Chile’s Undersecretariat of International Economic Relations reported impressive foreign trade figures for early 2025 despite ongoing global economic uncertainties. The country achieved historic export numbers in the first two months of the year.
Chilean goods exports grew 5.8% to reach $18.387 billion between January and February 2025. Service exports surged even more dramatically, rising 25% to $587 million during the same period. These figures represent the highest values for similar periods since record-keeping began.
January 2025 alone witnessed exports hit an all-time high of $10.431 billion before decreasing to $7.956 billion in February. This robust performance builds on Chile’s strong 2024, when total exports reached $100.163 billion.
The fruit sector emerged as a particular bright spot with operations worth $3.626 billion. Fresh cherries led this growth with exports valued at $2.641 billion, marking a 10% increase from 2024. China remained the primary destination for Chilean cherry exports.
Service exports also diversified significantly, with 165 different services exported and 98 showing growth compared to the previous year. Information technology and maintenance sectors drove much of this expansion.
Chilean Exports Break Records in Early 2025 Despite Global Headwinds. (Photo Internet reproduction)
Chile maintains a remarkably open economy, with international trade representing approximately 61% of its GDP. Copper continues to dominate exports at 45% of total sales, followed by manufacturing at 36%.
Chile’s Export Resilience Amidst Global Challenges
China remains Chile’s top export destination at 38.2%, followed by the United States at 15.9%. Japan, South Korea, and Brazil round out the top five markets for Chilean goods.
The country’s export growth occurs despite several challenges, including a relatively small domestic market and potential impacts from La Niña weather patterns. Economic forecasts suggest Chile’s GDP growth may decelerate somewhat in 2025.
Chile’s extensive network of free trade agreements has helped insulate its export sector from some global uncertainties. The country has signed FTAs with major economies including the European Union, United States, China, and South Korea.
Government officials attribute this success to public-private cooperation and Chile’s continued focus on delivering high-quality products to global markets. The positive start to 2025 demonstrates the resilience of Chile’s export-oriented economic model.