Importing from Chile

Chile Import Guide | Trade Finance Global

Importing from Chile

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.

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

Country Exports Profile

Exports ($m USD)

69,229

Number of Export Products

3,67

Number of Export Partners

181

Top 5 export partners

Country

Trade

% Partner Share

China

19,091

27.58

United States

9,997

14.44

Japan

6,445

9.31

Korea, Rep.

4,286

6.19

Brazil

3,44

4.97

Top 5 Export Products at HS 6 digit level

Export Product

Number

Copper ores and concentrates

25.1%

Copper cathodes and sections of cathodes unwrou

21.3%

Copper unrefined, copper anodes for electrolyti

3.8%

Wine (not sparkling); grape must with by alcoho

3.8%

Fresh grapes

3.5%

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%

Importing from Chile: What is trade finance?

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.

Information

Importing from Chile? Contact our local experts

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

Currency in Chile

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