Iron Ore in Chile | The Observatory of Economic Complexity

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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).

COMPANIES In 2023, leading companies such as were at the forefront of shipping Iron Ore from Chile to the United States.

Latest Trends

January 2024

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Overview In January 2024 Chile's Iron Ore exports accounted up to $197M and imports accounted up to $838, resulting in a positive trade balance of $197M. Between January 2023 and January 2024 the exports of Chile's Iron Ore have increased by $62.3M (46.1%) from $135M to $197M, while imports decreased by $-5.54k (-86.8%) from $6.37k to $838.

Destinations In January 2024, Iron Ore were exported mostly to China ($146M), Bahrain ($18.8M), South Korea ($16.9M), and Japan ($15.8M), and were imported mostly from .

Growth In January 2024, the increase in Iron Ore's year-by-year exports was explained primarily by an increase in exports to China ($68.9M or 149%). In September 2023, the decrease in Iron Ore's year-by-year imports was explained primarily by a decrease in imports from .

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)$62.3M(46.1%)

IMPORT GROWTH (June 2021 - September 2023)$-5.54k(-86.8%)

MAIN EXPORTER (January 2024)La Serena$197M

MAIN DESTINATION (January 2024)China$146M

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

Trade Value

Growth

Growth (%)

Year

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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