Exports and Investments
Chile is not only the best-evaluated economy in Latin America but also one of the best-evaluated emerging economies internationally.
- An internationally integrated country: Chile has 26 trade agreements with 64 markets, expanding its domestic market from 16.6 million inhabitants to one of 4.3 billion potential consumers worldwide (accounting for 86.3% of global GDP).
- A competitive country: in the 2018-2019 Global Competitiveness Index published by the World Economic Forum, Chile ranked 33rd out of 140 economies, first in Latin America.
- An attractive business climate: According to the World Bank's Doing Business 2018 report, Chile is one of the Latin American countries with the best facilities for doing business. It ranked 55th out of 190 economies.
- A globally connected country: Chile has world-class highways and telecommunications services, with high technology penetration and excellent connectivity. In the 2016 Network Readiness Index published by the World Economic Forum (WEF), it ranked 38th out of 139 economies, first in Latin America.
- A talented country: Chile stands out not only for its high-level professionals, but also as home to two of the universities that, according to the latest Academic Ranking of World Universities (ARWU), are among the top ten in Latin America. It also ranked 33rd out of 119 economies in the 2018 Global Talent Competitiveness Index reported by Adecco Group, INSEAD and Tata Communications.
Its distinctive seal of stability, transparency and competitiveness and excellent business prospects position the country not only as the best destination for foreign investment in Latin America but also as one of the most important destinations in the world.
In the first half of 2018, foreign direct investment (FDI) in Chile performed positively. According to the Central Bank, net inflows reached US$4.716 billion, representing a 206% increase over the same period in 2017.
In a complex international context, Chilean exports continue to grow, and in the first eight months of 2018 they reached US$51.4 billion, an increase of 17% compared to the same period in 2017, when shipments of US$44 billion were recorded. In 2017, a total of 8,167 Chilean companies exported their goods and services.
Chile is the world’s biggest exporter of 20 products
In the mining sector, it continues to be the largest exporter of copper cathodes and ore, and it is also the largest exporter of lithium carbonate, iodine, potassium nitrates, nitrogenous mineral fertilizers and molybdenum.
In terms of the forestry industry, Chile ranks as the largest exporter of chemical pulp from conifers (raw) and coniferous wood moldings.
And as for non-traditional exports, Chile stands out as the largest exporter of fresh grapes, fresh blueberries, fresh plums, dehydrated apples, prunes, canned mussels, preserved and frozen sea urchins, fresh and frozen salmon fillets, frozen trout fillets and seaweed for industrial use.
Most exported products (non-traditional)
Wine, fruit and salmon
- In 2017, China imported a total of US$2.8 billion in wine, with its main suppliers being France (39%), Australia (26%), and Chile (12%).
- Chile has succeeded in becoming the third largest wine supplier to China, bypassing traditional suppliers, such as Spain and Italy.
- In 2017, Chile was the main supplier of fresh cherries in China. In fact, 70% of the cherries imported by China were from Chile.
- Chile also positioned itself as China's largest supplier of nectarines, blueberries and avocados.
- In 2017, Chile was also the largest supplier of fresh salmon fillets to the United States, with a 70% share of the total imported by the US, ahead of traditional suppliers, such as Norway and Canada.
Trade with APEC economies
- 69% of Chilean exports go to the APEC region
- 59% of Chile's imports come from APEC
- 58% of investments in Chile come from the APEC region
- Chilean exports to APEC have grown 8% per year since 1994.