The top import categories (2-digit HS) in 2019 were: copper ($2.6 billion), fish and seafood (fillet, other fish meat) ($2.6 billion), edible fruit & nuts (grapes,fresh or dried) ($1.9 billion), wood and wood products ($829 million), and special other (returns) ($388 million).
Why does Chile trade with the US?
Chile continues to be a strong trading partner and export market for U.S. companies, largely due to its open market policies, zero tariffs, stable democratic government, solid business practices, and low corruption.
What do they trade in Chile?
The country mainly exports copper (which accounts for nearly half of its exports), fish fillets and other fish meat, chemical wood pulp, wine, and fruit (such as apricots, cherries, and peaches).
Who is Chile allies with?
Chile is a member of the Inter-American Development Bank, Organisation of American States (OAS), CELAC, FEALAC, UNASUR and Pacific Alliance. It is an associate member of the Andean Community and Mercosur.
Why is Chile so rich?
Much of Chilean wealth is derived from raw materials and from natural riches. This wealth should be invested wisely to support innovation-driven growth to unleash Chile’s potential for entrepreneurial wealth creation.
How does Chile make their money?
Chile is the world’s leading producer of copper, and growth in GDP is driven by exports of minerals, wood, fruit, seafood, and wine.
What is Chile the largest exporter of?
Exports The top exports of Chile are Copper Ore ($18.4B), Refined Copper ($13.4B), Sulfate Chemical Woodpulp ($2.82B), Fish Fillets ($2.79B), and Pitted Fruits ($1.96B), exporting mostly to China ($22.6B), United States ($9.74B), Japan ($6.38B), South Korea ($4.71B), and Brazil ($3.17B).
What is the main industry in Chile?
Main Sectors of Industry
Chile is among the most industrialised countries in Latin American and some of its key industries include mining (copper, coal and nitrate), manufactured products (food processing, chemicals, wood) and agriculture (fishing, viticulture and fruit).