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2022
Exports $22.8BWorld Rnk 1 / 110
Flag Rnk 1 / 1142
2022
Destination $24.6M China
2021 - 2022
FASTEST GROWING MARKET $24.6MNamibia
2022
PRODUCT COMPLEXITY IN Copper Ore-1.94Rnk 995 / 1025
2022
Imports $17.9MWorld Rnk 32 / 117
Flag Rnk 482 / 1203
2022
Origin $6.35M Peru
2021 - 2022
FASTEST GROWING ORIGIN $6.35MBolivia
2022
ECONOMIC COMPLEXITY of Chile-0.18Rnk 74 / 133

About

Exports In 2022, Chile exported $22.8B in Copper Ore, making it the 1st largest exporter of Copper Ore in the world. At the same year, Copper Ore was the 1st most exported product in Chile. The main destination of Copper Ore exports from Chile are: China ($15.6B), Japan ($3.96B), South Korea ($935M), India ($829M), and Spain ($412M).

The fastest growing export markets for Copper Ore of Chile between 2021 and 2022 were Namibia ($24.6M), United States ($18M), and Singapore ($13.7M).

Imports In 2022, Chile imported $17.9M in Copper Ore, becoming the 32nd largest importer of Copper Ore in the world. At the same year, Copper Ore was the 482nd most imported product in Chile. Chile imports Copper Ore primarily from: Peru ($10.3M), Bolivia ($7.3M), Argentina ($245k), Chile ($29.5k), and Canada ($19k).

The fastest growing import markets in Copper Ore for Chile between 2021 and 2022 were Bolivia ($6.35M), Peru ($2.71M), and Argentina ($236k).

Latest Trends

August 2024

About

Overview In August 2024 Chile's Copper Ore exports accounted up to $2.6B and imports accounted up to $17.2k, resulting in a positive trade balance of $2.6B. Between August 2023 and August 2024 the exports of Chile's   Copper Ore have increased by $727M (38.7%) from $1.88B to $2.6B, while imports decreased by $-605k (-97.2%) from $623k to $17.2k.

Destinations In August 2024, Copper Ore were exported mostly to China ($1.61B), Japan ($472M), South Korea ($267M), India ($122M), and Germany ($70.4M), and were imported mostly from Canada ($17k) and Japan ($223).

Growth In August 2024, the increase in Copper Ore's year-by-year exports was explained primarily by an increase in exports to Spain ($26.4M or 115%) and South Korea ($170k or 0.22%). In August 2024, the decrease in Copper Ore's year-by-year imports was explained primarily by a decrease in imports from .

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)$727M(38.7%)
IMPORT GROWTH (April 2023 - August 2024)$-605k(-97.2%)
MAIN EXPORTER (August 2024)Las Condes$2.02B
MAIN DESTINATION (August 2024)China$1.61B

This section shows Copper 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 Copper Ore over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$22.8B
IMPORTS (2022)$17.9M
NET TRADE (2022)$22.8B

In 2022, Chile exported $22.8B in Copper Ore. The main destinations of Chile exports on Copper Ore were China ($15.6B), Japan ($3.96B), South Korea ($935M), India ($829M), and Spain ($412M).

In 2022, Chile imported $17.9M in Copper Ore, mainly from Peru ($10.3M), Bolivia ($7.3M), Argentina ($245k), Chile ($29.5k), and Canada ($19k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Copper Ore EXPORT MARKETS FOR Chile WERE (2021 - 2022):
Namibia$24.6M (102%)
United States$18M (1%)
Singapore$13.7M (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Copper Ore BY Chile WERE (2021 - 2022):
China-$4.46B (-22.3%)
Japan-$490M (-11%)
Brazil-$227M (-74%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Chile's main exporting competitors in Copper Ore were:
Peru $13.5B
Indonesia $8.89B
In 2022, Chile's main importing competitors in Copper Ore were:
China $50.5B
Japan $12.4B
South Korea $6.27B

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Trade Value of Copper Ore by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $49.3M
TOP IMPORT POTENTIALPeru+ $8.87M

Copper Ore’s highest export potential is Germany. With an export gap of $49.3M.   Copper Ore’s highest import potential is Peru with an import gap of $8.87M.

See methodology.

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