Chile is a large and dynamic global market.  In 2008, this market absorbed over US$58bn in global goods imports and generating over US$69bn in merchandise export sales. Chile is also a dynamic importing market with import spending expanding by over 20% per annum between 2001 and 2008. CARICOM is demonstrating a growing affinity to trading with Chile. Preliminary data indicates that in 2009, the region generated over US$64mn in merchandise export earnings, whist spending US$52mn on merchandise imports. This outturn signalled a reversal of the traditional merchandise trade deficit
with Chile up to 2008(see figure 1).  Between 2001 and 2008, the region expanded export sales by over 42% per annum with Chile. During this period, the region’s importers expanded their import spending from Chile by 18% per annum.

 

Private Sector Trade Note Vol 13 - CARICOM-Chile Trade