A 6-month comparison between this year and last year’s total export revenues has shown massively increased activity between Chile and China.
Exports to China over the last 6 months totalled around US$ 9 billion – a 60% increase on figures declared by customs for the same period 2009.
Since a free-trade agreement was signed in 2006, exports to China have been rising fast.
Last year, total Chilean exports to the Chinese market amounted to US$ 11.89 billion, representing a growth of 18.9% in comparison with 2008 figures. A 2009 analysis of Chilean exports illustrated how exports to China rose 17% that year, yet fell strongly for the second and third highest grossing countries, the United States (28%) and Japan (38%).
A comparison between 2009-10 export figures for this 6 month period does register an increase for the U.S. (15.3%), but this is far overshadowed by Chile’s Asian partner Japan, exports to which also rose 62.5%.
Import revenues have also increased, showing an increase of 35.1% over the 6-month period. The principle providers in this case were China, the U.S. and South Korea.