In the first eight months of this year, Chile received $10.16 billion in foreign direct investment (FDI), according the Central Bank of Chile, an increase of 11% on the same period in 2019 when the inflow reached $9.12 billion. It was also 31% up on the average for the past five years and 12% up on the average for the period since comparable records began (2003-2020). In August, there was an inflow of $189 million.
Chile posted a trade surplus of $886 million in September, amidst a year-on-year rise in shipments and a drop in imports, the Central Bank reported. In September, Chile exported a total of $5,463 million, an increase of 3.72% compared to shipments in the same month last year. Meanwhile, imports reached $4,577 million, a year-on-year fall of 12.59%.
Chile's import and export volume amounted to $93.479 billion between January and September of this year, an 11% drop year-on-year, according to the government. A drop in imports accounted for more than 85% of the decline in foreign trade, with imports falling 19% year on year to $42.636 billion, according to a statement by the Foreign Affairs Ministry's Undersecretary of International Economic Relations (Subrei).
The value of Chilean copper exports rose in September amidst a gradual recovery in global metal prices and despite the impact on production from the pandemic, according to figures released by the Central Bank. The appreciation of shipments of the red metal climbed 8.3% year-on-year to $3.053 billion in September.
ProChile has recently published a study on the opportunities that Malaysia presents as an export destination for fresh Chilean fruit. Chile currently exports kiwis, apples and table grapes to this market. In 2019, its kiwis achieved a 6.3% market share in Malaysia, positioning Chile as their third supplier after New Zealand and Italy. That same year, apples achieved a 0.1% market share, and table grapes an 8.6% market share.
Innovasea, the aquaculture technology company in the Cuna del Mar portfolio, has launched an office in Chile to target the country's salmon farming sector. The company's Chilean operation will be located in Puerto Varas and headed by Juan Pablo Barrales, who has more than 20 years of experience working in Chile's aquaculture industry.