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Joint Ventures (Tables) | 12 Months Ended
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Dec. 31, 2022
Joint Ventures |
Schedule of investment in joint ventures accounted for under the equity method of accounting | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Share in profit (loss) of joint ventures
​ | ​ | Equity-accounted investees | ​ | accounted for using the equity method
​ | ​ | As of | ​ | As of | ​ | As of | ​ | For the year ended | ​ | For the year ended | ​ | For the year ended
​ | ​ | December 31, | ​ | December 31, | ​ | December 31, | ​ | December 31, | ​ | December 31, | ​ | December 31,
Joint Venture | ​ | 2022 | ​ | 2021 | ​ | 2020 | ​ | 2022 | ​ | 2021 | ​ | 2020
​ | ​ | ThUS$ | ​ | ThUS$ | ​ | ThUS$ | ​ | ThUS$ | ​ | ThUS$ | ​ | ThUS$
SQM Vitas Fzco. |  | 20,793 |  | 8,682 |  | 9,720 |  | 8,208 |  | 6,304 |  | 2,010
SQM Qingdao Star Corp Nutrition Co. Ltd. |  | — |  | — |  | — |  | — |  | — |  | 83
Pavoni & C. Spa |  | 7,315 |  | 7,030 |  | 7,222 |  | 470 |  | 174 |  | 9
Covalent Lithium Pty Ltd. |  | — |  | — |  | — |  | — |  | — |  | —
Sichuan SQM Migao Chemical Fertilizers Co Ltd. |  | — |  | — |  | 9,028 |  | — |  | — |  | (280)
Total |  | 28,108 |  | 15,712 |  | 25,970 |  | 8,678 |  | 6,478 |  | 1,822
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Share on other comprehensive income joint ventures | ​ | Share on total comprehensive income of joint ventures
​ | ​ | accounted for using the equity method | ​ | accounted for using the equity method
​ | ​ | As of | ​ | As of | ​ | As of | ​ | For the year ended | ​ | For the year ended | ​ | For the year ended
​ | ​ | December 31, | ​ | December 31, | ​ | December 31, | ​ | December 31, | ​ | December 31, | ​ | December 31,
Joint Venture | ​ | 2022 | ​ | 2021 | ​ | 2020 | ​ | 2022 | ​ | 2021 | ​ | 2020
​ | ​ | ThUS$ | ​ | ThUS$ | ​ | ThUS$ | ​ | ThUS$ | ​ | ThUS$ | ​ | ThUS$
Coromandel SQM India (*) |  | — |  | — |  | — |  | — |  | — |  | —
SQM Vitas Fzco. |  | 674 |  | 429 |  | (1,469) |  | 8,882 |  | 6,733 |  | 541
SQM Qingdao Star Corp Nutrition Co. Ltd. (*) |  | — |  | — |  | — |  | — |  | — |  | 83
SQM Vitas B.V. |  | — |  | — |  | — |  | — |  | — |  | —
Pavoni & C. Spa |  | (210) |  | (317) |  | 349 |  | 260 |  | (143) |  | 358
Covalent Lithium Pty Ltd. |  | 90 |  | 37 |  | 16 |  | 90 |  | 37 |  | 16
Sichuan SQM Migao Chemical Fertilizers Co Ltd. |  | — |  | — |  | — |  | — |  | — |  | (280)
Total |  | 554 |  | 149 |  | (1,104) |  | 9,232 |  | 6,627 |  | 718
(*) | These investments were disposed of in 2021
(*) | See more details in Note 8.4 (a).
