Chile Business Opportunities

flag chileChile is a market-oriented economy characterized by a high level of foreign trade.  The country features the longest coastline of any country in the world.

Map of Argentina
Key Industries:
Copper and Other Minerals, Iron and Steel, Lithium, Wood and Wood Products, Transport Equipment, Cement, Textiles, Food Stuffs, Fish Processing
Key Imports:
Petroleum and Petroleum Products, Chemicals, Electrical and Telecommunications Equipment, Industrial Machinery, Vehicles, Natural Gas
Key Exports:
Copper, Fruit, Fish Products, Paper and Pulp, Chemicals, Wine

Trade Environment

Chile Trade EnvironmentIn 2017, the Country’s leading markets for exports were China 28.6%, Japan 8.6%, U.S. 14.1%, Brazil 5.0% and South Korea 6.9%.  Its leading suppliers were U.S. 14.7 %, China 24.3%, Argentina 4.4% and Brazil 9.3%.

Chile's commitment to trade liberalization continued with the signing of a free trade agreement with the US, which took effect on 1 January 2004.  It claims to have more bilateral or regional trade agreements than any other country (22 agreements), with 60 such agreements (not all of them full free trade agreements); agreements include the European Union, Mercosur, China, India, South Korea, and Mexico.

 

Business and Market Sector Opportunities

Energy • Industrial Products • Communications • Consumer Goods • Aviation • Gas • Water

Economic Background and Situation

Chile Trade EnvironmentBetween 2000 and 2007, growth ranged between 2%-6%. Throughout this period Chile maintained a low rate of inflation with GDP growth coming from copper prices, export earnings (particularly forestry, fishing, and mining), and growing domestic consumption.

Chile continues to attract foreign direct investment, with most foreign investment going into gas, water, electricity, and mining.

A new President, Mr. Pinero, took office in March 2018.

Additional Resources:
American Chamber of Commerce Chile
Mercosur
Andean Trade Pact

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Chile Fast Facts

Capital: Santiago
Key Cities: Concepcion, Arica, Iquique, Valparaiso
Population 17.8 million ('17 E)
GDP Growth % 1.4 (‘17 E)
1.6 (‘16 E)
GDP 452.1 billion US$ ('17E)
GDP per Capita 24,600 US$ ('17E)
Inflation Rate (%) 2.3 (’17 E) 
Exports 64.5 (’17 E) billion US$
Imports   59.9 (’17 E) billion US$
Exchange Rate
Local Currency-US$
653.9 (’17 E)
E = Estimate F = Forecast

 

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