• Chile

    Chile

    Development Challenges 

    With a per capita GDP of US$ 16,100, Chile is one of South America’s most stable and prosperous countries. In May 2010, Chile became the only South American member of the OECD. The country is one of the most open economies of the world, having signed 59 regional or bilateral trade agreements, more than any other nation. Chile´s economy has grown at an average 4% in the past 12 years, and the country leads the region in terms of human development, competitiveness, income per capita, economic freedom, low perception of corruption, and state of peace. Also, Chile’s diversified trade network provides a sort of safety net against other countries’ economic conditions. The economy is mainly based on exports of copper, which provides roughly a third of the government´s revenue. Agriculture also benefits from Chile’s extreme North-South extension, which produces 7 different climatic regions allowing the country to stagger harvests and resulting in extended harvesting seasons. Despit these strengths, Chile faces developmental challenges such as:

    • Reduce the vulnerability to natural disasters
    • Improve the quality, equity and equality in the education system
    •  Formalize the labour market
    • Strengthen the social security system

    Key trade issues  

    • Reduce dependence on commodity exports
    • Promote Foreign Direct Investment in a wider range of sectors
    •  Conclude negotiations of the WTO Doha round
    • Conclude negotiations with China and Thailand for respective FTAs and implement the ones signed with Malaysia, Vietnam and Nicaragua
    •  Conclude negotiations for the expansion of the Trans Pacific Partnership (TPP)

    Government priorities 

    • Maintain a 6% GDP growth rate
    • Reform the education system by reaching a national consensus
    • Continue with regional and global integration through FTAs and increased regional cooperation
    • Implement fiscal reforms and encourage domestic and foreign investment in research and development
    • Promote tourism
    • Maintain support for foreign investment in the mining sector
    •  Reduce environmental impact and encourage sustainable development
    • Control the risks of natural disasters

       

     

    Trade and Tariff Graphs

    Graphs of the country’s export markets, its export performance in a key sector and tariffs exporters of a sample product face.
    Trademap sample Trademap sample: The map uses color codes to illustrate the relative size of different markets in the overall exports of the country shown in pink.
    Trademap sample Trademap sample: The vertical axis shows import values by key importing countries, while the horizontal axis shows export values by the country for the same sector. I.e. the country has gained market share in the case of an importing country at the bottom right of chart and lost market share for countries top left. The size of circles is proportional to market size.
    Market access map sample Market access map sample: The world map shows trade values and tariff levels for a key export product by importing countries. Color codes indicate protection levels. Red circles denote trade volumes.

    Trade and Investment Data

    Detailed data on the country’s export performance, key imports and foreign investment, grouped by product and service categories (HS and BOP).

    Trade Information Sources

    A listing of country specific print and online publications on trade related topics. Includes information from both ITC and external sources.

    Trade Contacts

    The most important trade contacts, including importers’ and exporters’ associations, trade support institutions, trade promotion organizations and institutions providing business development assistance.