Industry Reports
Latin and South America

Country Profile: Chile

September 5, 2025

Chile is Latin America’s most trade‑open economy, with a network of over 30 trade agreements that cover more than 90% of its exports. Chile maintains a favorable trade and investment environment for Virginia companies, supported by the U.S.-Chile Free Trade Agreement - the U.S. is Chile’s second largest export destination (15.9%) and top import source (20%). Virginia companies looking to do business in Chile should partner with local distributors/agents familiar with regulations, language, and logistics, establish joint ventures or local representative offices, and leverage FTA benefits and Chile’s pro-business environment for easier market penetration. Target sectors for Virginia companies include agricultural machinery and equipment, agricultural products, aquaculture and forestry products, energy, environmental technologies, IT and digital services, mining equipment and machinery, safety and security solutions, manufacturing and food processing, and tourism and exportable services.