Export to Chile
Chile key facts and country profile
CLICK HERE FOR BUSINESS OPPORTUNITIES IN CHILE
KEY FACTS
POPULATION: 17,09,270 (June 2010)
CAPITAL: Santiago
MAIN CITIES:
Santiago (Capital), Valaparaiso, Concepción, Antofagasta, Talcahuane, Talca, Temuco
LANGUAGE: Spanish (Official), Mapudungun, German, English
TIME ZONE: GMT -4hours
CURRENCY: Chilean Peso
DIALLING CODE: +56
ECONOMY
Chile is known as the best managed economy in South America and has sustained steady growth. Chile has Free Trade Agreements with the following:
- AELC, Australia, Canadá, China, Colombia, Corea del Sur, Costa Rica, El Salvador, Honduras, United States of America, Japón, México, MERCOSUR, Panamá, Perú
KEY INDUSTRIES:
- Copper
- Other Minerals
- Foodstuffs
- Fish Processing
- Iron & Steel
- Wood & Wood products
- Transport equipment
- Cement
- Textiles
|
Chile’s most important trading partners (2006) |
|||
| Source: EIU | |||
|
Leading markets |
% of total |
Leading suppliers |
% of total |
| US |
15.4 |
US |
14.6 |
| Japan |
10.4 |
Argentina |
11.7 |
| China |
8.5 |
Brazil |
11.0 |
| Netherlands |
6.6 |
China |
9.1 |
| South Korea |
5.9 |
Peru |
3.7 |
MAIN TRADING PARTNERS:
EXPORT PARTNERS
- China 14.2%
- US 11.3%
- Japan 10.4%
- Brazil 5.9%
- South Korea 5.7%
- Netherlands 5.2%
- Italy 4.4%
IMPORT PARTNERS
- US 19.1%
- China 11.9%
- Brazil 9.3%
- Argentina 8.8%
- South Korea 5.6%
- Japan 4.6%
EXPORTS – COMMODITIES
- Copper
- Fruit
- Fish products
- Paper and pulp
- Chemicals
- Wine
IMPORTS – COMMODITIES
- Petroleum and petroleum products
- Chemicals
- Electrical and telecommunications equipment
- Industrial machinery
- Vehicles
- Natural gas
Source: www.cia.gov
| SOCIAL ACCOUNTING | |
| Unemployment Index: | 9.0% (Mar 2010) |
| GDP PPP: | 242,864 MM US $ 2009 (IMF) |
| PIB Per capita PPP: | 14,299 US $ 2009 (IMF) |
| Last GDP Growth Rate: | -0.1% (2009 IMF) |
| GDP Growth Forecasting: | 4.0% (2010 IMF) |
| Economic Activity Rate: | 7.1% (Change 12 month May 2010-2009) |
| Interest Rate: | 1.5% (Jul 2010) |
| Exchange Rate: | 546.04 (CLP/USD) Closing Jun 2010 |
| INFLATION | |
| Versus Last Month Change: | 0.0% (Change Feb – Jan 2010) |
| Versus Last Quarter Change: | 1.2% (Change Q1 2010) |
| 12 Month Change: | 1.2% (Change 12 month Jun 2010 – 2009) |
| Annual Target Rank: | 3% (+/-1) |
| Foreign Trade | |
| Total Exports: | 32,515.7 MM US $ (Accumulated to Jun 2010) |
| Total Imports: | 24,582.2 MM US $ (Accumulated to Jun 2010) |
| Balance of Trade: | 7,933.6 MM US $ (Accumulated to Jun 2010) |
| Balance of Payments: | 855.5 MM US $ (Q1 2010) |
| Current Account: | 1,522.9 MM US $ (Q1 2010) |
| MEMBER OF: | |
| UN, OAS, MERCOSUR, APEC, OMC, OCDE, G-77, IADB, IAEA, WTO | |
| Country Risk : | |
| Agency: | Fitch |
| Qualification: | A |
| Stable | |
| Agency: | S&P |
| Qualification: | A+ |
| Stable | |
| Agency: | Moody’s |
| Qualification: | Aa1 |
| Positive | |
| INTERNATIONAL RANKINGS | |
| Corruption Perceptions Index (International Transparency): | |
| Global Ranking Position: | 25° (2009) |
| Latin America Ranking Position: | 1° (2009) |
| EASE OF DOING BUSINESS INDEX (WORLD BANK): | |
| Global Ranking Position: | 49° (2010 Report) |
| Latin America Ranking Position: | 2° (2010 Report) |
| GLOBAL COMPETITIVENESS INDEX RANKINGS (WORLD ECONOMIC FORUM): | |
| Global Ranking Position: | 30° (2009 – 2010 Ranking) |
| Global Ranking Position: | 28° (2008 – 2009 Ranking) |
| Latin America Ranking Position: | 1° (2009 – 2010 Ranking) |
| Latin America Ranking Position: | 1° (2008 – 2009 Ranking) |
Source: www.bnamericas.com
ONLINE RESOURCES:
Chile.com – www.chile.com (General information about the Country, Business, Tourism etc.)
Chile Business Directory – www.chilnet.cl
Central Bank of Chile - www.bcentral.cl/ (Official website of the Central Bank of Chile)
Servicio Nacional de Aduanas – www.aduana.cl - This is the website of the Chilean Government’s National Customs Service.
Turismo Chile – www.visit-chile.org
Servicio Nacional de Turismo http://www.sernatur.cl - provides information on the Chilean Tourism Service.
NEWSPAPERS
El Mercurio – www.elmercurio.com
La Tercera – www.latercera.cl
La Nacion – www.lanacion.cl
La Segunda – www.lasegunda.com
Diario Financiero – www.df.cl
Santiago Times – www.santiagotimes.cl (English Language Newspaper)
