salmon

In a significant stride for Chilean exports, the country's salmon has been certified as a "healthy" option by the United States Food and Drug Administration (FDA). As the second most exported product from Chile, salmon generated over $6.3 billion in 2024, with the United States being its main market.

However, the global economic landscape is not without its challenges. Chile finds itself between China and the United States amidst global uncertainty. The Chilean Government, along with representatives from the agro-export sector, have formed a technical group to address new agricultural tariffs imposed by the United States, the second destination of Chile's silviculture and livestock exports. This initiative aims to mitigate the impact of the measures scheduled to come into effect from April 2.

The President of Fruits of Chile, Iván Marambio, has expressed concerns over the growing trade war driven by Donald Trump and its potential repercussions on international trade. Marambio warned about the negative effects of tariff measures and market closures, emphasizing that Chile's strategy has been to open up to the world.

Adding to the concern, President Donald Trump announced that from Wednesday, April 2, the United States will impose tariffs on imported agricultural products. The move aims to boost local development and growth in the sector, but has caused unease among associations and guilds in various countries, including Chile.

Amidst the official visit of the President of the Federal Republic of Germany, Frank-Walter Steinmeier, the President of Chile, Gabriel Boric, spoke about the tariff war driven by Donald Trump and its possible effects on Chile's copper and agricultural exports. Boric stressed that the issue is "extremely delicate" and reaffirmed Chile's commitment to multilateralism in international forums, rejecting unilateral decisions.

• Salmón chileno recibe sello de "saludable" por la FDA en Estados Unidos - Prensa Digital (Prensadigital.cl)
• Chile entre China y EE.UU. en medio de la incertidumbre global - Paislobo Prensa (Paislobo.cl)
• Estrategia Agroindustrial Chilena: Enfrentando Desafíos Globales con Innovación y Diplomacia (Reportediario.cl)
• Presidente de Frutas de Chile y la guerra comercial: “Las acciones de proteccionismo empobrecen al mundo” (Radioagricultura.cl)
• Trump anuncia aranceles a importaciones agrícolas: ¿Cómo afectaría a Chile la medida? - Portal Innova (Portalinnova.cl)
• Presidente Boric aborda guerra comercial y revela medidas ante aranceles de EE.UU. (Radioagricultura.cl)

The Indonesian Chilean Chamber of Commerce and Culture reports that Chilean exports achieved a historic monthly record in January 2025, exceeding US$10,000 million according to the Subsecretariat of International Economic Relations. This comes as a significant milestone amidst several challenges faced by the export sector.

However, this achievement has been overshadowed by concerns within the agricultural sector due to a cut of $4,200 million to the Agricultural and Livestock Service (SAG) as announced by the Budget Office (Dipres). The National Society of Agriculture has expressed concern about the potential impact on the safety and quality of exports.

Further issues arose with a ship carrying 1,300 containers of cherries stranded in the Pacific Ocean, which may result in substantial losses. The Agroexport Council is currently evaluating the consequences of this incident.

On a positive note, the stranded cherries have reached China, and the containers will be inspected to verify the fruit's condition, confirmed Minister Valenzuela. The Office of Agricultural Studies and Policies (Odepa) is closely monitoring the situation.

Despite these challenges, Chile's export sector has shown resilience. While exports decreased by 15% in December 2024, largely due to a drop in the industrial sector, this was offset by a 33% increase in shipments to countries in the Asia-Pacific Economic Cooperation Forum.

Furthermore, the service sector achieved a historic record in 2024, with exports totaling US$ 2.472 billion, a 14.8% increase from 2023. The United States, Peru, and Colombia were the top three markets for these sales, indicating the sector's adaptability amidst the pandemic and digitalization trends.

Finally, the Senate unanimously approved the Free Trade Agreement between the Pacific Alliance and Singapore, aiming to improve access conditions to Singapore and increase exports, which had decreased by 54% between 2022 and 2023.

Despite a slight 0.2% decrease in salmon exports in November 2024, the sector saw a significant 11.4% growth in December 2024, reaching MMUS$535.1. South Korea and Japan were the most influential destinations for this increase.

