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The Indonesian-Chilean Chamber of Commerce and Culture is closely monitoring the recent developments in international trade and exports. We are particularly concerned about the potential impact of the United States' 10% tariff on forest imports, announced by President Donald Trump in late September. This tariff could significantly affect the economy of the Biobío Region in Chile, given the importance of the timber industry there.

On a brighter note, we are pleased to report that Peru's mining exports grew by 16.6% in the first half of 2025, reaching US$ 26.553 billion. The main products driving this growth are copper and gold. This positive trend in the mining sector is a promising sign for the economy of the region.

Meanwhile, Indonesia is preparing to expand its foreign trade in Africa and Latin America starting next year. This strategic move is aimed at diversifying export destinations and strengthening economic ties with emerging regions. Negotiations are currently underway with various African countries, including South Africa, with the aim of opening new regional trade agreements.

In the face of global economic uncertainty, the copper market has once again come into focus. The London Metal Exchange (LME) reported a 0.33% increase in the price of copper, trading at US$10,413.5 per metric tonne. This surge is due to a combination of geopolitical, economic, and productive factors in the world's two main suppliers: Chile and Indonesia.

Chile, the world's largest copper producer, is facing a severe drop in production. According to the National Institute of Statistics (INE), copper production fell by 9.9% year-on-year in August, the most significant decrease in over two years. This decline reflects structural problems ranging from lower mineral grades to labor and climate conflicts that have affected operational continuity in several mines in the Andean country.

On the maritime front, Puerto Coronel has been ranked as the best-performing maritime terminal in Chile. Additionally, the international bidding process for the San Antonio Outer Port, a US$4.45 billion megaproject and the largest in the country's history, has attracted five prequalified companies, confirming global interest in one of Chile's most significant infrastructure works in the coming decades.

• Analizan impactos de aranceles a exportaciones forestales de la Región (Diarioconcepcion.cl)
• Exportaciones mineras del Perú crecieron 16,6% en el primer semestre de 2025 (Redimin.cl)
• Indonesia busca ampliar su comercio exterior en África y América Latina - teleSUR (Telesurtv.net)
• El cobre sube ante riesgos de suministro en Chile e Indonesia - .:: Minería en Línea ::. (Mineriaenlinea.com)
• Ranking mundial sitúa a Puerto Coronel como el terminal marítimo con mejor desempeño en Chile | Soychile.cl (Soy-chile.cl)
• Puerto Exterior: Chile atrae a los principales actores globales de la industria portuaria | Marca Chile (Marcachile.cl)

The Chilean Chamber of Commerce and Culture is pleased to share the latest updates on the country's trade and export developments, highlighting the significant strides made in various industries.

Chilean Cherry: Despite facing a challenging season with a 30% price drop in China, the country's main export destination, Chile's cherry industry remains resilient. The industry, which is the third largest export after copper and salmon, managed to total 3.3 billion dollars and 625,000 tons in the previous season, according to the Office of Agricultural Studies and Policies (Odepa) of the Ministry of Agriculture.

Pork Imports: Peru's primary sources of boneless pork imports are Chile and Brazil. From January to July, Peru imported over 5 million kilos of boneless pork, with Chile contributing 54% of the total import value at $8.9 million USD, according to Agrodata.

New Markets for Brazil: Brazil has successfully opened new markets for its poultry and beef in Chile, Saudi Arabia, and Indonesia, demonstrating the country's expanding global reach in the meat industry.

Mining Exports: Chile's mining exports have seen a substantial increase, rising from $34.4 billion USD to $60.554 billion USD between 2015 and 2024. The data from Cochilco's Copper and Other Minerals Statistics Yearbook 2005-2024 provides a comprehensive overview of the production, exports, investment, and taxation of the sector.

Freeport Indonesia: Freeport Indonesia is set to complete repairs in the Gresik smelter by early September, further strengthening the mining sector's operations.

Energy Transition: In a recent article by The Economist, Chile was highlighted as a leading example of energy transition. The country's shift from traditional energy infrastructure to sustainable models was exemplified by ENGIE Chile's BESS Tamaya site, which was transformed from a diesel power plant into a solar plant and battery-based storage system.

• Cereza chilena: Mejoras en la comercialización y nuevos mercados marcan negociaciones por el tercer producto más exportado en Chile  (Eltipografo.cl)
• De Chile y Brasil proviene la mayor parte de las importaciones peruanas de carne de cerdo sin hueso (Agraria.pe)
• Eurocarne - Nuevos mercados para Brasil: Chile y Arabia Saudita para la carne de aves e Indonesia para la de vacuno (Eurocarne.com)
• Cochilco: exportación minera llegó a US$60.554 millones en 2024 (Electromineria.cl)
• Freeport Indonesia completará reparaciones en fundición de Gresik a inicios de septiembre | Rumbo Minero (Rumbominero.com)
• The Economist destaca a Chile como ejemplo de reconversión energética con sitio de ENGIE – MEDIABANCO Agencia de Noticias – Chile (Mediabanco.com)

The Indonesian-Chilean Chamber of Commerce and Culture is closely monitoring the developments in the Chilean mining industry. As reported by Tierramarillano, the industry is facing potential tariff increases, which could pose significant challenges to the sector. The mining industry is considered the backbone of the Chilean economy, and any obstacles to its growth could have far-reaching effects. The chamber has repeatedly stressed the need to repeal articles 7, 8, and 9 of the Mining Code to encourage fresh investments and increase production, thereby earning more foreign exchange for the country.

