Chile is Australia’s 40th largest trading partner in 2016, with Australian/Chilean total trade (exports + Imports) worth A$1.4b in 2016. Both countries signed a free trade agreement, the Australia-Chile Free Trade Agreement, in 2008. Australia sent A$469m of goods exports to Chile in 2016 made up mostly of coal, civil engineering equipment, specialised machinery and parts. Australian imports from Chile were driven by metal ores including copper.
There has been a significant surge in Chilean student enrolments in Australia over recent years likely driven by greater Chilean government funding for scholarships abroad.
Investment in Chile has grown 14% p.a over the last four years. Most of this is in mining; however Australian companies are venturing into other sectors. Boost Juice for example has opened stores in Santiago to capitalise on the expanding middle class. Chile’s inclusion in the Trans-Pacific Partnership adds further upside to the investment and export outlook.