Chile is the most elongated country, from north to south, it extends 2,653 mi, and it only averages 110 mi east to west. Chile is situated in southern South America, south of Peru and west of Bolivia and Argentina, bordering the South Pacific Ocean and a small part of the South Atlantic Ocean. One-third of Chile is covered by the towering ranges of the Andes (2).
Chile’s natural resources include copper, timber, iron ore, nitrates, precious metals, molybdenum and hydropower (2). Its economy is structured as followed (in % of GDP): services 63%, industry 32.8% and agriculture 4.2% (2017) (7).
Chile’s agriculture products include grapes, apples, pears, onions, wheat, corn, oats, peaches, garlic, asparagus, beans, beef, poultry, wool, fish and timber (1). Its industries include copper, other minerals, foodstuffs, fish processing, iron and steel, wood and wood products, transport equipment, cement and textiles (1).
Chile’s top exports commodities include ores, slag, ash, copper, fish, fruits, nuts, woodpulp, wood, inorganic chemicals, beverages, sprites, vinegar, gems, precious metals and meat (8). Its top imports commodities include mineral fuels including oil, vehicles, machinery including computers, electrical machinery, equipment, plastics, plastic articles, iron steel, pharmaceuticals, meat, optical, technical, medical apparatus, articles of iron or steel (9).
Chile’s mains ports and terminals are Antofagasta, Arica, Huasco, Iquique, Lirquen, San Antonio, San Vicente and Valparaiso (2).
Chile was the United States' 29th largest goods trading partner with $26.7 billion in total goods trade during 2018 (10). Florida’s top exports to Chile: Automatic Data Process Machines, Electric Apparatus for Line Telephony, Civilian Aircraft, Engines, And Parts, Parts & Access for Motor Vehicles, Printing Machinery, Motor Cars & Vehicles for Transporting Persons, and Office Machines Florida’s top imports from Chile: Refined Copper, Fish Meat, Corn, Fresh Fruit, Wine Of Fresh Grapes (5).
The United States-Chile Free Trade Agreement (FTA) entered into force on January 1, 2004 (4).
U.S. goods exports to Chile in 2018 were $15.3 billion, up 12.8% ($1.7 billion) from 2017 (3)
U.S. goods imports from Chile totaled $11.4 billion in 2018, up 7.7% ($815 million) from 2017 (3)
U.S. goods and services trade with Chile totaled an estimated $30.5 billion in 2017 (3)
The U.S. goods and services trade surplus with Chile was $5.8 billion in 2017 (3)