XML 192 R119.htm IDEA: XBRL DOCUMENT v3.25.1

Financial instruments - Fair Value Measurement of Assets and Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Financial instruments [Line Items]
Financial Liabilities	$ 6,720,820	$ 5,611,180
Level 1 | Bank borrowings
Financial instruments [Line Items]
Financial Liabilities	0	0
Level 1 | Forwards
Financial instruments [Line Items]
Financial Liabilities	0	0
Level 1 | Options
Financial instruments [Line Items]
Financial Liabilities	0	0
Level 1 | Hedging assets – Swaps
Financial instruments [Line Items]
Financial Liabilities	0	0
Level 1 | Swaps hedges, investments
Financial instruments [Line Items]
Financial Liabilities	0	0
Level 1 | Cash Flow
Financial instruments [Line Items]
Financial Liabilities	0	0
Level 1 | Unsecured obligations
Financial instruments [Line Items]
Financial Liabilities	0	0
Level 1 | Bank borrowings
Financial instruments [Line Items]
Financial Liabilities	0	0
Level 1 | Unsecured obligations
Financial instruments [Line Items]
Financial Liabilities	0	0
Level 1 | Non-current hedging liabilities
Financial instruments [Line Items]
Financial Liabilities	0	0
Level 2 | Bank borrowings
Financial instruments [Line Items]
Financial Liabilities	848,800	1,164,262
Level 2 | Forwards
Financial instruments [Line Items]
Financial Liabilities	182	14,525
Level 2 | Options
Financial instruments [Line Items]
Financial Liabilities	236	270
Level 2 | Hedging assets – Swaps
Financial instruments [Line Items]
Financial Liabilities	7,316	12,143
Level 2 | Swaps hedges, investments
Financial instruments [Line Items]
Financial Liabilities	0	18,300
Level 2 | Cash Flow
Financial instruments [Line Items]
Financial Liabilities	0	0
Level 2 | Unsecured obligations
Financial instruments [Line Items]
Financial Liabilities	313,107	46,999
Level 2 | Bank borrowings
Financial instruments [Line Items]
Financial Liabilities	136,000	295,518
Level 2 | Unsecured obligations
Financial instruments [Line Items]
Financial Liabilities	3,502,236	2,909,485
Level 2 | Non-current hedging liabilities
Financial instruments [Line Items]
Financial Liabilities	21,440	8,419
Level 3 | Bank borrowings
Financial instruments [Line Items]
Financial Liabilities	0	0
Level 3 | Forwards
Financial instruments [Line Items]
Financial Liabilities	0	0
Level 3 | Options
Financial instruments [Line Items]
Financial Liabilities	0	0
Level 3 | Hedging assets – Swaps
Financial instruments [Line Items]
Financial Liabilities	0	0
Level 3 | Swaps hedges, investments
Financial instruments [Line Items]
Financial Liabilities	0	0
Level 3 | Cash Flow
Financial instruments [Line Items]
Financial Liabilities	0	0
Level 3 | Unsecured obligations
Financial instruments [Line Items]
Financial Liabilities	0	0
Level 3 | Bank borrowings
Financial instruments [Line Items]
Financial Liabilities	0	0
Level 3 | Unsecured obligations
Financial instruments [Line Items]
Financial Liabilities	0	0
Level 3 | Non-current hedging liabilities
Financial instruments [Line Items]
Financial Liabilities	0	0
Fair value (disclosure purposes) | Bank borrowings
Financial instruments [Line Items]
Financial Liabilities	848,800	1,164,262
Fair value (disclosure purposes) | Forwards
Financial instruments [Line Items]
Financial Liabilities	0	0
Fair value (disclosure purposes) | Options
Financial instruments [Line Items]
Financial Liabilities	0	0
Fair value (disclosure purposes) | Hedging assets – Swaps
Financial instruments [Line Items]
Financial Liabilities	0	0
Fair value (disclosure purposes) | Swaps hedges, investments
Financial instruments [Line Items]
Financial Liabilities	0	0
Fair value (disclosure purposes) | Cash Flow
Financial instruments [Line Items]
Financial Liabilities	0	0
Fair value (disclosure purposes) | Unsecured obligations
Financial instruments [Line Items]
Financial Liabilities	313,107	46,999
Fair value (disclosure purposes) | Bank borrowings
Financial instruments [Line Items]
Financial Liabilities	136,000	295,518
Fair value (disclosure purposes) | Unsecured obligations
Financial instruments [Line Items]
Financial Liabilities	3,502,236	2,909,485
Fair value (disclosure purposes) | Non-current hedging liabilities
Financial instruments [Line Items]
Financial Liabilities	0	0
Fair amount registered | Bank borrowings
Financial instruments [Line Items]