• Exportaciones baten récord histórico durante enero mientras existe una alerta por recorte al SAG | radiograma-biobiotv | BioBioChile Televisión (Biobiochile.cl)
• Cerezas chilenas varadas en altamar llegan a China: Ministro Valenzuela confirma que se inspeccionarán los contenedores para verificar el estado de la fruta - ODEPA | Oficina de Estudios y Políticas Agrarias (Odepa.gob.cl)
• Exportaciones bajaron un 15% en diciembre | La Prensa Austral (Laprensaaustral.cl)
• Estados Unidos, Perú y Colombia se posicionan como los principales destinos de las exportaciones de servicios chilenas | Diario Financiero (Df.cl)
• Senado da su aprobación al TLC entre la Alianza del Pacífico y Singapur | Senado República de Chile (Senado.cl)
• Los Lagos: Exportaciones de salmón chileno crecen un 11,4% en diciembre de 2024 (Aqua.cl)

The Indonesian-Chilean Chamber of Commerce and Culture is pleased to report significant developments in Chile's economic landscape. The Bio Bio region recorded a 14.9% rise in exports in October 2024, amounting to USD 548.7 million, driven primarily by the industrial and silvoagropecuary sectors. The industrial sector alone accounted for USD 541.5 million, a 15.9% increase from October 2023, while the silvoagropecuary sector grew by 29.9% within the same period. However, other export sectors and fishing experienced a downturn.

In a move to further boost the Chilean economy, President Gabriel Boric has enacted the Energy Transition Law aimed at promoting renewable energy and job creation. This strategic move is expected to attract significant investments into the energy sector, subsequently enhancing the quality of life for Chileans.

Chilean salmon has also been making waves globally, expanding its reach to over 100 international markets and recording significant growth in emerging markets. This development reinforces Chile's position as a key player in the global seafood industry.

On the digital front, Chile is poised to take a leap in the digital economy. With all the key enabling factors in place, the country is ready to harness digitalization as a major driver of its economy. The fourth industrial revolution, led by Artificial Intelligence, presents a unique opportunity for Chile to create quality jobs and export opportunities through the digital economy. Achieving this, however, will require synergy between the productive sector, the state, and society.

Despite these promising developments, the mining sector has faced challenges. Nickel hit a four-year low due to the Federal Reserve's unenthusiastic outlook for the coming year, overshadowing potential significant cuts in Indonesian mining.

Lastly, the government has highlighted a peak in cherry shipments to Asia for the Chinese New Year, further showcasing the country's export prowess.

• Exportaciones de Región del Bio Bio suben 14,9% en octubre - PortalPortuario (Portalportuario.cl)
• Presidente Gabriel Boric promulga Ley de Transición Energética para impulsar renovables y empleo en Chile - Revista Digital Minera REDIMIN (Redimin.cl)
• El salmón chileno amplía su alcance global con crecimiento en mercados emergentes (Salmonexpert.cl)
• Chile y la economía digital: es hora de dar el salto (Elmostrador.cl)
• Níquel toca mínimo de cuatro años ante pesimismo de la Fed y posibles recortes mineros en Indonesia - Revista Digital Minera REDIMIN (Redimin.cl)
• Gobierno destaca "peak de envíos de cerezas" a Asia por el Año Nuevo chino | Economía | BioBioChile (Biobiochile.cl)

The Chilean-Indonesian Chamber of Commerce and Culture has been closely monitoring the economic developments in Chile. Several key sectors have shown promising growth and potential, which we believe are noteworthy.

OCDE's Economic Forecast

Adolfo Rodríguez-Vargas, the chief economist for Chile at the Organisation for Economic Cooperation and Development (OECD), has expressed confidence in Chile's export strength. The OECD has adjusted its projections for the Chilean economy, estimating a 2.4% expansion of the Gross Domestic Product (GDP) this year. However, it has also revised its forecasts for 2025 down from 2.5% in May to 2.3%. The changes for this year are due to an upward revision of the expansion of exports and a decrease in imports, while the recomposition of domestic demand would contribute slightly less to activity.

