chile

INDIA - CHILE BUSINESS & CULTURAL COUNCIL

Global India business forum presented Honorary membership to the Trade Commissioner of Chile Marcela Zuniga. We had a fruitful discussion to collaborate GIBF and Chile to explore different business opportunities and trade between two countries. Global President- GIBF Dr Jitendra Joshi and Director/ Global Cordinator Deepali Gadkari attend the meeting

Exports :

Copper Ore, Refined Copper, Sulfate Chemical Woodpulp , Fish Fillets, and Pitted Fruits

Imports :

Refined Petroleum, Crude Petroleum, Cars ($3.46B), Broadcasting Equipment, and Delivery Trucks

ABOUT CHILE

The Republic of Chile, commonly known as Chile, is a South American country with a unique geographical location. It is a long narrow stretch of land which is bordered by Andes Mountain range to the east and the Pacific Ocean to the west. Chile borders Argentina, Bolivia, and Peru by land. It is the southernmost country in the world and is the closest country to Antarctica. The Pacific islands of Juan Fernández, Isla Salas y Gómez, Desventuradas, and Easter Islands in Oceania are under Chilean control. They also claim about 1,250,000 square kilometers of Antarctica under the Chilean Antarctic Territory. The capital and largest country is Santiago and their national language is Spanish.

BUSINESS OPPORTUNITIES IN CHILE

Chile is considered as a developing country. It is among the most economically and socially stable nations in South America. Chile’s diverse economy provides a lot of opportunities. Its industries are largely supported by the B2B sector. Its more traditional sectors like mining have been the cornerstone of their economy. New industries like fintech, e-commerce and biotech are now making a mark on the economy and could prove to be the way forwards..

EXPORTS AND IMPORTS IN CHILE

TOP EXPORTS OF CHILE

29% ($21 billion): Copper ores and concentrates. 19.8% ($14.5 billion): Refined copper and copper alloys, unwrought. 3.46% ($2.54 billion): Fish fillets and other fish meat (whether or not minced), fresh, chilled or frozen. 2.77% ($2.03 billion): Chemical wood pulp, soda or sulphate, other than dissolving grades. 2.62% ($1.92 billion): Apricots, cherries, peaches (including nectarines), plums and sloes, fresh. 2.55% ($1.87 billion): 7402 - Unrefined copper; copper anodes for electrolytic refining. (Figures as of 2020. Source: TrendEconomy) Copper ores make up for 29% of Chile’s exports. The next 19.8% is taken up by refined copper and copper alloys. Another 2% is unrefined copper. Then fish fillets and other fish meat, chemical wood pulp, soda, apricots, cherries, peaches, plums make up the next 9-10% of Chile’s exports.

TOP IMPORTS OF CHILE

5% ($2.96 billion): Petroleum oils and oils obtained from bituminous minerals, other than crude; preparations not elsewhere specified or included, containing by weight 70 % or more of petroleum oils or of oils obtained from bituminous minerals, these oils being the basic constituents of the preparations; waste oils. 3.96% ($2.34 billion): Transmission apparatus for radio-telephony, radio-telegraphy, radio-broadcasting or television, whether or not incorporating reception apparatus or sound recording or reproducing apparatus; television cameras; still image video cameras and other video camera recorders; digital cameras. 3.87% ($2.29 billion): Petroleum oils and oils obtained from bituminous minerals, crude. 3.03% ($1.79 billion): Motor cars and other motor vehicles principally designed for the transport of persons (other than those of heading 87.02), including station wagons and racing cars. (Figures as of 2020. Source: TrendEconomy) Chile’s import volumes are not as diverse as its exports in value but about 9% of its top import is refined petroleum and crude petroleum. Followed up by broadcasting equipment and motor cars and vehicles.