Chile has a well-developed transportation and logistics infrastructure, including efficient ports and a strong transportation network. Photo: Composition by Fabrizio Oviedo/LR/iStock. Video: Alfredomata
This South American nation has established itself The largest world exporter of 29 products in 2023according to a report by the Studies Directorate of the Under Secretary for International Economic Relations. According to data from the , this remarkable achievement has been achieved thanks to the value of exports of these products International Business Center,
Products in which this South American nation ranks first as a world exporter include copper, lithium carbonate, fresh cherries, salmon filletHe Lithium SulfateHe Frozen horse mackerelcanned mussels and dried plums, among others. These products are recognized for their quality and high demand in the international markets.
Which South American country overtook China with the largest exports worldwide?
The Directorate of Studies of the Undersecretary for International Economic Relations published a report confirming that Chile took the lead Export ranking of 29 products In 2023.
According to the document, with regard to conventional shipments, Chile It remains the largest exporter of concentrated copper minerals and copper cathode, with overseas sales expected to exceed US$41.3 billion in 2023. The South American country represented 25.2% of global exports of copper concentrate and 21.8% of global shipments of copper cathodes.,
Mineral wealth allows Chile to lead in the export of these key resources. Photo: iStock
“Despite the challenging external scenario during 2023, the country’s export basket achieved a solid international position… Chile is today presented as a key actor for the development of green industries and the decarbonization of economies.in addition to consolidating itself as a global range supplier of food, wine and fresh fruit,” commented Undersecretary for International Economic Relations Claudia Sanhueza.
Why will Chile overtake China in exports in 2023?
reason why Chile cross China Exports of some products in 2023 due to several key factors:
- Natural resource wealth: Chile has vast deposits of minerals, particularly copper and lithium, allowing it to lead world exports of these products. Its unique and abundant geology facilitates large-scale extraction and production.
- quality of agricultural products: Chile’s agricultural products, such as fresh cherries, grapes and blueberries, are highly valued for their quality. Climatic conditions and advanced agricultural practices contribute to the superiority of these products in the global market.
- Innovation and sustainability in aquaculture: The salmon industry in Chile has adopted innovative technologies and sustainable practices, improving the production and quality of salmon fillets. This has allowed Chile to solidify itself as a leader in seafood exports.
- free trade agreements: Chile has signed numerous free trade agreements with countries around the world, facilitating access to international markets and reducing tariff barriers. This has increased the competitiveness of Chile’s exports.
- Focus on export diversification: Chile has diversified its export offer not only in minerals and agricultural products, but also in manufactured and forestry products. This strategy has allowed Chile to increase its presence in different markets and overtake China in some categories.
The farm produce is highly appreciated internationally for its freshness and quality. Photo: iStock
The 29 products in which Chile is the world’s largest exporter are:
- copper
- Lithium Carbonate
- Lithium Sulfate
- The copper is concentrated
- copper cathodes
- fresh cherries
- salmon fillet
- Frozen horse mackerel
- Canned Mussels
- dried plums
- Blueberries
- fresh grapes
- fresh apples
- Fresh Kiwi
- fresh pears
- fresh peaches
- Fresh nectarines
- Frozen raspberries
- Frozen Strawberries
- fish oil
- Trout
- Bottled wine
- Fruit pulp
- Fish flour
- Paper and paperboard
- Cellulose
- forest produce
- Molybdenum
- Raw Silver
The quality and quantity of seafood products is increasing their competitiveness in the global market. Photo: iStock
5 keys: The South American country that overtook China
- The world’s largest exporter: Chile overtook China in exports of key products such as salmon, lithium, fresh cherries and canned mussels.
- natural resources: The abundance of minerals such as copper and lithium have been fundamental in this achievement.
- innovative technology: The adoption of advanced technologies in agriculture and aquaculture has improved the competitiveness of Chilean products.
- Advanced infrastructure: A strong transportation and logistics system has facilitated international trade.
- sustainability: Sustainable practices have been key to maintaining the quality and attractiveness of products in the global market.