South Korea is the second destination of Chilean exports within Asia. During the 2018-2019 season, Chile sent 54,705 tons of fresh fruits to Korea. Table grapes were the main export product with 72.5% of all fruit exports there. They were followed by cherries with 7.6%, lemons with 6.9%, kiwi with 4.7%, blueberries with 3.3%, and oranges with 2.4%.
Online sales in Chile expanded by 27.2% in 2019, despite the social conflict in October. According to the Chilean National Chamber of Commerce, growth in the last quarter of 2019 was only 16% due to social conflict, compared to 29.8% in the previous quarter, but this did not prevent annual growth from reaching 27.2%.
The Spanish Observatory for Sustainable Financing (OFISO) awarded Chile for innovation in sustainable finance, being the first country in the Americas to issue sovereign green bonds for $ 2.4 billion in 2019 amid historically low interest and demand rates. Green bonds are a tool to channel investments that contribute to sustainable development, helping to reduce carbon emissions and a strong resilience to climate change.
Canada’s Lara Exploration reported that Australia’s Bifox (previously known as Phillips River Mining), has completed agreements with the Chilean Government to settle outstanding environmental infractions and fines and lift the embargo on mining and processing at the Bifox phosphate project, located near the town of Copiapó in northern Chile. Bifox has also begun the application process with the Servicio Nacional de Geología y Minería to reinstate its operating permits and resume operations.
Copper prices will rebound in the coming months after a downturn in demand caused by the coronavirus outbreak in China, Chilean mining minister Baldo Prokurica said. The metal has lost 9% since its January peak but has recovered from the Feb. 3 low of $5,523 per tonne. China, the world's top copper consumer, reported its fewest new coronavirus infections since January on Tuesday and its lowest daily death toll for a week.