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27 September 2024
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Key Indicators
- 11,674,015
- 69,885
- Export Trading Partners209
- 39,801,027
- 213,738
- Import Trading Partners209
Overview
Chile: Bridging Opportunities and Challenges in Trade
Nestled on the western edge of South America, Chile stands out as a key player in regional trade, ranking 29 globally in GDP in 2024. The country's trade dynamics are shaped by its geographical location and robust infrastructure.
Introduction:
Chile, known for its strong and dynamic economy, is a leading importer in South America, especially in sectors like consumer goods, machinery, and technology. These imports are crucial for supporting its mining, agriculture, and manufacturing industries, presenting valuable opportunities for global exporters.
Economic Overview:
As one of the most stable and prosperous nations in South America, Chile's economy is heavily driven by the export of copper. However, imports play a vital role in supplying the domestic market with essential goods and industrial inputs. The country's efforts towards economic diversification have increased its dependence on imported technology and specialized machinery.
Political and Regulatory Environment:
Chile benefits from a stable political environment and a strong commitment to free trade. This is evidenced by its numerous free trade agreements, which facilitate smoother import processes. Recent changes in trade policies aim to further liberalize the market and attract foreign investment.
Opportunities and Challenges for Exporters:
Exporters can find significant opportunities in supplying high-demand sectors such as renewable energy, medical equipment, and IT products. Challenges include navigating complex customs procedures and understanding local market preferences.
Positives:
1. Pacific Gateway: Chile's extensive Pacific coastline positions it as a gateway for trade with Asia, providing strategic access to major economies.
2. Economic Diversification: A diverse economy, encompassing mining, agriculture, and services, enhances Chile's resilience and offers a spectrum of trade prospects.
3. Free Trade Agreements: Proactive engagement in numerous free trade agreements expands Chile's global market access, fostering international trade partnerships.
Negatives:
1. Distance Challenges: Geographical remoteness poses logistical challenges and transportation costs, impacting the efficiency of international trade.
2. Environmental Vulnerability: Chile's susceptibility to natural disasters, such as earthquakes, may disrupt trade operations and infrastructure.
3. Social Inequality: Persistent social disparities can lead to periodic protests, potentially influencing political stability and impacting business environments.
Chile import export data, including buyer and supplier names, is available on the Volza Platform.
Chile import export data, including buyer and supplier names, is available on the Volza Platform.
Imports:
In October 2023, Chile ranked 29th in global imports, with imports valued at 71.93 billion, representing a -3% growth from October 2022.From October 2023 to October 2024, the country's imports amounted to US$269.1 billion, showing a 23% growth from the preceding year.
In 2024, imports totaled 71.93 billion, marking a -30% YOY growth from 2023. Sources of these imports were China, USA, Brazil, Argentina, Germany, Japan, Areas, Spain, Peru, Mexico. Imported products were Mineral fuels and oils, Machinery and equipment, Electrical machinery and equipment other than railway or tramway. Suppliers were DERCO S A, DERCO CHILE REPUESTOS S A, and AUTOMOTORES GILDEMEISTER PER USA. Importers in Chile were China: 22.9%, USA: 20.3%, and Brazil: 10.3%.
Top 10 Import Products:
- Petroleum oils (HS code: 2709) - Fuel for energy and transport.
- Cars (HS code: 8703) - Growing automobile market.
- Medicaments (HS code: 3004) - Healthcare sector needs.
- Computers (HS code: 8471) - Technology infrastructure.
- Mobile phones (HS code: 8517) - Consumer electronics.
- Wheat (HS code: 1001) - Food industry.
- Machinery for mining (HS code: 8431) - Mining sector.
- Aircraft parts (HS code: 8803) - Aviation industry.
- Electric generators (HS code: 8502) - Energy sector.
- Plastics (HS code: 3901) - Various manufacturing uses.
Top Buyers from Chile:
RENATO ADRIASOLA GIBSON, IMPORTADORA AGROFOR LTDA., LOREAL PANAMA, S.A.
Solution for Global Exporters:
Global exporters looking to penetrate or expand in the Chilean market should utilize Volza’s online import data. This resource offers detailed insights into Chile’s import trends, enabling businesses to identify lucrative opportunities and tailor strategies accordingly. Access Volza for comprehensive market analysis and support in navigating Chile’s trade landscape.
Import Database - Factsheet
Data Source- One side data
- Data Available From
- 01, Jan, 2015
Data Coverage- 100%
Last Shipment- 31, May, 2024
Source : Volza Import Data
Chile
Import Data
Import Data
39,801,027 Bill of Ladings, 213,738 Buyers & 69,885 Suppliers
Import
vs
Export
Jan-Dec 2023
Shipments
Data Source: VolzaImport Data
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Reach out to the Chile Import market Identify verified and active business partners in Chile
Chile Import Data
Product | Importers | Suppliers | Arrival Date |
|---|---|---|---|
AUTOMOTIVE PART: RING GEAR-RAW PART NO.: |   India | 30-04-2024 | |
STERILE OPTHALMIC EYE OINTMENT FOR | India | 30-04-2024 | |
SPARE PARTS / ACCESSORIES / COMPONENT OF CRUSHER : BOWL LINER STD C@, CU | 30-04-2024 | ||
COTTON TOILET LINEN MADE OF TERRY TOWEL | India | 30-04-2024 | |
BOBCAT MAKE AIR COMPRESSOR MODEL: PA185K | India | India | 30-04-2024 |
POLYACRYLAMIDE POWDER SNF 704 MV GDA1754 | India | 30-04-2024 |
Top 10 Importers
Chile Top 10 Importers
Within our Volza database, we possess comprehensive information about over 10 active importers in Chile. To assist you in identifying the leading importers in Chile, Volza offers an advanced feature that analyzes billions of shipping invoices using more than 20 parameters. Noteworthy among the top 10 importers in Chile are companies like DERCO S A, DERCO CHILE REPUESTOS S A , and AUTOMOTORES GILDEMEISTER PER USA. These key players are featured prominently within our extensive database. For a more comprehensive overview, please refer to our table, which outlines the top 10 importers, and explore the additional resources provided below.
Chile Top 10 Importers
| Rank | Importers | Shipments |
|---|---|---|
1 | 111,967 | |
2 | 97,880 | |
3 | 51,361 | |
4 | 36,180 | |
5 | 21,610 | |
6 | 21,288 | |
7 | 16,095 | |
8 | 15,466 | |
9 | 11,721 | |
10 | 10,312 |
Data Source : Volza Import Data
Top 9 Import Products
Chile Top 9 Import Products
As the Chile import data reveals, the nation's top import products for 2024 were prominently characterized by:- Cotton Knitting Yarn: 34.70%
- Used Steel: 22.34%
- Cotton Thread: 14.51%
- Automobile Component: 11.10%
- Presenter Box: 6.16%
- Wheelers Component: 5.77%
- Automotive Door: 4.06%
- Bumper Cover: 1.30%
- Pto Gear: 0.06%
Chile Top 9 Import Products
| Rank | Import Products | Shipments |
|---|---|---|
1 | COTTON KNITTING YARN | 12,843,432 |
2 | Used Steel | 8,269,020 |
3 | COTTON THREAD | 5,369,940 |
4 | Automobile Component | 4,108,511 |
5 | PRESENTER BOX | 2,280,631 |
6 | WHEELERS COMPONENT | 2,137,048 |
7 | Automotive Door | 1,502,115 |
8 | Bumper Cover | 480,666 |
9 | PTO Gear | 20,497 |
Data Source : Volza Import Data
Trading Partners
Top Trading Partners of Chile
Import Trading Partners
Export Trading Partners
Top 1 Import Trading Partners
Chile Top 1 Import Trading Partners
Chile trade data from 2024 highlights the nation's top 1 import partners as follows: INDIA (USD 1,198,784).
The growth rates for the leading three importers were as follows: India at 100.00% .
Trade balance analysis reveals that Chile had a trade deficit with both Iran and China. Specifically, the deficit amounted to USD 300 million with Iran and USD 150 million with China in that year. Chile import statistics show that the country's top 1 import partners in 2024 collectively contributed 87.2% to the overall value of import shipments. Furthermore, Chile’s major imports from India include Used Steel, PRESENTER BOX, Automobile Component, COTTON THREAD, WHEELERS COMPONENT, COTTON KNITTING YARN, Automotive Door, Bumper Cover, PTO Gear, products. The provided chart below breaks down the values in percentile of Chile’s top 1 import partners for 2024.
Chile Top 1 Import Trading Partners
| Rank | Import Trading Partners | Shipments |
|---|
Data Source : Volza Import Data
Import Data Sample record
Chile Import Data Sample record
Chile import data covers all important shipping details that are essential for businesses to find importers in Chile, analyze market trends and identify potential industries. Chile trade data contains customs-based details including Date, Importer Name, HS Code, HS Code Description, Commercial Description, Gross Weight, Net Weight, Total Value USD and Origin Country. View Chile import data sample with complete number of fields available in data.
Chile Import Data Sample record
Wine of fresh grapes, including fortified wines; grape must other than that of heading 2009
- Date:
- 30 Apr 2024
- HS Code:
- 87085000
- Quantity:
- 330
- Quantity Unit:
- NOS
- Value FC:
- 175,536.9
- Value:
- HS Descirption:
- PARTS AND ACCESSORIES OF THE MOTOR VEHICLES OF headings 8701 TO 8705
- Exporter:
- RENAULT INDIA PVT LTD
- Importer:
- MOTUS VEHICLES DISTRIBUTOR PTY LT
Data Source : Volza Import Data
Chile Import Fields
S.No | Data Fields |
|---|---|
1 | |
2 | |
3 | |
4 | |
5 | |
6 | |
7 | |
8 | |
9 |
Total 72 Fields
Data Source : Volza Import Data
Top 10 Import Ports
Chile Top 10 Import Ports
Chile's global import trade operates through over 10 ports. San Antonio stands as the predominant port, handling 422,800 import shipments, which constitutes a 36.25% market share. Valparaiso follows with an 32.04% share, accounting for 373,701 shipments, while Santiaga contributes a 17.98% market share with its 209,748 shipments. For detailed import trade statistics of each port in Chile, refer to the provided links below. Collectively, these ports underscore the integrated nature of Chile's trade infrastructure. As the trade data indicates, these crucial import ports facilitate the consistent delivery of essential goods across Chile.
Import Bill of Lading
- Import Shipments of Chile
- 39,801,027
- Date
- 30-04-2024
- Shipper Name
- HORSE Chile SPA
- Consignee Name
- RENAULT INDIA PVT LTD
- Weight Unit
- PCS
- Quantity
- 330
- Shipment Origin
- India
- Port of origin
- Jnpt