HS Icon Iron Ore in  Flag Chile

2020
Exports | Imports
: $1.54B | $9.55M, World Rnk 9 / 115
Flag Rnk 9 / 1118 | World Rnk 53 / 124
Flag Rnk 529 / 1205

2019 - 2020
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $852M | $3.15k, China |  Ukraine


ECONOMIC COMPLEXITY of Chile
: -0.2, Rnk 70 / 127


PRODUCT COMPLEXITY  IN Iron Ore
: -1.81, Rnk 991 / 1028

Exports In 2020, Chile exported $1.54B in Iron Ore, making it the 9th largest exporter of Iron Ore in the world. At the same year, Iron Ore was the 9th most exported product in Chile. The main destination of Iron Ore exports from Chile are: China ($1.44B), South Korea ($41M), Japan ($29.7M), Algeria ($15M), and United States ($13.6M).

The fastest growing export markets for Iron Ore of Chile between 2019 and 2020 were China ($852M), South Korea ($41M), and Japan ($25M).

Imports In 2020, Chile imported $9.55M in Iron Ore, becoming the 53rd largest importer of Iron Ore in the world. At the same year, Iron Ore was the 529th most imported product in Chile. Chile imports Iron Ore primarily from: Brazil ($9.53M), Ukraine ($16.1k), Canada ($1.74k), Australia ($1.65k), and South Africa ($210).

The fastest growing import markets in Iron Ore for Chile between 2019 and 2020 were Ukraine ($3.15k), Canada ($1.74k), and Australia ($1.65k).

Tariffs In 2018, the average tariff for Chile in Iron Ore was 3.5%. The countries with the highest import tariffs for Iron 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%).

Subnational Monthly Trade

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Time Scale
Flow
Value

EXPORT GROWTH (September 2020 - September 2021): $181M, (169%)

IMPORT GROWTH (July 2018 - September 2021): $-49.8k, (-96.5%)

MAIN EXPORTER (September 2021): La Serena, $283M

MAIN DESTINATION (September 2021): China, $202M

This section shows Iron 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 Iron Ore over time.

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Historical Data

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EXPORTS (2020): $1.54B

IMPORTS (2020): $9.55M

NET TRADE (2020): $1.53B

In 2020, Chile exported $1.54B in Iron Ore. The main destinations of Chile exports on Iron Ore were China ($1.44B), South Korea ($41M), Japan ($29.7M), Algeria ($15M), and United States ($13.6M).

In 2020, Chile imported $9.55M in Iron Ore, mainly from Brazil ($9.53M), Ukraine ($16.1k), Canada ($1.74k), Australia ($1.65k), and South Africa ($210).

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IN 2020, Chile HAD A POSITIVE NET TRADE IN Iron Ore WITH:

IN 2020, Chile HAD A NEGATIVE NET TRADE IN Iron Ore WITH:

Flow

THE FASTEST GROWING Iron Ore EXPORT MARKETS FOR Chile WERE (2019 - 2020):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Ore BY Chile WERE (2019 - 2020):

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Market Concentration

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In 2019, Chile's main exporting competitors in Iron Ore were:

In 2019, Chile's main importing competitors in Iron Ore were:

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Tariffs by Country

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In 2018, the average tariff for Chile in Iron Ore was 3.5%.

The countries with the highest tariffs for Iron Ore in Chile 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%).