The amounts described in the following box represent numbers used in the consolidation of the company:
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Equity-accounted investees | ​ | Share in profit (loss) of joint ventures
​ | ​ | ​ | ​ | accounted for using the equity method
​ | ​ | As of | ​ | As of | ​ | As of | ​ | For the year ended | ​ | For the year ended | ​ | For the year ended
​ | ​ | December 31, | ​ | December 31, | ​ | December 31, | ​ | December 31, | ​ | December 31, | ​ | December 31,
Joint Venture | ​ | 2022 | ​ | 2021 | ​ | 2020 | ​ | 2022 | ​ | 2021 | ​ | 2020
​ | ​ | ThUS$ | ​ | ThUS$ | ​ | ThUS$ | ​ | ThUS$ | ​ | ThUS$ | ​ | ThUS$
SQM Vitas Brasil Agroindustria (1) |  | 14,667 |  | — |  | 3,511 |  | 5,834 |  | 4,582 |  | 1,018
SQM Vitas Perú S.A.C. (1) |  | 1,340 |  | 4,681 |  | 1,659 |  | 2,293 |  | 1,645 |  | 660
Total |  | 16,007 |  | 4,681 |  | 5,170 |  | 8,127 | ​ | 6,227 | ​ | 1,678
​ ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Share on other comprehensive income of | ​ | Share on total comprehensive income of
​ | ​ | joint ventures accounted for using | ​ | joint ventures accounted for using
​ | ​ | the equity method, for the period ended | ​ | the equity method, for the period ended
​ | ​ | As of | ​ | As of | ​ | As of | ​ | For the year ended | ​ | For the year ended | ​ | For the year ended
​ | ​ | December 31, | ​ | December 31, | ​ | December 31, | ​ | December 31, | ​ | December 31, | ​ | December 31,
Joint Venture | ​ | 2022 | ​ | 2021 | ​ | 2020 | ​ | 2022 | ​ | 2021 | ​ | 2020
​ | ​ | ThUS$ | ​ | ThUS$ | ​ | ThUS$ | ​ | ThUS$ | ​ | ThUS$ | ​ | ThUS$
SQM Vitas Brasil Agroindustria (1) |  | 551 |  | (429) |  | (1,469) |  | 6,385 |  | 4,153 |  | (451)
SQM Vitas Perú S.A.C. (1) |  | — |  | — |  | — |  | 2,293 |  | 1,645 |  | 660
Total |  | 551 |  | (429) |  | (1,469) |  | 8,678 |  | 5,798 |  | 209
​
Schedule of dividends received from joint ventures | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Dividends received for the year ending
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Share of | ​ | As of | ​ | As of | ​ | As of
​ |  | Description of the nature |  | ​ |  | Country of |  | interest in |  | December 31, |  | December 31, |  | December 31,
Joint venture | ​ | of the relationship | ​ | Domicile | ​ | incorporation | ​ | ownership | ​ | 2022 | ​ | 2021 | ​ | 2020
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ |  | ThUS$ |  | ThUS$ |  | ThUS$
Sichuan SQM Migao Chemical Fertilizers Co Ltd. |  | Production and distribution of soluble fertilizers. |  | Huangjing Road, Dawan Town, Qingbaijiang Dristrict, Chengdu Municipality, Sichuan Province |  | China |  | 50 | % | — |  | — |  | —
SQM Vitas Fzco. |  | Production and commercialization of specialty plant, animal nutrition and industrial hygiene. |  | Jebel ALI Free Zone P.O. Box 18222, Dubai |  | United Arab Emirates |  | 50 | % | — |  | — |  | —
SQM Qingdao Star Corp Nutrition Co. Ltd. |  | Production and distribution of nutrient plant solutions with specialties NPK soluble. |  | Longquan Town, Jimo City, Qingdao Municipality, Shangdong Province |  | China |  | 50 | % | — |  | — |  | 2,223
Pavoni & C. Spa |  | Production of specialty fertilizers and others for distribution in Italy and other countries. |  | Corso Italia 172, 95129 Catania -CT, Sicilia |  | Italy |  | 50 | % | — |  | — |  | —
SQM Vitas Brasil Agroindustria (1) | ​ | Production and trading of specialty vegetable and animal nutrition and industrial hygiene. | ​ | Via Cndeias, Km. 01 Sem Numero, Lote 4, Bairro Cia Norte, Candeias, Bahia. | ​ | Brazil | ​ | 49.99 | % | — | ​ | — | ​ | —
SQM Vitas Perú S.A.C. (1) | ​ | Production and trading of specialty vegetable and animal nutrition and industrial hygiene | ​ | Av. Juan de Arona 187, Torre B, Oficina 301-II, San Isidro, Lima | ​ | Peru | ​ | 50 | % | — | ​ | — | ​ | —
Covalent Lithium Pty Ltd. |  | Development and operation of the Mt. Holland Lithium project, which will include the construction of a lithium extraction and refining mine. |  | L18, 109 St Georges Tce Perth WA 6000 |PO Box Z5200 St Georges Tce Perth WA 6831 |  | Australia |  | 50 | % | — |  | — |  | —
Total |  | ​ |  | ​ |  | ​ |  |  |  | — |  | — |  | 2,223
​
(*) | The percentages presented correspond to the ownership used in the consolidation of the company.
