Chile's total exports in the first quarter reached nearly US$25 billion, with fresh fruit performing well

Market & Price Trends
Published Apr 18, 2024

Tridge summary

Chile experienced a notable increase in its export sector during the first quarter, with copper exports climbing to US$10.929 billion, a 4% year-on-year increase, largely due to higher copper concentrate exports. The country also saw a significant rise in fresh fruit exports, which grew by 10% to US$3.613 billion, driven by cherries, blueberries, prunes, and grapes. Wine exports increased by 3.4% to US$368 million, with growth in bottled and bulk wines, including origin blends and specific varietals. Pulp exports also rose by 6% to US$703.8 million. Despite a decrease in some traditional and non-traditional trade commodities, over half of the non-traditional trade commodities like cherries and blueberries saw an increase in export value. Additionally, Chile's service exports expanded to 103 markets globally, benefiting from sectors such as online games, animation, and distance education, underscoring the country's push towards export diversification.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Cherries drive the growth of fresh fruit exports According to the report, in the first quarter, Chile's copper exports reached US$10.929 billion, a year-on-year increase of 4% (+US$441 million), due to the increase in the export of copper concentrate; fresh fruit exports reached US$3.613 billion, a year-on-year increase of 10% (+US$341 million), due to the increase in the export of cherries, blueberries, prunes and grapes. In addition, Chile's wine exports reached US$368 million, a year-on-year increase of 3.4% (+US$12.15 million). Among them, the export value of bottled wine and bulk wine increased, especially the export value of origin blends, Sauvignon Blanc, Chardonnay, Pinot Noir and Cabernet Sauvignon increased most significantly; pulp exports reached US$703.8 million, a year-on-year increase of 6% (+US$40 million). More than half of non-traditional trade commodities are exported Export growth During the analysis period, Chile's traditional trade commodity exports amounted ...
Source: Foodmate
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