In 2012, Chile’s exports reached USD 78,280 million , with the main products being copper and related products that account for nearly 57 percent of exports, fruits in general, fish products, paper, chemical pulp and wines.
Despite its size, Chile produces almost the same amount of exports to Argentina, $ 78,000 million and US $ 81,000 million, respectively.
Chile is the leading global producer of copper, lithium and iodine, with 38% of the world’s reserves of copper. The state-owned company Codelco mines, among others, the deposits of Chuquicamata and El Teniente, the world’s largest open pit mine and underground copper mine, respectively.
Additionally, Chile has 39 per cent of the lithium reserves in South America, followed by Argentina with 32 %, and Bolivia with 28 %. In 2010, 42 % of the global production of this ore was concentrated in Chile and 17 %, in Argentina. In addition to mining its own domestic resources, Chile participates in numerous foreign mining projects, either as an investor or as a provider of engineering services in countries such as Australia, Pakistan and Peru, among others. Since May of 2010, Chile joined the OECD. In addition, the country boasts the highest HDI of the region, followed by Argentina and Uruguay.