The International Exhibition of the Mining Industry, EXPONOR Chile 2013
A view of the capital-Santiago
32nd International Book Fair Santiago

Overall Economic Situation
The Republic of Chile is located on the south-west of South America, along the western slope of the Andes Mountains. It borders Bolivia and Argentina in the east, Peru in the north, Antarctic in the far south and a 4,300 kilometre coastline along the Pacific Ocean on the west, across the ocean is Antarctica. Chile is one of the longest countries in the worldand only 250 kilometres wide at its widest point.

Chile is rich in mineral, forestry and marine resources and famous for its copper production giving it the name the Land of Copper. Thereare over 200 million tonnes of detected copper reserves, equivalent toone third of the world’s total reserves, with the amount of its reserves, the production and export volumes rank first in the world. Iron ore andcoal reserves are 1.2 billion and 5 billion tonnes respectively, while othernatural resources include nitre, molybdenum, gold, silver, aluminium, zinc, iodine, petroleum and natural gas.

Chile is a moderately developed country, with four pillar industries namely mining, forestry, fisheries and agriculture. After the 1980s, it liberalised the market and strengthened macro-control and adjusted the industrial structure resulting in relatively faster economic growth, giving it recognition by the World Bank and western countries as agood example of Latin American economy. In particular, the Chilean government adopted sound financial and currency policies in 2003 and benefited from the constantly high price of the pillar industry exports such as copper, salmon and paper pulp, resulting in the steady growth of the economy. However, affected by the global financial downturn in 2008, the Chilean economy has been hard-hit and the growth rate has slowed down. The economy become more stable and started to grow again in the second half of 2009, as of the second half of 2011, economic growth was again reduced due to the debt crisis in the US and Europe and the instability of the global financial trend, in 2012, a 5.25% economic growth was recorded.

Business Opportunities
Industry
Chile is one of Latin America’s major mining countries, in 2012, themining industry output amounted to 13.5% of the GDP, the total export volume of mining products amounted to US$46.537 billion, equivalent to 59.60% of the total export volume.

Agriculture, Forestry and Animal Husbandry
Chile is the largest exporter of fresh fruit in the southern hemisphere, there are 7,800 orchards and 518 fruit export enterprises in the country, exporting 75 types of fruit to over 100 countries around the world. In 2012, the export volume of the Chilean fruit industry amounted to US$4.294, equivalent to 83.72% of the total exported agricultural products.

Chile possesses rich forestry resources, 45% of the national land is suitable for forestry, and major products include timber, paper pulp and paper. Ranches cover a total of 129,300 square kilometres, mainly concentrated in the central valley and the plains in the south, focusing on the rearing of cows, sheep, pigs and chickens. With its advantageous conditions as in climate, geography and water quality, it is a major producer of farmed salmon and trout.

The highly favourable geography and Mediterranean climate provide favourable conditions for the growing of grapes. Chilean wine has been developing dramatically since the 1990s and the country has become an important emerging wine producer.

Retail and tourism industry
The industry has become more focused and has grown rapidly in recent years, in 2012; overseas visitors amounted to 35 million, creating a national tourism income of US$2.559 billion, with tourists from neighbouring South American countries such as Argentina, Bolivia and Brazil amounting to 61.1% of the total number of tourists.

MAIN ECONOMIC INDICATORS 2012
Gross Domestic Product(US$ billion) 325.8
Real GDP growth (%) 5.5
GDP per capital(US$) 18,700
Inflation(%) 3
Land area(sq km) 756,102
Population (Million) 17.2

Source: CIA-The World Factbook, https://www.cia.gov/library/publications/the-world-factbook/geos/ci.html

FOREIGN TRADE FROM 2008 TO 2012

(unit: US$ Billions)
Year
Total Trade
Exports
Imports
2012 153.14 78.28 74.86
2011 152.63 81.71 70.92
2010 118.51 64.28 54.23
2009 93.49 53.74 39.75
2008 124.07 66.46 57.61

Major Export Commodities: copper, fruit, fish products, paper and pulp, chemicals, wine
Main Import Commodities: petroleum and petroleum products, chemicals, electrical and telecommunications equipment, industrial machinery, vehicles, natural gas

Source:
1.CIA-The World Factbook, https://www.cia.gov/library/publications/the-world-factbook/geos/ci.html
2.Index Mundi-Country Fact, http://www.indexmundi.com/chile/

Main Destinations for Exports (2011) %
China 23.9
US 12.2
Japan 10.6
South Korea 5.8
Brazil 5.5
Main Origin for Imports (2011) %
US 21.9
China 18.2
Argentina 6.7
Brazil 6.5

Source: https://www.cia.gov/library/publications/the-world-factbook/geos/ci.html

MAINLAND CHINA – CHILE

(US$100 million)
Year Total Exports Imports
2012 332.4 126 206.4
2011 314.6 108.2 206.4
2010 258.3 80.3 178

Source: Ministry of Commerce of the People’s Republic of China, http://mds.mofcom.gov.cn/article//Nocategory/

MACAO-

CHILE

BILATERAL TRADE 2012

Type of Trade Weight (KG) Patacas
Imports 1,087,706 41,495,769
Exports 14,043 538,534

Source: The Statistics and Census Service,http://www.dsec.gov.mo/

SOURCE:
1. The Ministry of Foreign Affairs of the People’s Republic of China
http://www.fmprc.gov.cn/chn/default.htm
2. The Ministry of Commerce of the People’s Republic of China
http://zhs.mofcom.gov.cn/
3. The Economic and Commercial Counselor’s Office of the Embassy of the People’s Republic of China in the Kingdom of Cambodia
http://cl.mofcom.gov.cn/
4. The Statistics and Census Service
http://www.dsec.gov.mo/
5. The World Factbook
http://www.cia.gov/

MAJOR WEBSITE RECOMMENDATIONS:
http://www.gob.cl/