Copper Ore were exported mostly to China ($2.21B), Japan ($599M), India ($262M), South Korea ($73.4M), and Germany ($49.3M), and were imported mostly from Peru ($2M) and Switzerland ($1.49M).

Growth In November 2024, the increase in Copper Ore's year-by-year exports was explained primarily by an increase in exports to Spain ($26.4M or 115%) and South Korea ($170k or 0.22%). In November 2024, the increase in Copper Ore's year-by-year imports was explained primarily by an increase in imports from .

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)$375M(12.8%)
IMPORT GROWTH (July 2023 - November 2024)$3.48M(106k%)
MAIN EXPORTER (November 2024)Las Condes$2.29B
MAIN DESTINATION (November 2024)China$2.21B

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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Historical Data

Trade Balance

Color
EXPORTS (2023)$24.2B
IMPORTS (2023)$36.2M
NET TRADE (2023)$24.2B

In 2023, Chile exported $24.2B in Copper Ore. The main destinations of Chile exports on Copper Ore were China ($17.6B), Japan ($3.51B), South Korea ($1.13B), India ($673M), and Germany ($444M).

In 2023, Chile imported $36.2M in Copper Ore, mainly from Peru ($32M), Bolivia ($3.78M), Argentina ($322k), Brazil ($33.8k), and Canada ($24.7k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Copper Ore EXPORT MARKETS FOR Chile WERE (2022 - 2023):
China$1.74B (11%)
South Korea$75.5M (7.15%)
Mexico$69.7M (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Copper Ore BY Chile WERE (2022 - 2023):
Japan-$305M (-7.98%)
India-$173M (-20.5%)
Spain-$161M (-30.9%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Chile's main exporting competitors in Copper Ore were:
Peru $19.9B
Indonesia $8.55B
In 2023, Chile's main importing competitors in Copper Ore were:
China $57.3B
Japan $11B
South Korea $4.95B

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Trade Value of Copper Ore by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $49.3M
TOP IMPORT POTENTIALPeru+ $8.87M

Copper Ore’s highest export potential is Germany. With an export gap of $49.3M.   Copper Ore’s highest import potential is Peru with an import gap of $8.87M.

See methodology.

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