Exporting to Chile

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Exporting to Chile

In a report presented by the Banco Central de Chile, the country averaged $2,755.71 million from 1991 until 2016 in terms of imports. The imports’ lowest point was $492.60 million in February 1991 and the highest point was reached in October 2012 at $7,875.12 million. On average, Chile’s imports from 1991 until 2016 is $2,755.71 million.

Chile’s primary import commodities are composed of petroleum products and fuel at 13% of the total imports, 7% comprising machinery and parts and cars, computers, mobile phones with 10%, chemicals made up 6% and metal products at 5%.
Out of all Chile’s major import partners, China and the United States both receive 20% of the total imports, Brazil obtains 9%, while Argentina, South Korea and Germany at 4% each.

Chile Country Profile

Official Name (Local Language) República de Chile
Capital Santiago
Population 17,650,114
Currency Chilean Peso
GDP $234.9 billion
Languages Spanish
Telephone Dial In 56

Chile Imports Profile

Imports ($m USD)

65,062

Number of Import Products

4,318

Number of Import Partners

183

Top 5 import partners

Country

Trade

% Partner Share

China

15,505

23.83

United States

11,742

18.05

Brazil

5,607

8.62

Argentina

2,925

4.50

Germany

2,65

04.07

Top 5 Import Products at HS 6 digit level

Export Product

Number

Petroleum oils, etc, (excl. crude); preparation

6.5%

Petroleum oils and oils obtained from bituminou

5.9%

Transmission apparatus, for radioteleph incorpo

4.8%

Automobiles with reciprocating piston engine di

4.0%

Diesel powered trucks with a GVW not exceeding

3.6%

Chart Showing GDP Growth Compared to rest of world

GDP Composition for Chile

Agriculture

%

Product List

4%

Grapes, apples, pears, onions, wheat, corn, oats, peaches, garlic, asparagus, beans; beef, poultry, wool; fish; timber

Industry

%

Industry List

32.4%

Copper, lithium, other minerals, foodstuffs, fish processing, iron and steel, wood and wood products, transport equipment, cement, textiles

Services

%

Services List

63.6%

Exporting to Chile: What is trade finance?

The nation’s major export items would include refine copper ($19 billion), copper ore ($18 billion), and sulfate chemical wood pulp ($2.9 billion) and fish fillets ($2 billion). Apart from these commodities, Chile also exports fruits, paper and pulp, wine and chemicals to other countries. Some of Chile’s export partners would include China ($19 billion), the United States ($10 billion), Japan ($8 billion) and Brazil ($4 billion). The export industry of Chile comprises 40% of the nation’s GDP and more of 75% of Chile’s shipments are export commodities.

Information

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    Chile Economic Statistics

    Government Website

    http://www.gob.cl/

    Sovereign Ratings

    https://countryeconomy. com/ratings/chile

    Central Bank

    Banco Central de Chile

    Currency USD Exchange Rate

    673.2

    Unemployment Rate

    0,07

    Population below poverty line

    14.4%

    Inflation Rate

    4.1%

    Prime Lending Rate

    3.35%

    GDP

    $234.9 billion

    GDP Pro Capita (PPP)

    $24,000

    Currency Name

    Chilean Peso

    Currency Code

    CLP

    World Bank Classification

    High Income

    Competitive Industrial Performance

    33/138

    Corruption Perceptions Index

    26/180

    Ease of Doing Business

    56/190

    Enabling Trade Index

    21/136

    Chile

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