Financial Liabilities	0	0
Fair amount registered | Forwards
Financial instruments [Line Items]
Financial Liabilities	182	14,525
Fair amount registered | Options
Financial instruments [Line Items]
Financial Liabilities	236	270
Fair amount registered | Hedging assets – Swaps
Financial instruments [Line Items]
Financial Liabilities	7,316	12,143
Fair amount registered | Swaps hedges, investments
Financial instruments [Line Items]
Financial Liabilities	0	18,300
Fair amount registered | Cash Flow
Financial instruments [Line Items]
Financial Liabilities	0	0
Fair amount registered | Unsecured obligations
Financial instruments [Line Items]
Financial Liabilities	0	0
Fair amount registered | Bank borrowings
Financial instruments [Line Items]
Financial Liabilities	0	0
Fair amount registered | Unsecured obligations
Financial instruments [Line Items]
Financial Liabilities	0	0
Fair amount registered | Non-current hedging liabilities
Financial instruments [Line Items]
Financial Liabilities	21,440	8,419
Cash and cash equivalents | Level 1
Financial instruments [Line Items]
Financial Assets	1,377,851	1,041,369
Cash and cash equivalents | Level 2
Financial instruments [Line Items]
Financial Assets	0	0
Cash and cash equivalents | Level 3
Financial instruments [Line Items]
Financial Assets	0	0
Cash and cash equivalents | Fair value (disclosure purposes)
Financial instruments [Line Items]
Financial Assets	1,377,851	1,041,369
Cash and cash equivalents | Fair amount registered
Financial instruments [Line Items]
Financial Assets	0	0
Time deposits | Level 1
Financial instruments [Line Items]
Financial Assets	0	0
Time deposits | Level 2
Financial instruments [Line Items]
Financial Assets	1,061,262	1,316,797
Time deposits | Level 3
Financial instruments [Line Items]
Financial Assets	0	0
Time deposits | Fair value (disclosure purposes)
Financial instruments [Line Items]
Financial Assets	1,061,262	1,316,797
Time deposits | Fair amount registered
Financial instruments [Line Items]
Financial Assets	0	0
Derivative financial instruments | Level 1
Financial instruments [Line Items]
Financial Assets	0
Financial Liabilities	0	0
Derivative financial instruments | Level 2
Financial instruments [Line Items]
Financial Assets	0
Financial Liabilities	0	0
Derivative financial instruments | Level 3
Financial instruments [Line Items]
Financial Liabilities	0	0
Derivative financial instruments | Fair value (disclosure purposes)
Financial instruments [Line Items]
Financial Assets	0
Financial Liabilities	0	0
Derivative financial instruments | Fair amount registered
Financial instruments [Line Items]
Financial Assets	0
Financial Liabilities	0	0
Forwards | Level 1
Financial instruments [Line Items]
Financial Assets	0	0
Forwards | Level 2
Financial instruments [Line Items]
Financial Assets	2,615	324
Forwards | Level 3
Financial instruments [Line Items]
Financial Assets	0	0
Forwards | Fair value (disclosure purposes)
Financial instruments [Line Items]
Financial Assets	0	0
Forwards | Fair amount registered
Financial instruments [Line Items]
Financial Assets	2,615	324
Options | Level 1
Financial instruments [Line Items]
Financial Assets	0	0
Options | Level 2
Financial instruments [Line Items]
Financial Assets	313	195
Options | Level 3
Financial instruments [Line Items]
Financial Assets	0	0
Options | Fair value (disclosure purposes)
Financial instruments [Line Items]
Financial Assets	0	0
Options | Fair amount registered
Financial instruments [Line Items]
Financial Assets	313	195
Hedging assets | Level 1
Financial instruments [Line Items]
Financial Assets	0	0
Hedging assets | Level 2
Financial instruments [Line Items]
Financial Assets	0	8,527
Hedging assets | Level 3
Financial instruments [Line Items]
Financial Assets	0	0
Hedging assets | Fair value (disclosure purposes)
Financial instruments [Line Items]
Financial Assets	0	0
Hedging assets | Fair amount registered
Financial instruments [Line Items]
Financial Assets	0	8,527
Swaps | Level 1
Financial instruments [Line Items]
Financial Assets	0	0
Swaps | Level 2
Financial instruments [Line Items]
Financial Assets	15,405	0
Swaps | Level 3
Financial instruments [Line Items]
Financial Assets	0	0
Swaps | Fair value (disclosure purposes)
Financial instruments [Line Items]
Financial Assets	0	0
Swaps | Fair amount registered
