pending from the International Court of Justice (ICJ) during 2013 and ongoing tensions over military acquisitions that have occasionally sparked (exaggerated) fears of a sub-regional arms race, the bilateral relationship with Lima will continue to be one of the most pressing concerns for Chilean diplomacy in the near future. A related but discrete territorial dispute with Bolivia, which also harks back to the 19th century, revolves around Bolivian claims for an 'exit to the sea' ('salida al mar'), since Bolivia effectively became landlocked when it lost its only coastline to Chile during the War of the Pacific. This information was last updated on 24 JUL 2013, 6:50 AM EDT (10:50 GMT) External Trade Overview In the last decade, China has displaced the US as Chile's main destination for exports, accounting for over 23% of total exports. Next are Japan and the US, which represent 11% each of Chilean total exports, followed by regional neighbour Brazil (5.5%). The US is still Chile's main supplier of imports, accounting for over 20% of the total, followed by China with almost 17% of total imports. Neighbour countries Brazil and Argentina supply over 8% and 6% of Chile's imports, respectively. Chile's export earnings are dominated by mining products (around 64% of all exports), followed by industrial goods (about 28%), and agriculture, forestry, and fish (6.3%). In turn, Chile's imports are dominated by intermediate goods (around 53% of the total), followed by consumption goods and capital goods, which account for around 23% and 17% of the total, respectively. Trading Partners Chile: Major Trading Partners, 2012 EXPORTS IMPORTS Country Billions of USD Percent Share Country Billions of USD Percent Share China 18.8 23.9 United States 17.4 21.9 United States 9.6 12.2 China 14.4 18.2 Japan 8.4 10.6 Argentina 5.3 6.7 South Korea 4.5 5.8 Brazil 5.2 6.5 Brazil 4.3 5.5 Germany 2.9 3.6 Netherlands 2.7 3.5 Japan 2.6 3.3 India 2.6 3.3 Mexico 2.6 3.3 Italy 2.0 2.5 South Korea 2.6 3.3 Peru 1.8 2.3 Colombia 2.2 2.8 Spain 1.6 2.0 Ecuador 2.2 2.7 Source: IMF, Direction of Trade Chile: Major Trading Partners, 2000 EXPORTS IMPORTS
Created on 05 Sep 2013 Page 19 of 19 Country Billions of USD Percent Share Country Billions of USD Percent Share United States 3.2 16.8 United States 3.3 17.8 Japan 2.5 13.2 Argentina 2.9 15.5 United Kingdom 1.1 5.6 Brazil 1.3 7.2 Brazil 1.0 4.9 China 1.0 5.1 China 0.9 4.7 Japan 0.7 3.8 Mexico 0.8 4.2 Germany 0.6 3.3 Italy 0.8 4.2 Mexico 0.6 3.3 South Korea 0.8 4.1 South Korea 0.5 2.9 Argentina 0.6 3.3 Canada 0.5 2.8 France 0.6 3.3 France 0.4 2.4 Source: IMF, Direction of Trade Analyst Contact Details: Claudia Wehbe, Arthur Dhont Created on 05 Sep 2013 Reproduction in whole or in part prohibited except by permission. All Rights Reserved Information has been obtained by sources believed to be reliable. However, because of the possibility of human or mechanical errors by our sources, IHS Global Insight Inc. does not guarantee the accuracy, adequacy, or completeness of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information.
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