Schedule of assets, liabilities, revenue and expenses from joint ventures | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | As of December 31, 2022 |  | For the year ended December 31, 2022
​ | ​ | Assets | ​ | Liabilities | ​ | ​ | ​ | ​ | ​ | Other | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | comprehensive | ​ | Comprehensive
Joint Venture |  | Current |  | Non-current |  | Current |  | Non-current |  | Revenue |  | Net income (loss) |  | income |  | income
​ | ​ | ThUS$ | ​ | ThUS$ | ​ | ThUS$ | ​ | ThUS$ | ​ | ThUS$ | ​ | ThUS$ | ​ | ThUS$ | ​ | ThUS$
SQM Vitas Fzco. (*) |  | 9,618 |  | — |  | 49 |  | — |  | — |  | 165 |  | — |  | 165
SQM Vitas Brasil Agroindustria (*) |  | 73,045 |  | 6,111 |  | 45,894 |  | — |  | 162,026 |  | 11,670 |  | 602 |  | 12,272
SQM Vitas Perú S.A.C. (*) |  | 59,196 |  | 7,285 |  | 49,596 |  | 117 |  | 61,387 |  | 4,586 |  | — |  | 4,586
Pavoni & C. Spa (*) |  | 11,516 |  | 6,358 |  | 8,853 |  | 802 |  | 18,066 |  | 939 |  | (344) |  | 595
Covalent Lithium Pty Ltd. |  | 2,077 |  | 3,088 |  | 7,062 |  | 3,017 |  | — |  | (2,648) |  | — |  | (2,648)
Total |  | 155,452 |  | 22,842 |  | 111,454 |  | 3,936 |  | 241,479 |  | 14,712 |  | 258 |  | 14,970
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | As of December 31, 2021 |  | For the year ended December 31, 2021
​ | ​ | Assets | ​ | Liabilities | ​ | ​ | ​ | ​ | ​ | Other | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | comprehensive | ​ | Comprehensive
Joint Venture |  | Current |  | Non-current |  | Current |  | Non-current |  | Revenue |  | Net income (loss) |  | income |  | income
​ | ​ | ThUS$ | ​ | ThUS$ | ​ | ThUS$ | ​ | ThUS$ | ​ | ThUS$ | ​ | ThUS$ | ​ | ThUS$ | ​ | ThUS$
SQM Vitas Fzco. |  | 9,606 |  | — |  | 215 |  | — |  | — |  | 159 |  | — |  | 159
SQM Vitas Brasil Agroindustria |  | 73,500 |  | 4,846 |  | 68,794 |  | — |  | 103,335 |  | 9,165 |  | (858) |  | 8,307
SQM Vitas Perú S.A.C. |  | 28,610 |  | 7,347 |  | 24,473 |  | 828 |  | 48,128 |  | 3,289 |  | — |  | 3,289
Pavoni & C. Spa |  | 12,885 |  | 6,714 |  | 11,226 |  | 725 |  | 19,599 |  | 347 |  | (634) |  | (287)
Covalent Lithium Pty Ltd. |  | 3,904 |  | 2,636 |  | 7,498 |  | 1,489 |  | — |  | (864) |  | 74 |  | (790)
Total |  | 128,505 |  | 21,543 |  | 112,206 |  | 3,042 |  | 171,062 |  | 12,096 |  | (1,418) |  | 10,678
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | As of December 31, 2020 |  | For the year ended December 31, 2020
​ | ​ | Assets | ​ | Liabilities | ​ | ​ | ​ | ​ | ​ | Other | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | comprehensive | ​ | Comprehensive
Joint Venture |  | Current |  | Non-current |  | Current |  | Non-current |  | Revenue |  | Net income (loss) |  | income |  | income
​ | ​ | ThUS$ | ​ | ThUS$ | ​ | ThUS$ | ​ | ThUS$ | ​ | ThUS$ | ​ | ThUS$ | ​ | ThUS$ | ​ | ThUS$
