NEW: World Trade TARIFFS Simulator!
NEW: 2023 Data and Complexity Rankings
Sign In
Pricing

2023
Exports $1.74BWorld Rnk 9 / 127
Flag Rnk 10 / 1133
2023
Destination $117M China
2022 - 2023
FASTEST GROWING MARKET $117MChina
2023
PRODUCT COMPLEXITY IN Iron Ore-1.87Rnk 987 / 1025
2023
Imports $70.1MWorld Rnk 44 / 125
Flag Rnk 201 / 1199
2023
Origin $31.7M Brazil
2022 - 2023
FASTEST GROWING ORIGIN $31.7MBrazil
2023
ECONOMIC COMPLEXITY of Chile-0.2Rnk 72 / 132

About

Exports In 2023, Chile exported $1.74B in Iron Ore, making it the 9th largest exporter of Iron Ore in the world. At the same year, Iron Ore was the 10th most exported product in Chile. The main destination of Iron Ore exports from Chile are: China ($1.35B), South Korea ($146M), Bahrain ($127M), Japan ($94.5M), and United States ($21.7M).

The fastest growing export markets for Iron Ore of Chile between 2022 and 2023 were China ($117M), Japan ($35.7M), and Germany ($12k).

Imports In 2023, Chile imported $70.1M in Iron Ore, becoming the 44th largest importer of Iron Ore in the world. At the same year, Iron Ore was the 201st most imported product in Chile. Chile imports Iron Ore primarily from: Brazil ($70.1M), China ($3.71k), Germany ($3.67k), South Africa ($3.01k), and Spain ($835).

The fastest growing import markets in Iron Ore for Chile between 2022 and 2023 were Brazil ($31.7M), Germany ($3.67k), and South Africa ($1.1k).

Latest Trends

November 2024

About

Overview In November 2024 Chile's Iron Ore exports accounted up to $109M and imports accounted up to $2.3k, resulting in a positive trade balance of $109M. Between November 2023 and November 2024 the exports of Chile's   Iron Ore have decreased by $-68.9M (-38.7%) from $178M to $109M, while imports increased by $1.92k (499%) from $384 to $2.3k.

Destinations In November 2024, Iron Ore were exported mostly to China ($77.5M) and Bahrain ($31.7M), and were imported mostly from .

Growth In November 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 July 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 (November 2023 - November 2024)$-68.9M(-38.7%)
IMPORT GROWTH (August 2021 - July 2024)$1.92k(499%)
MAIN EXPORTER (November 2024)La Serena$197M
MAIN DESTINATION (November 2024)China$77.5M

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.

Go to Bulk Download

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Trade Balance

Color
EXPORTS (2023)$1.74B
IMPORTS (2023)$70.1M
NET TRADE (2023)$1.67B

In 2023, Chile exported $1.74B in Iron Ore. The main destinations of Chile exports on Iron Ore were China ($1.35B), South Korea ($146M), Bahrain ($127M), Japan ($94.5M), and United States ($21.7M).

In 2023, Chile imported $70.1M in Iron Ore, mainly from Brazil ($70.1M), China ($3.71k), Germany ($3.67k), South Africa ($3.01k), and Spain ($835).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Iron Ore EXPORT MARKETS FOR Chile WERE (2022 - 2023):
China$117M (9.46%)
Japan$35.7M (60.8%)
Germany$12k (92.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Ore BY Chile WERE (2022 - 2023):
South Korea-$139M (-48.9%)
United Arab Emirates-$29.7M (-100%)
Australia-$4.65M (-99.9%)
Explore Visualizations

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Chile's main exporting competitors in Iron Ore were:
Australia $85.4B
Brazil $34B
Canada $7.23B
In 2023, Chile's main importing competitors in Iron Ore were:
China $112B
Japan $9.3B
South Korea $7.07B

Explore Visualizations

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms