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Who buys Chile’s iron ore? Export destinations 2024

In 2024, Chile exported $1.6 billion of iron ore (15.2 million tonnes), 1% of the world total. China bought 72% of the total, followed by Bahrain (16%) and South Korea (7%). Chile was the world’s 10th-largest exporter of iron ore.

Summary

Value
$1.6billion
Tonnes
15.2million tonnes
Share of world total
1%
World rank
10th
Routes to the main destinations. Width: value; color: estimated transport mode.SeaAirLand

Destinations

The 16 main destinations in the latest year.

PartnerValue (USD billions)TonnesUSD per tonneShareMode
China1.2Tonnes: 11,642,067USD per tonne: $10272.4%Sea
Bahrain0.27Tonnes: 2,162,562USD per tonne: $12316.1%Sea
South Korea0.12Tonnes: 904,354USD per tonne: $1367.5%Sea
Japan0.05Tonnes: 412,915USD per tonne: $1243.1%Sea
United States0.02Tonnes: 116,934USD per tonne: $1320.94%Sea
Germany< 0.01Tonnes: 36USD per tonne: $1240%Sea
Peru< 0.01Tonnes: 22USD per tonne: $1800%Sea
Italy< 0.01Tonnes: —USD per tonne: —0%Sea
Netherlands re-exports< 0.01Tonnes: 8USD per tonne: $2790%Sea
India< 0.01Tonnes: 1USD per tonne: $3,9490%Sea
Brazil< 0.01Tonnes: 0USD per tonne: $11,6870%Sea
Spain< 0.01Tonnes: 0USD per tonne: $10,7100%Sea
Sweden< 0.01Tonnes: 3USD per tonne: $3860%Sea
Canada< 0.01Tonnes: 7USD per tonne: $1430%Sea
Switzerland< 0.01Tonnes: —USD per tonne: —0%Sea
Poland< 0.01Tonnes: 0USD per tonne: $3,3330%Sea

Trend

Who it sells to

China has been its main destination since 2003

Value in USD billions. The five largest destinations in 2024.

  • China 1.2
  • Bahrain 0.27
  • South Korea 0.12
  • Japan 0.05
  • United States 0.02

Source: CEPII BACI

Show the numbers
Partner19952024
China0.011.2
Bahrain00.27
South Korea0.040.12
Japan0.060.05
United States< 0.010.02

Sources and methodology

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), which reconciles what exporters and importers report: countries that stopped reporting (Russia since 2022) appear with their partners’ data. FOB values in current US dollars; tonnes when BACI reports them. The price per tonne is the value of the rows with a weight divided by that weight. The transport mode is our own estimate based on value per kilo and geography. Data up to 2024.

Hong Kong, Singapore, the Netherlands and Belgium re-export goods from other countries: their figures include transit.

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