Chilean export data shows that the most important export market for Chile is China. The Chinese market buys around one third of all Chilean exports. That is twice as much as the US market. Chile is eager to enter a strategic partnership that stretches the Pacific Ocean and includes 11 Asian and Latin American countries. This strategic partnership promotes trade with Asia.
The Sino-US trade war has had a major impact on South American countries. Analysts have lowered the projected economic growth rate to 2% as a result of the Sino-US trade war. The Chilean minister of finance, Felipe Larraín Bascuñán, stated that China is one of the most open new and upcoming markets in the world. Chile plans to open the market even further.
Source: Chilecn.com