energy transition

The Chilean Chamber of Commerce and Culture is pleased to share the latest updates on the country's trade and export developments, highlighting the significant strides made in various industries.

Chilean Cherry: Despite facing a challenging season with a 30% price drop in China, the country's main export destination, Chile's cherry industry remains resilient. The industry, which is the third largest export after copper and salmon, managed to total 3.3 billion dollars and 625,000 tons in the previous season, according to the Office of Agricultural Studies and Policies (Odepa) of the Ministry of Agriculture.

Pork Imports: Peru's primary sources of boneless pork imports are Chile and Brazil. From January to July, Peru imported over 5 million kilos of boneless pork, with Chile contributing 54% of the total import value at $8.9 million USD, according to Agrodata.

New Markets for Brazil: Brazil has successfully opened new markets for its poultry and beef in Chile, Saudi Arabia, and Indonesia, demonstrating the country's expanding global reach in the meat industry.

Mining Exports: Chile's mining exports have seen a substantial increase, rising from $34.4 billion USD to $60.554 billion USD between 2015 and 2024. The data from Cochilco's Copper and Other Minerals Statistics Yearbook 2005-2024 provides a comprehensive overview of the production, exports, investment, and taxation of the sector.

Freeport Indonesia: Freeport Indonesia is set to complete repairs in the Gresik smelter by early September, further strengthening the mining sector's operations.

Energy Transition: In a recent article by The Economist, Chile was highlighted as a leading example of energy transition. The country's shift from traditional energy infrastructure to sustainable models was exemplified by ENGIE Chile's BESS Tamaya site, which was transformed from a diesel power plant into a solar plant and battery-based storage system.

• Cereza chilena: Mejoras en la comercialización y nuevos mercados marcan negociaciones por el tercer producto más exportado en Chile  (Eltipografo.cl)
• De Chile y Brasil proviene la mayor parte de las importaciones peruanas de carne de cerdo sin hueso (Agraria.pe)
• Eurocarne - Nuevos mercados para Brasil: Chile y Arabia Saudita para la carne de aves e Indonesia para la de vacuno (Eurocarne.com)
• Cochilco: exportación minera llegó a US$60.554 millones en 2024 (Electromineria.cl)
• Freeport Indonesia completará reparaciones en fundición de Gresik a inicios de septiembre | Rumbo Minero (Rumbominero.com)
• The Economist destaca a Chile como ejemplo de reconversión energética con sitio de ENGIE – MEDIABANCO Agencia de Noticias – Chile (Mediabanco.com)

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)