Financial instruments [Line Items]
Financial Assets	15,405	0
Non-current accounts receivable | Level 1
Financial instruments [Line Items]
Financial Assets	0	0
Non-current accounts receivable | Level 2
Financial instruments [Line Items]
Financial Assets	0	0
Non-current accounts receivable | Level 3
Financial instruments [Line Items]
Financial Assets	0	0
Non-current accounts receivable | Fair value (disclosure purposes)
Financial instruments [Line Items]
Financial Assets	2,727	2,559
Non-current accounts receivable | Fair amount registered
Financial instruments [Line Items]
Financial Assets	0	0
Others | Level 1
Financial instruments [Line Items]
Financial Assets	0	0
Others | Level 2
Financial instruments [Line Items]
Financial Assets	20	20
Others | Level 3
Financial instruments [Line Items]
Financial Assets	0	0
Others | Fair value (disclosure purposes)
Financial instruments [Line Items]
Financial Assets	20	20
Others | Fair amount registered
Financial instruments [Line Items]
Financial Assets	0	0
Equity instruments | Level 1
Financial instruments [Line Items]
Financial Assets	57,756	232,268
Equity instruments | Level 2
Financial instruments [Line Items]
Financial Assets	0	0
Equity instruments | Level 3
Financial instruments [Line Items]
Financial Assets	0	0
Equity instruments | Fair value (disclosure purposes)
Financial instruments [Line Items]
Financial Assets	0	0
Equity instruments | Fair amount registered
Financial instruments [Line Items]
Financial Assets	57,756	232,268
Hedging assets – Swaps | Level 1
Financial instruments [Line Items]
Financial Assets	2,930	15,993
Hedging assets – Swaps | Level 2
Financial instruments [Line Items]
Financial Assets	0	0
Hedging assets – Swaps | Level 3
Financial instruments [Line Items]
Financial Assets	0	0
Hedging assets – Swaps | Fair value (disclosure purposes)
Financial instruments [Line Items]
Financial Assets	0	0
Hedging assets – Swaps | Fair amount registered
Financial instruments [Line Items]
Financial Assets	2,930	15,993
Carrying amount
Financial instruments [Line Items]
Financial Liabilities	5,384,320	5,028,400
Carrying amount | Bank borrowings
Financial instruments [Line Items]
Financial Liabilities	847,963	1,164,262
Carrying amount | Derivative financial instruments
Financial instruments [Line Items]
Financial Liabilities	0	0
Carrying amount | Forwards
Financial instruments [Line Items]
Financial Liabilities	0	0
Carrying amount | Options
Financial instruments [Line Items]
Financial Liabilities	0	0
Carrying amount | Hedging assets – Swaps
Financial instruments [Line Items]
Financial Liabilities	0	0
Carrying amount | Swaps hedges, investments
Financial instruments [Line Items]
Financial Liabilities	0	0
Carrying amount | Cash Flow
Financial instruments [Line Items]
Financial Liabilities	0	0
Carrying amount | Unsecured obligations
Financial instruments [Line Items]
Financial Liabilities	307,771	46,999
Carrying amount | Bank borrowings
Financial instruments [Line Items]
Financial Liabilities	129,683	295,518
Carrying amount | Unsecured obligations
Financial instruments [Line Items]
Financial Liabilities	3,449,459	2,909,485
Carrying amount | Non-current hedging liabilities
Financial instruments [Line Items]
Financial Liabilities	0	0
Carrying amount | Cash and cash equivalents
Financial instruments [Line Items]
Financial Assets	1,377,851	1,041,369
Carrying amount | Time deposits
Financial instruments [Line Items]
Financial Assets	1,061,262	1,316,797
Carrying amount | Derivative financial instruments
Financial instruments [Line Items]
Financial Assets	0
Carrying amount | Forwards
Financial instruments [Line Items]
Financial Assets	0	0
Carrying amount | Options
Financial instruments [Line Items]
Financial Assets	0	0
Carrying amount | Hedging assets
Financial instruments [Line Items]
Financial Assets	0	0
Carrying amount | Swaps
Financial instruments [Line Items]
Financial Assets	0	0
Carrying amount | Non-current accounts receivable
Financial instruments [Line Items]
Financial Assets	2,727	2,559
Carrying amount | Others
Financial instruments [Line Items]
Financial Assets	20	20
Carrying amount | Equity instruments
Financial instruments [Line Items]
Financial Assets	0	0
Carrying amount | Hedging assets – Swaps
Financial instruments [Line Items]
Financial Assets	$ 0	$ 0

