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2023
Exports $17.1BWorld Rnk 1 / 147
Flag Rnk 2 / 1133
2023
Destination $623M China
2022 - 2023
FASTEST GROWING MARKET $623MUnited States
2023
PRODUCT COMPLEXITY IN Refined Copper-1.41Rnk 931 / 1025
2023
Imports $2.35MWorld Rnk 73 / 184
Flag Rnk 807 / 1199
2023
Origin $1.25M Spain
2022 - 2023
FASTEST GROWING ORIGIN $1.25MSpain
2023
ECONOMIC COMPLEXITY of Chile-0.2Rnk 72 / 132

About

Exports In 2023, Chile exported $17.1B 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 ($6.15B), United States ($4.63B), Brazil ($1.63B), South Korea ($1.25B), and Chinese Taipei ($793M).

The fastest growing export markets for Refined Copper of Chile between 2022 and 2023 were United States ($623M), Sweden ($80.2M), and Brazil ($66.6M).

Imports In 2023, Chile imported $2.35M in Refined Copper, becoming the 73rd largest importer of Refined Copper in the world. At the same year, Refined Copper was the 807th most imported product in Chile. Chile imports Refined Copper primarily from: Spain ($1.72M), Portugal ($237k), France ($191k), China ($123k), and United States ($30.1k).

The fastest growing import markets in Refined Copper for Chile between 2022 and 2023 were Spain ($1.25M), Portugal ($120k), and China ($75.1k).

Latest Trends

November 2024

About

Overview In November 2024 Chile's Refined Copper exports accounted up to $1.32B and imports accounted up to $32.5k, resulting in a positive trade balance of $1.32B. Between November 2023 and November 2024 the exports of Chile's   Refined Copper have decreased by $-228M (-14.8%) from $1.55B to $1.32B, while imports decreased by $-9.05k (-21.8%) from $41.5k to $32.5k.

Destinations In November 2024, Refined Copper were exported mostly to United States ($546M), China ($356M), Brazil ($145M), France ($66.9M), and South Korea ($58M), and were imported mostly from United States ($23k) and Italy ($9.49k).

Growth In November 2024, the decrease in Refined Copper's year-by-year exports was explained primarily by a decrease in exports to United States ($-595M or -80.8%), Brazil ($-31.6M or -19.4%), and Spain ($-28.3M or -55.6%). In November 2024, the decrease in Refined Copper's year-by-year imports was explained primarily by a decrease in imports from .

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)$-228M(-14.8%)
IMPORT GROWTH (September 2023 - November 2024)$-9.05k(-21.8%)
MAIN EXPORTER (November 2024)Santiago$890M
MAIN DESTINATION (November 2024)United States$546M

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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Historical Data

Trade Balance

Color
EXPORTS (2023)$17.1B
IMPORTS (2023)$2.35M
NET TRADE (2023)$17.1B

In 2023, Chile exported $17.1B in Refined Copper. The main destinations of Chile exports on Refined Copper were China ($6.15B), United States ($4.63B), Brazil ($1.63B), South Korea ($1.25B), and Chinese Taipei ($793M).

In 2023, Chile imported $2.35M in Refined Copper, mainly from Spain ($1.72M), Portugal ($237k), France ($191k), China ($123k), and United States ($30.1k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Refined Copper EXPORT MARKETS FOR Chile WERE (2022 - 2023):
United States$623M (15.5%)
Sweden$80.2M (165k%)
Brazil$66.6M (4.25%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Copper BY Chile WERE (2022 - 2023):
China-$1.66B (-21.3%)
South Korea-$541M (-30.2%)
Chinese Taipei-$186M (-19%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Chile's main exporting competitors in Refined Copper were:
Democratic Republic of the Congo $11.8B
Japan $6.42B
In 2023, Chile's main importing competitors in Refined Copper were:
China $32B
United States $6.91B
Italy $5.3B

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Trade Value of Refined Copper by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALItaly+ $81.5M
TOP IMPORT POTENTIALSpain+ $125k

Refined Copper’s highest export potential is Italy. With an export gap of $81.5M.   Refined Copper’s highest import potential is Spain with an import gap of $125k.

See methodology.

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