Chile's Third Industry: Aquaculture and Agriculture

The II Symposium "Sciences and Footprints of Agriculture", organized by the Doctorate in Agricultural Sciences of the Catholic University of Chile (UC) with the support of Salmones Antártica, highlighted the potential of creating a third industry in Chile combining aquaculture and agriculture. This initiative is backed by the Technological Program for the Local Production of Nutritional Inputs for Aquaculture (PTEC-INVA), a public-private and academic initiative promoted by the Corporation for the Promotion of Production (Corfo).

Geopolitics, Environmental Regulations, and Mineral Exports

Geopolitics and environmental regulations could potentially impact the exports of minerals from the region. Tanvi Sharma, Senior Research Analyst - Bulk Research, Drewry, highlighted this during the "Shipping Seminar 2024". The market behavior of various commodities relevant to our region, including iron ore and coal, is determined by a complex interplay of causes and effects.

Salmon Exports

ProChile has promising projections for the export of salmon. The Enexpro Sea Products 2024, an initiative that allowed 60 Chilean companies from Coquimbo to Punta Arenas to present themselves, was developed in Puerto Varas.

Corporate Tax Rate Reduction Proposal

The Chilean government's proposal to reduce the corporate tax rate to 25% is a bold strategy to stimulate economic growth and attract foreign direct investment (FDI). However, this measure has also sparked substantial debates about its fiscal, social, and economic impact, necessitating a balanced analysis of the benefits and risks.

Boom in Cherry Exports

There is a significant boom in the export of cherries from Chile to Asia. This surge in demand underlines the potential of Chile's agricultural exports and the opportunities it presents for foreign traders and investors.

• Adolfo Rodríguez-Vargas, economista OCDE: “Las exportaciones van a mantenerse fuertes. El asunto es cuán sólida sea la demanda externa por los minerales que vende Chile” | Diario Financiero (Df.cl)
• Acuicultura más agricultura: La gran oportunidad de crear una tercera industria en Chile - AQUA (Aqua.cl)
• ¿Cómo la geopolítica y las normativas ambientales podrían afectar a las exportaciones de minerales de la región? - MundoMaritimo (Mundomaritimo.cl)
• Las promisorias proyecciones de ProChile para las exportaciones de salmón (Salmonexpert.cl)
• Evaluación de Propuesta de Reducción de la Tasa Impositiva Corporativa al 25% en Chile | Diario El Pulso desde O'Higgins para Chile y el mundo (Diarioelpulso.cl)
• [VIDEO] Boom por las cerezas chilenas: conoce el significado detrás del furor en China por cargamentos (Soychile.cl)

The Chilean-Indonesian Chamber of Commerce and Culture reports on a series of significant developments in the bilateral trade relations between Chile and Indonesia. These developments include the expansion of Chile's fruit exports to Indonesia, the surge in Chilean salmon exports, and the opening of the Chilean market to Bolivian products.

As Chile gears up for the fruitful export season of 2024-2025, the Chilean ambassador in Indonesia, Mario Artaza, and the head of the Division of Agricultural, Forestry and Seed Protection of the Agricultural and Livestock Service (SAG), Marco Muñoz, met with representatives of the Indonesian Quarantine Agency (IQA). The strategic discussions revolved around opening the market for fresh Chilean lemons, the entry of nuts with and without shell, progress in electronic certification, renewal of recognition of the Chilean safety system, and the export of frozen fruits.

Chile is also expanding its salmon exports to new countries, including Australia, which has approved Chile as compliant with its rigorous biosecurity standards (BICON) for salmonid importation. Chile's salmon exports play a crucial role in the national economy and in regions with strong aquaculture activity. In 2023, shipments of this product exceeded US$6 billion.

Meanwhile, negotiations are advancing for the opening of the Chilean market to Bolivian products. This is part of a decision to boost trade and strengthen bilateral economic ties. The products include milk, beef, oregano, avocado, llama meat products and by-products; Amazonian fruits, peanuts, almonds, honey, and eggs.