X

- Definition

The amount of assets that are: (a) cash; (b) an equity instrument of another entity; (c) a contractual right: (i) to receive cash or another financial asset from another entity; or (ii) to exchange financial assets or financial liabilities with another entity under conditions that are potentially favourable to the entity; or (d) a contract that will, or may be, settled in the entity’s own equity instruments and is: (i) a non-derivative for which the entity is, or may be, obliged to receive a variable number of the entity’s own equity instruments; or (ii) a derivative that will, or may be, settled other than by the exchange of a fixed amount of cash or another financial asset for a fixed number of the entity’s own equity instruments. For this purpose the entity’s own equity instruments do not include puttable financial instruments classified as equity instruments in accordance with paragraphs 16A-16B of IAS 32, instruments that impose on the entity an obligation to deliver to another party a pro rata share of the net assets of the entity only on liquidation and are classified as equity instruments in accordance with paragraphs 16C-16D of IAS 32, or instruments that are contracts for the future receipt or delivery of the entity’s own equity instruments. [Refer: Classes of financial instruments [domain]; Financial liabilities]

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Name IFRS
-Number 7
-IssueDate 2024-01-01
-Paragraph 25
-URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=7&code=ifrs-tx-2024-en-r&anchor=para_25&doctype=Standard
-URIDate 2024-03-27

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Name IFRS
-Number 7
-IssueDate 2024-01-01
-Paragraph 35H
-URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=7&code=ifrs-tx-2024-en-r&anchor=para_35H&doctype=Standard
-URIDate 2024-03-27

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Name IFRS
-Number 7
-IssueDate 2024-01-01
-Paragraph 35M
-URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=7&code=ifrs-tx-2024-en-r&anchor=para_35M&doctype=Standard
-URIDate 2024-03-27

Reference 4: http://www.xbrl.org/2003/role/exampleRef
-Name IFRS
-Number 7
-IssueDate 2024-01-01
-Paragraph 35N
-URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=7&code=ifrs-tx-2024-en-r&anchor=para_35N&doctype=Standard
-URIDate 2024-03-27

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Name IFRS
-Number 7
-IssueDate 2024-01-01
-Paragraph 35I
-URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=7&code=ifrs-tx-2024-en-r&anchor=para_35I&doctype=Standard
-URIDate 2024-03-27

+ Details

Name:	ifrs-full_FinancialAssets
Namespace Prefix:	ifrs-full_
Data Type:	xbrli:monetaryItemType
Balance Type:	debit
Period Type:	instant

