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2022
Exports $1.7BWorld Rnk 11 / 128
Flag Rnk 11 / 1142
2022
Destination $157M China
2021 - 2022
FASTEST GROWING MARKET $157MSouth Korea
2022
PRODUCT COMPLEXITY IN Iron Ore-1.79Rnk 980 / 1025
2022
Imports $21.6MWorld Rnk 49 / 130
Flag Rnk 449 / 1203
2022
Origin $62.7k Brazil
2021 - 2022
FASTEST GROWING ORIGIN $62.7kChina
2022
ECONOMIC COMPLEXITY of Chile-0.18Rnk 74 / 133

About

Exports In 2022, Chile exported $1.7B in Iron Ore, making it the 11th largest exporter of Iron Ore in the world. At the same year, Iron Ore was the 11th most exported product in Chile. The main destination of Iron Ore exports from Chile are: China ($1.24B), South Korea ($241M), Bahrain ($104M), Japan ($52.7M), and United Arab Emirates ($33.3M).

The fastest growing export markets for Iron Ore of Chile between 2021 and 2022 were South Korea ($157M), United Arab Emirates ($33.3M), and Bahrain ($16.8M).

Imports In 2022, Chile imported $21.6M in Iron Ore, becoming the 49th largest importer of Iron Ore in the world. At the same year, Iron Ore was the 449th most imported product in Chile. Chile imports Iron Ore primarily from: Brazil ($21.5M), China ($67.7k), United States ($17.4k), Canada ($9.34k), and Japan ($5.51k).

The fastest growing import markets in Iron Ore for Chile between 2021 and 2022 were China ($62.7k), United States ($16.8k), and Canada ($9.02k).

Latest Trends

April 2024

About

Overview In April 2024 Chile's Iron Ore exports accounted up to $182M and imports accounted up to $5.52k, resulting in a positive trade balance of $182M. Between April 2023 and April 2024 the exports of Chile's   Iron Ore have decreased by $-17M (-8.54%) from $199M to $182M, while imports increased by $4.66k (541%) from $860 to $5.52k.

Destinations In April 2024, Iron Ore were exported mostly to China ($143M), Bahrain ($21.9M), and Japan ($16.7M), and were imported mostly from Austria ($5.52k).

Growth In April 2024, the decrease in Iron Ore's year-by-year exports was explained primarily by a decrease in exports to United States ($-1.06M or -16%). In April 2024, the increase in Iron Ore's year-by-year imports was explained primarily by an increase in imports from .

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (April 2023 - April 2024)$-17M(-8.54%)
IMPORT GROWTH (July 2021 - April 2024)$4.66k(541%)
MAIN EXPORTER (April 2024)La Serena$197M
MAIN DESTINATION (April 2024)China$143M

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

Trade Balance

Color
EXPORTS (2022)$1.7B
IMPORTS (2022)$21.6M
NET TRADE (2022)$1.68B

In 2022, Chile exported $1.7B in Iron Ore. The main destinations of Chile exports on Iron Ore were China ($1.24B), South Korea ($241M), Bahrain ($104M), Japan ($52.7M), and United Arab Emirates ($33.3M).

In 2022, Chile imported $21.6M in Iron Ore, mainly from Brazil ($21.5M), China ($67.7k), United States ($17.4k), Canada ($9.34k), and Japan ($5.51k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron Ore EXPORT MARKETS FOR Chile WERE (2021 - 2022):
South Korea$157M (185%)
United Arab Emirates$33.3M (1%)
Bahrain$16.8M (19.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Ore BY Chile WERE (2021 - 2022):
China-$1.01B (-44.9%)
Japan-$21.8M (-29.3%)
United States-$11M (-33.5%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Chile's main exporting competitors in Iron Ore were:
Australia $87.9B
Brazil $30.1B
Canada $6.81B
In 2022, Chile's main importing competitors in Iron Ore were:
China $103B
Japan $11.3B
South Korea $7.58B

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Trade Value of Iron Ore by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $250M
TOP IMPORT POTENTIALBrazil+ $9.55M

Iron Ore’s highest export potential is China. With an export gap of $250M.   Iron Ore’s highest import potential is Brazil with an import gap of $9.55M.

See methodology.

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