Chile's Top Import And Exports

Read Video description, Watch to end for full detailed information and please don't forget to subscribe to this channel for more Business informative videos, Thanks

in this video, we're going to be talking about Chile's Top Import And ExportsThe economy of Chile is one of the most stable in South America and has the highest gross domestic product per capita throughout Latin America.

- Its economy is the 44th largest in the world, both in exports and imports.
- In 2014, the country exported 77.3 billion dollars worth of goods and imported 69.1 billion dollars.
- Chile's Top 10 ImportsChilean imports totaled 55.3 billion dollars in 2020, a 3.7 percent increase over 2016, but a minus 13.7 percent decrease from 2019 to 2020.According to the average 2020 exchange rate, the Chilean peso has depreciated by minus 17.1 percent against the US dollar since 2016 and by minus 12.8 percent from 2019 to 2020.
- From a continental standpoint, Asian countries accounted for 36.8 percent of Chile's total imports by value in 2020.
- Among the top ten import categories, imported electrical machinery and equipment grew the most in value, rising 19.6 percent from 2019 to 2020.
- Chile's international purchases of vehicles were down by 40.8 percent year on year, mineral fuels including oil went down by minus 33.5 percent, and iron or steel as materials led the decliners down by minus 29.5 percent.
- Chile's Top 10 ExportsChile, a South American country bordered by Argentina to the east, Peru to the north, and Bolivia to the northeast, shipped 67.6 billion dollars in goods around the world in 2020.
- Chile exported 12.2 percent of its total exports to Europe.
- Latin America, excluding Mexico, but including the Caribbean with 11.5 percent, Africa with 0.5 percent, and Oceania, led by Australia, received smaller percentages of 0.46 percent.
- Given Chile's population of 19.5 million people, the total 67.6 billion dollars in Chilean exports in 2020 equates to approximately 3,500 dollars for each person in the Latin American country.
- The export product groups stated below have the highest dollar value in Chilean global shipments in 2020.
- The percentage share of each export category in terms of total Chilean exports is also shown.
- Meat was the fastest growing of the top ten export categories, increasing by 20.1 percent between 2019 and 2020.
- Copper came in second for increasing export sales, with a 5.1 percent increase.
- Chile's ores, slag, and ash shipments increased by 1.7 percent, propelled by increased international sales of iron ore and concentrates.
- Gems and precious metals were the leading decliners among Chile's top ten export categories, falling by minus 8.9 percent year on year.
- In terms of macroeconomics, Chile's total exported goods account for 14.8 percent of its overall GDP in 2020 456.4 billion dollars in Purchasing Power Parity US dollars.
- In 2020, exports will account for 14.8 percent of total GDP in PPP terms, up from 13.8 percent in 2019.
- The unemployment rate is another important indicator of a country's economic performance.
main imports of chile chile top exports chile exports and imports chile imports by country chile exports 2022 chile economy chile imports and exports 2023 chile gdp

#chile #southamerica #chilebusiness
Sources :

Wikipedia