Chilean industry falls 12% in 2020

According to a report through the Undersecretariat for International Economic Relations (SUBREI) on Central Bank data, between January and August 2020, Chile’s industry totaled $83,126 million, 12% less than in the first 8 months of 2019.

More than 84% of the industry’s decline was due to declining imports, which continued to fall in August by 22%, while exports totaled $45. 38 billion at this time, 3. 9% less than in August, the country’s exports totaled $5,421 billion, 11% less than in the same month of 2019.

Undersecretary of International Economic Relations Rodrigo Yáez said that despite the complicated external environment in 2020, 1,389 products raised their exports in August compared to the same month of 2019, adding mandarins, kiwis and oranges.

“Having the largest network of flexible industrial agreements in the world has allowed our exporters to enter major global economies in preferential terms, as they have revived their productive and advertising activities. In August, exports to countries without an industrial agreement fell by 17% while shipments to countries with which we have an agreement fell by 3%, demonstrating the effectiveness of our FTA network,” he said.

It should be noted that citrus exports peaked in August with shipments of $92 million, this is the first year Chile can export citrus culmination to China, and the Asian giant ranks as the 3rd export destination for this fruit (after the United States and Mexico). Japan).

“Trade openness, as well as the opening of plant aptitude to our exportable supply, are crucial points for exporters to move forward in the midst of the crisis,” he said.

The regions that increase their exports between January and August at the same time in 2019 are Atacama, Tarapacá, O’Higgins, Maule, Araucanía.

 

Source: Subrei / simfruit. cl

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