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Knowledge You Must Know to Develop Chile's Foreign Trade Market

Aug 30, 2024

1, Market analysis
1. Chile is known as the "land of the ends of the earth", with a small population, but it is already the fifth largest e-commerce market in Latin America. The continuously growing online shopping culture has made it the country with the highest per capita sales in the region. Chile has also become a gold mining destination for many sellers to enter the Latin American market.
2. Chile has a population of about 18.7 million, with an Internet penetration rate of 82% and a smartphone penetration rate of 72%. The main categories imported by Chile from China are mechanical and electrical products, textiles and raw materials, base metals and products, furniture, toys, miscellaneous products, shoes, boots, umbrellas, ceramic glass, etc.

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2, Humanistic characteristics
1. Language: Spanish. International phone code: 56. Time difference with Beijing: -12.00.
2. Personality traits: Chileans have an outgoing and cheerful personality, with joy, anger, sadness, and happiness written on their faces. They enjoy making friends. At the same time, he is meticulous in his budgeting and careful in his spending.
3. Social platforms and communication tools: Grindr, Facebook, Skype, LinkedIn, Facebook Messenger, WhatsApp, etc.
4. Main festivals: New Year's Day (January 1st every year), Grape Harvest Day (March 10-18 every year), Easter (March 21st every year), Labor Day (May 1st every year), Navy Day (May 21st every year), San Pedro Day (June 29th every year), National Day (September 18th every year), Army Day (September 19th every year), Christmas Day (December 25th every year), etc.

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3, Compilation of Chilean related online platforms
1. Search engine:
www.google.cl/
http://www.unabot.com/chile.shtml
www.antena.cl/
http://caribseek.com/
blancas.amarillas.cl/
2. Main e-commerce platforms: Amazon, Mercadolibre.cl http://Falabella.com The Yapo.cl,Ripley.cl, Global AliExpress, Walma, CornerShop, Sodimac.cl, etc.
3. Government website:
Chinese Embassy in Chile: http://cl.mofcom.gov.cn/
Chilean government: www.gob.cl/
Chilean Customs: www.aduana.cl/
4. Other information websites:
Chile's National Public Procurement Platform: www.mercadopublico.cl/Home
Yalwa Chile:www.yalwa.cl/
Whitepages Chile: http://www.whitepages.com/white-pages/chili-wi
Yenino: http://www.yenino.com/cl
Chile Timetable: www.lahora.cl/

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4, Foreign trade related information
1. Main exhibitions: Chile Santiago International Building Materials Exhibition, Chile Santiago International HVAC and Refrigeration Exhibition, Chile Monte Port International Fisheries Exhibition, Chile Santiago International Mining Exhibition, Chile Santiago International Power Lighting Exhibition, Chile International Automotive and Parts Exhibition, Chile Santiago International Food Service Exhibition, Chile Santiago International Power Transmission Exhibition, etc.
2. Main ports: Valparaiso Port, San Antonio Port, Antofagasta Port, Arica, Iquique, Tocopilla, Mejillones, Antofagasta, etc.
3. When following up with Chilean buyers, it is also necessary to master skills. Telephone follow-up is more effective. As we all know, Chileans have a leisurely pace of life and banks do not work on weekends. Therefore, the Spanish words for "reply tomorrow" (ma ana) or "reply immediately" (ahora misto) are both meant to indicate that you are waiting. If there is no reply, it is recommended to follow up more times by phone.
4. Chileans like durable products. If the product quality is good, they are not very concerned about price differences and will not frequently change suppliers. They are very loyal customers. But in reality, the majority of cheap and low-end products from China have entered, which makes Chileans both hate and love Chinese goods. So the key to doing business with Chile is to make him believe that the things he buys are "durable goods".

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5. Chile is an important partner of China in the South American region, having created multiple "firsts" in developing relations with China. Chile was the first South American country to establish diplomatic relations with China and the first to support China's accession to the World Trade Organization. The China Chile Free Trade Agreement is the first free trade agreement signed between China and Latin American countries. Since its official implementation in October 2006, it has driven the rapid development of bilateral economic and trade relations between China and Chile. George He stated that against the backdrop of rampant global trade protectionism, the upgrade of the China Chile Free Trade Agreement has sent a very positive signal to the world.
6. Chile's import policy is the most open among all countries in South America, and its government departments have the highest transparency. The customs clearance of imported goods is very fast, and all that is needed is to prepare the necessary documents and cooperate with experienced customs brokers to smoothly complete the import procedures. If exporting to Chile, a Form F certificate of origin is required. Chile and China have signed an agreement on preferential tax rates, and if goods come from China, tariffs can be waived.

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