X

- Definition

The amount of liabilities that are: (a) a contractual obligation: (i) to deliver cash or another financial asset to another entity; or (ii) to exchange financial assets or financial liabilities with another entity under conditions that are potentially unfavourable to the entity; or (b) a contract that will, or may be, settled in the entity’s own equity instruments and is: (i) a non-derivative for which the entity is, or may be, obliged to deliver a variable number of the entity’s own equity instruments; or (ii) a derivative that will, or may be, settled other than by the exchange of a fixed amount of cash or another financial asset for a fixed number of the entity’s own equity instruments. For this purpose, rights, options or warrants to acquire a fixed number of the entity’s own equity instruments for a fixed amount of any currency are equity instruments if the entity offers the rights, options or warrants pro rata to all of its existing owners of the same class of its own non-derivative equity instruments. Also, for those purposes the entity’s own equity instruments do not include puttable financial instruments that are classified as equity instruments in accordance with paragraphs 16A-16B of IAS 32, instruments that impose on the entity an obligation to deliver to another party a pro rata share of the net assets of the entity only on liquidation and are classified as equity instruments in accordance with paragraphs 16C-16D of IAS 32, or instruments that are contracts for the future receipt or delivery of the entity’s own equity instruments. As an exception, an instrument that meets the definition of a financial liability is classified as an equity instrument if it has all the features and meets the conditions in paragraphs 16A-16B or paragraphs 16C-16D of IAS 32. [Refer: Classes of financial instruments [domain]; Financial assets; Derivatives [member]]

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Name IFRS
-Number 7
-IssueDate 2024-01-01
-Paragraph 25
-URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=7&code=ifrs-tx-2024-en-r&anchor=para_25&doctype=Standard
-URIDate 2024-03-27

+ Details

Name:	ifrs-full_FinancialLiabilities
Namespace Prefix:	ifrs-full_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	instant

X

- Definition

Financial instruments [Line Items]

+ References

No definition available.

+ Details

Name:	sqm_FinancialInstrumentsLineItems
Namespace Prefix:	sqm_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Details

Name:	ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_Level1OfFairValueHierarchyMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	ifrs-full_ClassesOfFinancialLiabilitiesAxis=sqm_ShortTermBankBorrowingsMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	ifrs-full_ClassesOfFinancialLiabilitiesAxis=sqm_ForwardsMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	ifrs-full_ClassesOfFinancialLiabilitiesAxis=sqm_OptionsMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	ifrs-full_ClassesOfFinancialLiabilitiesAxis=sqm_HedgingSwapsMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	ifrs-full_ClassesOfFinancialLiabilitiesAxis=sqm_SwapsHedgesInvestmentsMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	ifrs-full_ClassesOfFinancialLiabilitiesAxis=ifrs-full_CashFlowHedgesMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	ifrs-full_ClassesOfFinancialLiabilitiesAxis=sqm_UnsecuredObligationsMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	ifrs-full_ClassesOfFinancialLiabilitiesAxis=sqm_LongTermBankBorrowingsMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	ifrs-full_ClassesOfFinancialLiabilitiesAxis=sqm_NonCurrentBondsIssuedMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	ifrs-full_ClassesOfFinancialLiabilitiesAxis=sqm_HedgingLiabilitiesNonCurrentMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_Level2OfFairValueHierarchyMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_Level3OfFairValueHierarchyMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	ifrs-full_MeasurementAxis=sqm_FairValueInformativeMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	ifrs-full_MeasurementAxis=sqm_FairValueMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	ifrs-full_CategoriesOfFinancialAssetsAxis=sqm_CashAndCashEquivalentMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	ifrs-full_CategoriesOfFinancialAssetsAxis=sqm_TimeDepositsMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	ifrs-full_CategoriesOfFinancialAssetsAxis=sqm_DerivativeInstrumentsMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	ifrs-full_CategoriesOfFinancialAssetsAxis=sqm_ForwardsMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	ifrs-full_CategoriesOfFinancialAssetsAxis=sqm_OptionsMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	ifrs-full_CategoriesOfFinancialAssetsAxis=sqm_HedgingAssetsMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	ifrs-full_CategoriesOfFinancialAssetsAxis=sqm_SwapsMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	ifrs-full_CategoriesOfFinancialAssetsAxis=sqm_NonCurrentTradeReceivablesMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	ifrs-full_CategoriesOfFinancialAssetsAxis=sqm_OthersMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	ifrs-full_CategoriesOfFinancialAssetsAxis=sqm_EquityInstrumentsMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	ifrs-full_CategoriesOfFinancialAssetsAxis=sqm_HedgingSwapsMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis=ifrs-full_GrossCarryingAmountMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	ifrs-full_ClassesOfFinancialLiabilitiesAxis=sqm_DerivativeInstrumentsMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type: