Country profile

Chile

The world's largest copper producer and a leading lithium producer, also exporting salmon and fruit.

Updated 11 November 2026. Sources at the bottom of the page.

Capital
Santiago
Population
20.2 million (2026)
Currency
Chilean peso (CLP)
GDP, 2026
US$402 billion
Exports, 2025
US$110.4 billion
Exchange rate
1 USD = 968.8 CLP (11 Nov 2026)

Economy

IMF World Economic Outlook, October 2026. 2026 and 2027 are IMF projections.

0.6%Real GDP growth, 2026
2.6%Real GDP growth, 2027
3.7%Inflation, 2026
9.5%Unemployment, 2026
42.8% of GDPGovernment debt, 2026
-0.3% of GDPCurrent account, 2026

Trade

Top export markets

Share of the country’s exports, 2025

  1. China (36.8%)
  2. United States (16.1%)
  3. Japan (8.1%)
  4. South Korea (4.7%)
  5. Brazil (4.4%)

Main exports

Product groups, share of exports

  1. Ores and concentrates, mainly copper (38.9%)
  2. Refined copper (18.5%)
  3. Fruits, including cherries and grapes (8.8%)
  4. Fish, mainly salmon (7%)
  5. Inorganic chemicals, mainly lithium carbonate (4.4%)

Main trade agreements

  • Free trade agreements with about 65 economies, including the US, China, Japan, Korea and Canada
  • EUโ€“Chile Interim Trade Agreement (in force 2025)
  • Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP)
  • Pacific Alliance (with Colombia, Mexico and Peru)

Trade policy to watch

  • Lithium: under the National Lithium Strategy, the state takes a controlling role in new lithium projects, including through Codelco.
  • Copper: state-owned Codelco and private miners are investing to hold output as ore grades fall.
  • Open trade: Chile has very low tariffs and one of the widest networks of trade agreements.

Energy

Renewables, mainly solar, hydro and wind, produce about two-thirds of Chile's electricity, and coal plants are being retired. Chile imports most of its oil and gas.

What it means for your supply chain

  • Chile is a key source of copper cathode, copper concentrate and lithium.
  • Low-carbon power helps Chilean copper report lower emissions.
  • Earthquakes and long shipping routes are the main logistics risks.

Sources

Figures are the latest published at the time of the update and may since have been revised. This page is for general information, not investment or legal advice.