In other news, the East Java Multipurpose Terminal (EJMT) in Indonesia has partnered with Sinarmas LDA Usaha Pelabuhan (SLUP) for towing and pilotage tasks. Furthermore, Vina Santa Rita, a Chilean wine company, reported a slight increase in revenues during the first nine months of the year, with consolidated export market revenues increasing by 6.8%.

Lastly, the Agricultural and Livestock Service (SAG) has inaugurated a record-breaking season of Chilean cherry exports, certifying the first 10 tons of this valuable fruit. With Chile established as a global leader in cherry production, this year is expected to set a new export record.

• Chile busca nuevas oportunidades para exportar fruta a Indonesia | SAG (Sag.gob.cl)
• Chile amplía exportación de salmón hacia nuevos países y suma Australia como nuevo mercado - Prensa Digital (Prensadigital.cl)
• Avanzan negociaciones para apertura del mercado chileno a productos bolivianos  - PortalPortuario (Portalportuario.cl)
• Indonesia: East Java Multipurpose Terminal se asocia a Sinarmas LDA Usaha Pelabuhan para labores de remolque y practicaje - PortalPortuario (Portalportuario.cl)
• Ventas de Viña Santa Rita alcanzan los $ 121.387 millones en los primeros nueve meses del año | Diario Financiero (Df.cl)
• Con el envío de las primeras 10 toneladas SAG inaugura temporada récord de exportación de cerezas chilenas - Araucanía Noticias Temuco (Araucanianoticias.cl)

The Chilean-Indonesian Chamber of Commerce and Culture is pleased to bring you the latest updates in the world of commerce and culture between Chile and Indonesia. We have curated the most relevant news items to provide a comprehensive overview of the week's events.

Francisco Lecaros, president of the Mining Foundation of Chile, emphasizes that Chile should not only export minerals but also mining knowledge. The Foundation has launched a massive campaign to educate a million people about the importance of mining in their daily lives, offering educational games, maps, and brochures.

India emerges as one of the most dynamic markets for Chilean fruit exports, with a 53% increase in the first seven months of this year compared to the same period last year. India is now the fastest-growing market among the top 15 destinations for Chilean exports, according to data from the National Customs Service.

Despite the positive results of agricultural exports, other indicators such as production levels, poverty rates in rural areas, and economic and social inequalities in family farming need to be considered for a comprehensive diagnosis of the national agrarian situation. According to the Central Bank data, the exports from the agricultural, forestry, and fishing sector reached $5.601 billion in the first half of this year, a more than 10% increase from last year.

Chile remains the leading lithium producer in South America and second in the world, behind Australia. In 2023, national production reached 270,947 tons of lithium carbonate equivalent, a 4.3% increase from 2022 and a 120.5% increase from 2020. Production is projected to reach 275,000 and 285,000 tons in 2024 and 2025, respectively.

The price of farmed Atlantic salmon from Norway has fallen by 14% since June 2006, but the amounts achieved in August still far exceed those of 2005. Similarly, Chilean salmonids are experiencing a similar situation. The high prices in Europe and Japan have diverted national exports from their traditional market, the United States.

The Chilean Foreign Minister, Alberto van Klaveren, met with the Indian Ambassador to Chile, Abhilasha Joshi, to discuss the upcoming Chile Summit India 2024. This public-private event, organized by ProChile, aims to seek new opportunities in the Asian sector and strengthen ties between the two nations in terms of trade cooperation and initiatives to facilitate the exchange of goods and services.

• Francisco Lecaros, presidente Fundación Minera: “Chile no solo debe exportar minerales, sino que también minería” - NOSTÁLGICA CL (Nostalgica.cl)
• India se ubica como uno de los mercados más dinámicos para las exportaciones frutícolas chilenas – Simfruit (Simfruit.cl)
• Exportaciones y políticas agrícolas – El Clarin de Chile (Elclarin.cl)
• Chile sigue liderando la producción de litio en Sudamérica a la vez que cae valor de las exportaciones – Diario Chañarcillo (Chanarcillo.cl)
• Comercialización de salmónidos continua al alza - AQUA (Aqua.cl)
• Canciller se reúne con embajadora de la India previo al Chile Summit India 2024 - Minrel (Minrel.gob.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)