Iron Ore in 
Chile
2020 Exports | Imports : $1.54B | $9.55M, World Rnk 9 / 115 Rnk 9 / 1118 | World Rnk 53 / 124 Rnk 529 / 1205
2019 - 2020 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $852M | $3.15k, China | Ukraine
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%).
Latest Trends
#permalink to sectionOverview In September 2021 Chile's Iron Ore exports accounted up to $289M and imports accounted up to $1.83k, resulting in a positive trade balance of $289M. Between September 2020 and September 2021 the exports of Chile's Iron Ore have increased by $181M (169%) from $108M to $289M, while imports decreased by $-49.8k (-96.5%) from $51.7k to $1.83k.
Destinations In September 2021, Iron Ore were exported mostly to China ($202M), South Korea ($49.8M), Bahrain ($37.3M), and United States ($900), and were imported mostly from China ($1.83k).
Growth In September 2021, the increase in Iron Ore's year-by-year exports was explained primarily by an increase in exports to China ($41.9M or 95.2%). In September 2021, the decrease in Iron Ore's year-by-year imports was explained primarily by a decrease in imports from .
Subnational Monthly Trade
#permalink to sectionEXPORT 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.
For full datasets download visit Bulk Download page.
Historical Data
#permalink to sectionTrade Balance
#permalink to sectionEXPORTS (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).
Net Trade
#permalink to sectionMarket Growth
#permalink to sectionMarket Concentration
#permalink to sectionIn 2019, Chile's main exporting competitors in Iron Ore were:
In 2019, Chile's main importing competitors in Iron Ore were:
- China , $99B
- Japan , $8.24B
- South Korea , $5.94B
Tariffs
#permalink to sectionTariffs by Country
#permalink to sectionIn 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%).
