Raw Copper in Chile | The Observatory of Economic Complexity

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Exports In 2023, Chile exported $2.16B in Raw Copper, making it the 2nd largest exporter of Raw Copper in the world. At the same year, Raw Copper was the 8th most exported product in Chile. The main destination of Raw Copper exports from Chile are: China ($1.16B), Canada ($469M), South Korea ($273M), India ($213M), and Japan ($25.2M).

The fastest growing export markets for Raw Copper of Chile between 2022 and 2023 were India ($213M), Japan ($25.2M), and Cambodia ($16.7M).

Imports In 2023, Chile imported $96.3k in Raw Copper, becoming the 66th largest importer of Raw Copper in the world. At the same year, Raw Copper was the 1105th most imported product in Chile. Chile imports Raw Copper primarily from: United Kingdom ($37.1k), South Korea ($12.3k), Spain ($9.22k), Mexico ($7.91k), and Norway ($6.38k).

The fastest growing import markets in Raw Copper for Chile between 2022 and 2023 were United Kingdom ($30.9k), Mexico ($7.91k), and South Korea ($7.42k).

Latest Trends

November 2024

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Overview In November 2024 Chile's Raw Copper exports accounted up to $192M and imports accounted up to $3.02k, resulting in a positive trade balance of $192M. Between November 2023 and November 2024 the exports of Chile's Raw Copper have increased by $68M (55%) from $124M to $192M, while imports decreased by $-44.1k (-93.6%) from $47.1k to $3.02k.

Destinations In November 2024, Raw Copper were exported mostly to Canada ($99.6M), China ($75.5M), and South Korea ($16.6M), and were imported mostly from .

Growth In November 2024, the increase in Raw Copper's year-by-year exports was explained primarily by an increase in exports to South Korea ($17.4M or 44.1%). In October 2024, the decrease in Raw Copper'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 (November 2023 - November 2024)$68M(55%)

IMPORT GROWTH (February 2023 - October 2024)$-44.1k(-93.6%)

MAIN EXPORTER (November 2024)Antofagasta$123M

MAIN DESTINATION (November 2024)Canada$99.6M

This section shows Raw Copper'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 Raw Copper over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2023)$2.16B

IMPORTS (2023)$96.3k

NET TRADE (2023)$2.16B

In 2023, Chile exported $2.16B in Raw Copper. The main destinations of Chile exports on Raw Copper were China ($1.16B), Canada ($469M), South Korea ($273M), India ($213M), and Japan ($25.2M).

In 2023, Chile imported $96.3k in Raw Copper, mainly from United Kingdom ($37.1k), South Korea ($12.3k), Spain ($9.22k), Mexico ($7.91k), and Norway ($6.38k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow

Exports

Imports

Starting

Ending

THE FASTEST GROWING Raw Copper EXPORT MARKETS FOR Chile WERE (2022 - 2023):

India$213M (1%)

Japan$25.2M (1%)

Cambodia$16.7M (1%)

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Raw Copper BY Chile WERE (2022 - 2023):

Canada-$356M (-43.2%)

China-$288M (-19.8%)

Spain-$107M (-98.9%)

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Change in Exports by Market (2022 - 2023)

Market Concentration

View

LinePlot

StackedArea

Flow

Export

Import

Type

Value

Share

In 2023, Chile's main exporting competitors in Raw Copper were:

Zambia $6.95B

Democratic Republic of the Congo $1.41B

In 2023, Chile's main importing competitors in Raw Copper were:

China $6.13B

Switzerland $3.15B

India $2.05B

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Trade Value of Raw Copper by Exporters

Potential Exports

Flow

Exports

Imports

View

World Map

Bar Chart

TOP EXPORT POTENTIALGermany+ $17.8M

TOP IMPORT POTENTIALSpain+ $11.6k

Raw Copper’s highest export potential is Germany. With an export gap of $17.8M. Raw Copper’s highest import potential is Spain with an import gap of $11.6k.

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Subnational Monthly Trade

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Historical Data

Trade Balance

Export Destinations (2023)

Import Origins (2023)

Market Growth

Change in Exports by Market (2022 - 2023)

Market Concentration

Trade Value of Raw Copper by Exporters

Potential Exports

Potential Exports

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