Sichuan SQM Migao Chemical Fertilizers Co Ltd. | ​ | 29,507 | ​ | 4,412 | ​ | 14,156 | ​ | — | ​ | 9 | ​ | (562) | ​ | — | ​ | (562)
SQM Vitas Fzco. |  | (496) |  | 20,431 |  | 496 |  | — |  | — |  | 4,019 |  | — |  | 4,019
SQM Vitas Brasil Agroindustria |  | 40,064 |  | 5,527 |  | 33,410 |  | — |  | 78,960 |  | 2,036 |  | (2,938) |  | (902)
SQM Vitas Perú S.A.C. |  | 34,548 |  | 7,928 |  | 33,145 |  | 1,080 |  | 37,591 |  | 1,319 |  | — |  | 1,319
Pavoni & C. Spa |  | 10,645 |  | 7,493 |  | 9,270 |  | 836 |  | 15,958 |  | 16 |  | 698 |  | 714
Covalent Lithium Pty Ltd. |  | 1,418 |  | 2,131 |  | 2,823 |  | 910 |  | — |  | (232) |  | 33 |  | (199)
Total |  | 115,686 |  | 47,922 |  | 93,300 |  | 2,826 |  | 132,518 |  | 6,596 |  | (2,207) |  | 4,389
​
Schedule of other joint venture information | 8.3Other joint venture disclosures
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Cash and cash equivalents |  | Other current financial liabilities |  | Other non-current financial liabilities
​ | ​ | As of | ​ | As of | ​ | As of | ​ | As of | ​ | As of | ​ | As of
​ | ​ | December 31, | ​ | December 31, | ​ | December 31, | ​ | December 31, | ​ | December 31, | ​ | December 31,
Joint Venture |  | 2022 |  | 2021 |  | 2022 |  | 2021 |  | 2022 |  | 2021
​ | ​ | ThUS$ | ​ | ThUS$ | ​ | ThUS$ | ​ | ThUS$ | ​ | ThUS$ | ​ | ThUS$
SQM Vitas Fzco. |  | 3,866 |  | 4,115 |  | 9,753 |  | — |  | — |  | —
SQM Vitas Brasil Agroindustria |  | 3,820 |  | 4,132 |  | 82 |  | 10,416 |  | — |  | —
SQM Vitas Perú S.A.C. |  | 2,208 |  | 380 |  | 4,951 |  | 238 |  | 117 |  | 289
Pavoni & C. Spa |  | 1,088 |  | 787 |  | 494 |  | 7,561 |  | — |  | —
Covalent Lithium Pty Ltd. |  | 1,931 |  | 3,858 |  | — |  | 980 |  | — |  | —
Total |  | 12,913 |  | 13,272 |  | 15,280 |  | 19,195 |  | 117 |  | 289
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Depreciation and amortization expense |  | Interest expense |  | Income tax benefit (expense)
​ | ​ | for the year ending | ​ | for the year ending | ​ | for the year ending
​ | ​ | As of | ​ | As of | ​ | As of | ​ | As of | ​ | As of | ​ | As of
​ | ​ | December 31, | ​ | December 31, | ​ | December 31, | ​ | December 31, | ​ | December 31, | ​ | December 31,
Joint Venture |  | 2022 |  | 2021 |  | 2022 |  | 2021 |  | 2022 |  | 2021
​ | ​ | ThUS$ | ​ | ThUS$ | ​ | ThUS$ | ​ | ThUS$ | ​ | ThUS$ | ​ | ThUS$
SQM Vitas Fzco. |  | — |  | — |  | (1) |  | (1) |  | — |  | —
SQM Vitas Brasil Agroindustria |  | (331) |  | (278) |  | (333) |  | (367) |  | (3,164) |  | (1,985)
SQM Vitas Perú S.A.C. |  | (360) |  | (354) |  | (298) |  | (311) |  | (2,370) |  | (1,692)
Pavoni & C. Spa |  | (183) |  | (245) |  | (347) |  | (459) |  | (459) |  | (173)
Covalent Lithium Pty Ltd. |  | (176) |  | (167) |  | (40) |  | (55) |  | 1,094 |  | 343
Total |  | (1,050) |  | (1,044) |  | (1,019) |  | (1,193) |  | (4,899) |  | (3,507)
​

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