Amidst escalating tensions between China and the United States, political scientist Juan Pablo Sims suggests that Chile's best course of action is to maintain open trade markets with both countries. As reported by Radio Concierto Chile, the ongoing trade war between the two economic giants threatens to drag other nations into the conflict. The chamber echoes Sims' sentiments, emphasizing the importance of maintaining a balanced trade relationship with both China and the U.S.

In a move towards sustainable mining practices, Chile and the European Union (EU) are strengthening their strategic alliance. According to the Digital Mining Magazine REDIMIN, they aim to promote sustainable value chains in critical minerals through agreements and participation in EXPOMIN 2025. The chamber supports this initiative, recognizing the importance of sustainability in mining and the potential benefits of a closer relationship with the EU.

An Oced-UDP report indicates that 8.3% of Chile's exports could be subject to U.S. tariffs. This places the country in a moderate position concerning the exposure of its shipments. The chamber is keenly following these developments and their potential impact on Chilean exports.

Meanwhile, Peruvian service exports to Chile have seen a 15% growth. Seventeen Peruvian companies specializing in mining services are participating in Expomin 2025 with the aim of strengthening commercial ties with Chile. The chamber welcomes this growth, highlighting the importance of regional cooperation and trade.

Finally, the volume of Chilean salmon exports has fallen in the first quarter of 2025, ahead of Trump's tariff. Despite the decrease in volume, the value of these shipments grew by 5.1% during the same period. The chamber is closely monitoring these developments, recognizing the importance of the salmon industry to the Chilean economy.

• Desafíos que imponen los potenciales aumentos de aranceles a los minerales chilenos – Tierramarillano – Noticias de Atacama y Chile (Tierramarillano.cl)
• Politólogo sobre Chile en la guerra comercial: "Lo que más nos conviene es tratar de mantener ambos mercados abiertos" — Radio Concierto Chile (Concierto.cl)
• Chile y la UE refuerzan alianza en EXPOMIN 2025 para impulsar cadenas de valor sostenibles en minerales críticos (Redimin.cl)
• Informe afirma que el 8,3% de las exportaciones de Chile estarían sujetas a aranceles de EE.UU. (Soychile.cl)
• Exportaciones de servicios peruanos a Chile crecieron 15% (Electromineria.cl)
• Volumen de exportaciones de salmón chileno cae en el primer trimestre 2025 previo al arancel de Trump (Soychile.cl)

In a series of recent developments, the Indonesian-Chilean Chamber of Commerce and Culture has noted a drop in the volume of Chilean salmon exports in the first quarter of 2025, despite the value of these shipments increasing by 5.1% during the same period. This comes ahead of the Trump administration's expected tariffs.

President Boric and former Brazilian President Lula are set to review the key Bioceanic Corridor project, which has sparked Chinese interest. The aim of the meeting is to strengthen bilateral relations between Chile and Brazil and boost logistical and commercial integration.

Chilean Pisco producers have called for the current promotion plan to be converted into a permanent state policy. Amid increased uncertainty and rising US tariff rates, the call emphasizes the urgent need to explore new markets. The Chilean Pisco deserves consistent support and long-term strategies, according to sector leaders.

After nearly a three-month suspension, Chile has successfully reopened the Peruvian market for apple exports. This comes as a result of a new agreement between the Agricultural and Livestock Service (SAG) and the National Agrarian Health Service of Peru (SENASA). The Minister of Agriculture, Esteban Valenzuela, praised the development, highlighting the direct benefit for affected producers.

In light of the potential impact of recent US tariff policies, the government of President Gabriel Boric has stepped up inter-ministerial coordination to protect the Chilean export sector. The Ministers of Foreign Affairs, Finance, Economy, and Agriculture met to evaluate a range of direct and indirect support measures, particularly in the face of a more uncertain global context.

An estimated 8.3% of Chile's exports could be subject to tariffs set by the United States. A study indicates that the effects on our economy will be limited compared to other countries in the region. The 10% tariffs would come into effect on April 5th, with higher tariffs for some countries applying from April 9th. However, the US decided to pause for 90 days for countries with a rate above 10%, reducing it to that minimum for the said period. China was the only nation excluded from this three-month relief.

• Volumen de exportaciones de salmón chileno cae en el primer trimestre 2025 previo al arancel de Trump (Soychile.cl)
• Corredor Bioceánico: Boric y Lula revisarán proyecto clave que despierta interés chino (Soychile.cl)
• Pisqueros solicitan convertir actual plan de promoción en política permanente del Estado de Chile (Elmostrador.cl)
• Chile logra reapertura del mercado peruano para la exportación de manzanas (Diarioconcepcion.cl)
• Gobierno coordina medidas para apoyar a exportadores chilenos ante alza de aranceles en EE.UU. (Diarioconcepcion.cl)
• El 8,3% de las exportaciones de Chile estaría afecto a aranceles fijados por Estados Unidos (Eltipografo.cl)