Refined Copper in Chile 2020 Exports | Imports : $14.5B | $3.38M, World Rnk 1 / 132 Rnk 2 / 1118 | World Rnk 69 / 176 Rnk 721 / 1205
2019 - 2020 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $1.15B | $177k, China | Brazil
2020 ECONOMIC COMPLEXITY of Chile: -0.2, Rnk 70 / 127
2020 PRODUCT COMPLEXITY IN Refined Copper: -1.33, Rnk 914 / 1029
Exports In 2020, Chile exported $14.5B in Refined Copper, making it the 1st largest exporter of Refined Copper in the world. At the same year, Refined Copper was the 2nd most exported product in Chile. The main destination of Refined Copper exports from Chile are: China ($7.1B), United States ($2.62B), South Korea ($1.22B), Brazil ($1.06B), and Chinese Taipei ($858M).
The fastest growing export markets for Refined Copper of Chile between 2019 and 2020 were China ($1.15B), Brazil ($200M), and United States ($94.2M).
Imports In 2020, Chile imported $3.38M in Refined Copper, becoming the 69th largest importer of Refined Copper in the world. At the same year, Refined Copper was the 721st most imported product in Chile. Chile imports Refined Copper primarily from: Peru ($1.75M), Spain ($897k), France ($215k), Brazil ($177k), and Germany ($169k).
The fastest growing import markets in Refined Copper for Chile between 2019 and 2020 were Brazil ($177k), United States ($109k), and China ($18.1k).
Tariffs In 2018, the average tariff for Chile in Refined Copper was 3.48%. The countries with the highest import tariffs for Refined Copper 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%).
Overview In December 2022 Chile's Refined Copper exports accounted up to $1.34B and imports accounted up to $1.09k, resulting in a positive trade balance of $1.34B. Between December 2021 and December 2022 the exports of Chile's Refined Copper have decreased by $-889M (-40%) from $2.23B to $1.34B, while imports decreased by $-33.3k (-96.8%) from $34.4k to $1.09k.
Destinations In December 2022, Refined Copper were exported mostly to China ($709M), United States ($184M), Brazil ($102M), South Korea ($101M), and France ($56.1M), and were imported mostly from Germany ($1.09k).
Growth In December 2022, the decrease in Refined Copper's year-by-year exports was explained primarily by a decrease in exports to South Korea ($-3.32M or -2.46%) and Argentina ($-1.61M or -74.7%). In December 2022, the decrease in Refined Copper's year-by-year imports was explained primarily by a decrease in imports from .
EXPORT GROWTH (December 2021 - December 2022): $-889M, (-40%)
IMPORT GROWTH (November 2021 - December 2022): $-33.3k, (-96.8%)
MAIN EXPORTER (December 2022): Las Condes, $572M
MAIN DESTINATION (December 2022): China, $709M
This section shows Refined 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 Refined Copper over time.
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EXPORTS (2020): $14.5B
IMPORTS (2020): $3.38M
NET TRADE (2020): $14.5B
In 2020, Chile exported $14.5B in Refined Copper. The main destinations of Chile exports on Refined Copper were China ($7.1B), United States ($2.62B), South Korea ($1.22B), Brazil ($1.06B), and Chinese Taipei ($858M).
In 2020, Chile imported $3.38M in Refined Copper, mainly from Peru ($1.75M), Spain ($897k), France ($215k), Brazil ($177k), and Germany ($169k).
THE FASTEST GROWING Refined Copper EXPORT MARKETS FOR Chile WERE (2019 - 2020):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Copper BY Chile WERE (2019 - 2020):
In 2020, Chile's main exporting competitors in Refined Copper were:
In 2020, Chile's main importing competitors in Refined Copper were:
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