How to export to Chile
Learn how to expand your company to Chile. Design the strategy you need to position yourself in the country.
Why export to Chile?
Chile is one of the most stable and prosperous countries in Latin America, with a diverse market and an open and competitive economy. Chile has a large number of free trade agreements, which facilitates access to other markets in the region and the world.
- 19 million
- Competitive market open to international trade
- Trade agreements with more than 60 countries
- World's largest exporter of copper
- 3% annual increase in GDP in the last decade
- Enormous geographical and natural wealth
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How Business in Chile
Chile is a relatively small market, but it is one of the most solid and open Latin American economies.
To expand to Chile you must take into account the behavior of your potential clients. Chilean consumer customs are marked by the European and American style, so the quality-price ratio is important to access this market. You should also know that about 40% of the country's total population is concentrated in the metropolitan region of Santiago.
Opportunities and difficulties to operate in Chile
Chile has a population of more than 19 million people and a GDP per capita of around $16,000. Representing great potential for business. Its main economic sectors are mining, agriculture, fishing, energy, tourism and professional services. It is one of the world's leading producers of lithium (a mineral used in the manufacture of batteries for electric cars and other electronic products). However, to position yourself in the Chilean market you must pay attention to the following factors:
- High "loyalty" to local brands compared to foreign ones
- High labor costs compared to the rest of the region
- Complex and slow bureaucratic procedures
- Accented cultural differences
