Chile

Chile

pooja
Pooja Udagacve

Country Expert

Chile Statistics

Chile has an countless Business opportunities. No Country signed more Free Trade Agreements than Chile . Currently, Chile has 26 international agreements and treaties regarding double taxation with 64 markets. Chile gets these Free Trade Agreements allow privileged tariffs with 86.3% of the global GBP. Chile was the first nation in South America to join the Organization for Economic Co-operation and Development (OECD). Chile is the Mining industry’s world leader. The tourism industry is growing and more people are admiring the beauty of this diverse location The Chilean government is aimed at fostering an open market economy and continuing to improve business-friendly policies. Chile is a perfect country to incorporate, due to its strong connectivity with global markets.
From its position on the North Sea and the Baltic Sea in the north, Germany has easy access to the Nordic countries and the United KingdoaThe climate diversity and fertile soil has made agricultural production one of Chile’s key industries. Chile has 29% of the world’s reserves of copper, 16% of molybdenum, 15% of silver, 7% of gold and 54% of the world’s reserves of lithium. The metals account for nearly one third of all Chilean exports. The top 3 export partners are China, followed by the U.S. and Japan.m. Germany’s capital is Berlin which is the country’s largest city in terms of area and one of the most influential centres in European politics and culture.
1
USD billion
1 crores
Population (2019)
1 km.sq
Area
Import Of Chile:

Imports include automobiles and other vehicles, fuels, minerals and oil, machinery, transmission apparatus, medicines, beef meat, transport
Main Import Countries

Export Of Chile:

The country exports products mainly copper (50% of its exports), chemical wood pulp, fish filets and other fish meat, wine; transport and travel.
Main Export Countries

Major Sectors

Mining industry Food processing Agricultural Machinery and Equipment Travel and Tourism

Chile's mining sector accounted for almost 10 per cent of the gross domestic product ( GDP) of the country in 2018. These sector is a major contributor to Chile's GDP has increased in the last ten years, with a share of approximately 16 percent. The market value of mining in Chile in 2018 was reported to be over one billion US dollars. Codelco, Chile's largest global copper mining group, posted sales of approximately US$ 12.5 billion in 2019, down from more than US$ 14.3 billion a year earlier. The industry accounts for about 50 per cent of the total exports of the country. The average copper rate in 2018 was USD 2.93 / lb. In 2019, copper prices dropped within the range of US$ 2.57-US$ 2.98 / lb. Projections of industrial capital outlay in the sector for the period 2017-2024 are in the range of US$ 25-US$ 30 billion.

Chile is one of the world's top ten agricultural exporters. The major agricultural exports including wine, fresh fruit, milk , meat, and fishery products. Farming industry including agricultural products s responsible for 28 % of Chile 's overall trade, 11 % of its total gross domestic product, and 10 %of the country's national labor force. Chile is the world's largest exporter of fresh table grapes, blueberries, prunes, frozen salmon fillets and dehydrated apples. Chile has a modern and developed food processing industry with annual sales of $34 billion and an annual growth rate of 6.6 per cent. According to the National Institute of Statistics (INE), the Chilean food retail sector made up largely 1,371 stores in 2018, including hypermarkets , supermarkets and other small food retail stores with at least three checkouts, and 50 percent are located in the Metropolitan Region. Supermarkets have the largest market share for food sales in Chile. This holds 48.2% of total food sales, mid-sized supermarkets hold 12.1% of total sales and supermarkets hold 21.2% of market share.

Agriculture is one of Chile's key economic operations, accounting for 28 percent of the country's foreign trade and 11 percent of its overall GDP. Nearly 10 per cent of the labor force in the country is involved in agriculture and related services. Chile's economy is driven by exports, primarily concentrated in copper and its agricultural sectors: fresh fruit, forestry , and fisheries.The agriculture sector is projected to grow by approximately 5% in 2020.
Agricultural growth incresed 9.5% in 2015, and 3.7% in 2016 mainly due to low production of livestock and poultry, and low crop production, especially corn. Agriculture, however, regained growth by 5.8 per cent in 2018, becoming the fastest growing sector. Chile is the biggest exporter of fresh table grapes, blueberries, prunes, dehydrated apples and frozen salmon filets in the world.

For Chileans, the United States is the most popular oversea destination, surpassed only by Argentina and Peru's bordering countries. Chile is the only Latin American country to have the Visa Waiver Program (VWP). Chileans travel to the United States mostly for holidays and leisure, but education and business are also important. From 2017-2018, the number of Chilean tourists to the United States increased by 10.4 per cent. Tourism Secretariat in Chile, for each visit in 2017 , the average Chilean spent 14.5 nights in the USA. In 2017, the average trip cost around $2,000 USD communication hubs.

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Trade Fair Exhibition

1. FestiGame Chile

Date : 02 - 04 Aug 2020
Place : Espacio Riesco, Santiago, Chile

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