Chile Country Profile

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Map	Industry Profile
	The Chilean economy relies heavily on exports. To increase exports foreign investment is actively encouraged. This policy has proven effective in attracting foreign investment for projects which produce products for export. Chile has exceptional natural resources for the cultivation of aquatic species and this has enabled the aquatic farming industry, particularly the salmon farming industry, to expand rapidly. (Gonsalo M Gajardo and Jose D Nunez, 9/'93) Lately there is a growing awareness that the aquaculture industry must diversify beyond salmon as world market prices have put considerable pressure on the salmon industry. Chile still enjoys a production-cost advantage that enables the country to compete effectively, but diversification would provide a safety net.
Species Reports
*Salmon* During the first five months of this year Chile exported 104,131 tonnes of salmon. Of this 44% (46,313 tonnes) was silver salmon, 31% (32,607 tonnes), was trout and 24% (25,184 tonnes) was Atlantic salmon. Sixty-eight percent of this production was exported to Japan, 21% to the US, 3% to Brazil, 1.4% to France and less than 1% each to Germany, Argentina, Thailand, England, Denmark and Korea. Chile's second major market is the US. In 1997 over 21% of the Chile's total salmon exports went to the US and Japan. Almost 72% of Chile's Atlantic salmon exports went to the US market. In all, other markets, besides the US and Japan, absorbed a mere 10% of Chile's total salmon exports.^{Bill Court, 8/14/98}
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