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The Chilean-Indonesian Chamber of Commerce and Culture reports a mixed week for Chilean exports. According to the National Institute of Statistics (INE), the Maule Region experienced a contraction of 16.1% in its exports in October 2023, reaching USD 180.3 million. The main exporter sector was the industry, with a total of USD 142 million, within which the food sector held the highest amount with a 35.27% contribution.

Conversely, the Tarapacá Region saw a significant growth in exports. The value reached USD 524.7 million, marking a 42% increase in twelve months. Despite this, the accumulated variation showed a 2.7% decrease compared to the same period last year, totalling USD 4.133.4 billion in 2023 so far.

Meanwhile, Chile continues to make strides in the Chinese market, with all its fruit approved for entry. The country's fruit exports to China and other Asian markets have been successful, with fresh citrus fruits in Indonesia, fresh kiwis in Vietnam, fresh plums in South Korea and Japan, and progress in fresh apples.

However, a decrease in global wine consumption has led Chile to abandon vineyards, with some considering their complete removal. This decision is influenced by the falling sales, as reported by Sebastián Labe, a winemaker from Viña Santa Rita.

Despite the recent change in government in Argentina, Chilean trade appears to remain steady. The two economies have a high degree of complementarity, more than competition. There are two international treaties governing their reciprocal commercial relationship, which cannot be easily violated without commercial, diplomatic, legal, and political complications.

In Indonesia, a tragic explosion occurred at a nickel plant, resulting in at least 13 fatalities. The accident happened during boiler repair works when a flammable liquid caught fire, causing nearby oxygen tanks to explode.

• Región del Maule: Exportaciones se contraen 16,1% en octubre de 2023 - PortalPortuario (Portalportuario.cl)
• Indonesia: al menos 13 muertos en una explosión en una planta de níquel (Telam.com.ar)
• "Chile es uno de los pocos países donde toda su fruta está aprobada para el ingreso a China" (Elmaucho.cl)
• Chile abandona viñedos ante caída de ventas (Eldemocrata.cl)
• Región de Tarapacá: Valor de exportaciones crece 42% en octubre de 2023 - PortalPortuario (Portalportuario.cl)
• El comercio de Chile con Argentina luego del triunfo de Milei (Elmostrador.cl)

The Indonesia Chile Chamber of Commerce and Culture is closely monitoring the recent economic and social developments in both countries. Here are the major headlines for the week:

According to the National Institute of Statistics (INE), the Maule Region experienced a contraction of 16.1% in exports in October 2023, reaching a total of USD 180.3 million. The industrial sector remains the region's major exporter, with food being the most significant segment within this sector.

An unfortunate accident occurred at a nickel plant in Indonesia, claiming at least 13 lives. A flammable liquid caught fire during boiler repair works causing a deflagration that led to the explosion of nearby oxygen tanks. Our thoughts are with the victims and their families.

In positive news for Chilean exports, the country's fruit has been gaining popularity in the Chinese market. The Frutas de Chile brand is making strides in the market, particularly with peaches and apricots. This development strengthens Chile's position as one of the few countries whose entire fruit basket is approved for entry into China.

Global wine consumption has taken a hit, leading countries like Chile to abandon vineyards. Some, like Viña Santa Rita, are even considering complete removal of their vineyards.

Contrasting the situation in the Maule Region, the Tarapacá Region saw a 42% increase in export value in October 2023, reaching USD 524.7 million. However, the accumulated variation showed a 2.7% decrease compared to the same period last year.

Despite the recent change in Argentina's government, Chile's trade relations with its neighbor remain steady. The two countries share a high degree of complementarity in their economies, and their trade relations are governed by two international treaties that are not easily violated.

• Región del Maule: Exportaciones se contraen 16,1% en octubre de 2023 - PortalPortuario (Portalportuario.cl)
• Indonesia: al menos 13 muertos en una explosión en una planta de níquel (Telam.com.ar)
• "Chile es uno de los pocos países donde toda su fruta está aprobada para el ingreso a China" (Elmaucho.cl)
• Chile abandona viñedos ante caída de ventas (Eldemocrata.cl)
• Región de Tarapacá: Valor de exportaciones crece 42% en octubre de 2023 - PortalPortuario (Portalportuario.cl)
• El comercio de Chile con Argentina luego del triunfo de Milei (Elmostrador.cl)

The Indonesian-Chilean Chamber of Commerce and Culture reports a series of significant developments in international trade, showcasing the robustness of the global economic landscape despite the challenges of the past year.

Customs servers that support foreign trade are fully operational, as confirmed by the National Director of Customs, Alejandra Arriaza. This comes after intermittent glitches in foreign trade operations experienced between November 19 and 24. The National Customs Service reported 19,135 electronic transactions for imports and 3,622 for exports over the weekend of November 24-26, demonstrating the resilience and adaptability of our trade systems.

In other news, Chile's salmon exports to Argentina are on the rise, contributing to Argentina's positive trade balance with Chile, which exceeded US$ 4.15 billion in 2022. This highlights the potential for further expansion and cooperation between the two nations.

Meanwhile, Chile's peach and apricot industry is on the cusp of commencing exports to China, following the signing of an agreement in Beijing between the ministers of Agriculture of Chile and the Customs of China. This agreement was signed during the first state visit to China by the President of Chile, Gabriel Boric.

A cooperation agreement was also signed between Chile and the Chinese city of Dongguan, aimed at bolstering economic ties and promoting cross-border e-commerce. China has become Chile's largest trading partner, and this trend is expected to continue with increased exports and imports.

The 2023-2024 cherry export season has started in San Antonio, with high expectations despite the challenges posed by climate events. Approximately 50% of the total cherries exported from Chilean ports are expected to depart from the San Antonio Terminal International (STI).

Finally, Chile is venturing into gin production after achieving international renown for its wine and pisco. Last Hope Distillery, a cocktail bar in Puerto Natales, is pioneering this trend, introducing gin to locals and international visitors alike.

• Aduanas informa que servidores que soportan las operaciones de comercio exterior están 100% operativos - MundoMaritimo (Mundomaritimo.cl)
• El ranking de exportadores de salmón chileno a Argentina (Salmonexpert.cl)
• Tras visita de inspectores de la Aduana de China a Chile: Industria de duraznos y damascos chilenos a sólo un paso de comenzar exportaciones – Simfruit (Simfruit.cl)
• Los beneficios del acuerdo entre Chile y la ciudad china de Dongguan (Lanacion.cl)
• STI y Frutas de Chile dan el vamos a la temporada de exportación de cherries 2023-2024 en San Antonio - Publimicro (Publimicro.cl)
• Proyección internacional: después del vino y el pisco, Chile ahora apuesta al gin (Lavozdelquequen.com.ar)