copper

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 reports a significant growth in Chile's fruit and copper exports, highlighting the country's economic resilience and the promising outlook for trade relations with Southeast Asian nations.

Chile's fruit exports saw an increase of 1.1% in the 2024/25 season, amounting to US$9.460 billion FOB, according to the 'Fruit Bulletin, September 2025' from the Office of Agricultural Studies and Policies (ODEPA). Despite a decline in the unit export prices, the volume of shipments grew by 18.4%, reflecting an additional 467 thousand tons.

Meanwhile, Chile's copper exports are also showing promising signs. The Bank of America's historic copper projection suggests a significant impact for Chile. The recent interruption in operations at the Grasberg mine in Indonesia, the world's second-largest copper mine, has led to concerns about copper supply, driving up price projections to unprecedented levels.

Chile's Foreign Minister, Alberto van Klaveren, has met with ambassadors from the Association of Southeast Asian Nations (ASEAN). The fruitful relationship between Chile and ASEAN was discussed, with a focus on sustainable growth, commercial diversification, and inclusive development. This meeting underscores the potential for increased cooperation and trade between Chile and Southeast Asian nations.

Furthermore, Chile's food exports experienced a 9.5% growth from January to June 2025, reaching a historic high of USD 12.460 billion, according to the Department of Market Intelligence at ProChile. This growth, based on data from the National Customs Service, reflects the strength of Chile's food sector.

In addition, Chile's copper exports amounted to US$30.722 billion between January and July 2025, representing 61% of the total achieved in 2024. China accounted for 50% of shipments, while the United States made up 16%, according to the Chilean Copper Commission (Cochilco).

In conclusion, the growth in Chile's fruit, food, and copper exports, coupled with the strengthening of relations with Southeast Asian nations, demonstrates the robustness of the Chilean economy and its potential for further growth.

• Exportaciones frutícolas de Chile aumentan 1,1% en la temporada 2024/25, impulsadas por los frutos secos (Portalfruticola.com)
• "Para Chile tendrá un impacto notable": Expertos abordan la histórica proyección del cobre del Bank of America (Emol.com)
• Fiebre del cobre: inquietud por el suministro dispara proyección del precio a niveles jamás antes vistos - La Tercera (Latercera.com)
• Ministro se reúne con embajadores de la Asociación de Naciones del Sudeste Asiático | Ministerio de Relaciones Exteriores (Minrel.gob.cl)
• Exportaciones chilenas de alimentos crecen 9,5% de enero a junio de 2025 - PortalPortuario (Portalportuario.cl)
• Exportaciones de cobre suman US$30.722 millones de enero julio (Portalmetropolitano.cl)

The Indonesian-Chilean Chamber of Commerce and Culture is pleased to share the latest developments in the economic and diplomatic relations between Indonesia, Chile and the broader ASEAN community.

The global copper market has seen a significant surge, with prices projected to reach unprecedented levels. This is due to concerns over copper supply following operational interruptions at the Grasberg mine in Indonesia, the world's second-largest mineral deposit. The rise in copper prices has brought positive news for Chile's fiscal coffers, with copper reaching its second-highest level of the year on the London Metal Exchange, closing at US$4.64.

Furthermore, Chile's Minister of Foreign Affairs, Alberto van Klaveren, recently met with ambassadors from the Association of Southeast Asian Nations (ASEAN). The fruitful relationship between Chile and ASEAN was discussed, with a focus on shared priorities such as sustainable growth, commercial diversification, and inclusive development. The meeting underscores the strengthening ties between Chile, Indonesia, and the broader ASEAN community.

In terms of trade, Chilean food exports have seen a significant increase, growing by 9.5% from January to June 2025. This growth has resulted in a historical record, with exports reaching USD 12.46 billion. Additionally, Chile's copper exports amounted to US$30.722 billion between January and July 2025, representing 61% of the total reached in 2024. China continues to be the largest recipient of Chile's copper exports, accounting for 50% of shipments.

Lastly, Chilean salmon has been making waves in international markets. According to the SalmonChile Sustainability Report, a variety of salmon products are being tailored to meet the tastes of different customers worldwide. The U.S. market favors fresh Atlantic salmon fillets, while the Brazilian market prefers whole salmon.

We hope these updates provide valuable insights into the evolving economic and diplomatic landscape between Indonesia, Chile, and the ASEAN community. Stay tuned for more updates in the coming weeks.

• Fiebre del cobre: inquietud por el suministro dispara proyección del precio a niveles jamás antes vistos - La Tercera (Latercera.com)
• Ministro se reúne con embajadores de la Asociación de Naciones del Sudeste Asiático | Ministerio de Relaciones Exteriores (Minrel.gob.cl)
• Exportaciones chilenas de alimentos crecen 9,5% de enero a junio de 2025 - PortalPortuario (Portalportuario.cl)
• Exportaciones de cobre suman US$30.722 millones de enero julio (Portalmetropolitano.cl)
• Mirar hacia Indonesia - EL PAÍS Uruguay (Elpais.com.uy)
• Con valor agregado y etiquetado "saludable": Salmón chileno conquista mercados (Aqua.cl)

The Indonesian-Chilean Chamber of Commerce and Culture highlights the recent developments in the Chilean and Argentinean energy and mining sectors. The Chamber recognizes these advancements as crucial steps towards a more integrated and prosperous South America.

Chilean ports have been identified as strategic outlets for the oil and gas from Argentina's Vaca Muerta field, as discussed during the 39th Committee of Integration of the Lakes. The convention, held in Neuquén, Argentina, brought together authorities from key regions in both countries, emphasizing the importance of energy, trade, and border development.

In 2024, Chile further solidified its position as a global leader in mining exports, particularly in the lithium market, where it accounted for 78% of global exports. The country also maintained its position as the world's top exporter of copper, with shipments exceeding US$50.155 billion, representing 15% of the global total. The copper concentrate and cathodes markets were particularly dominated by Chile, making up 29% and 20% of the global market respectively.

Chile's strong position in the global export market is a testament to the country's efforts to modernize and diversify its economic and trade agreements. In 2024, Chile was the world's largest exporter of 24 products, demonstrating the country's productive capacity and diverse export portfolio.

Meanwhile, Argentina achieved a trade surplus of over US$3 billion in its energy sector in 2025, largely due to strong oil exports to the U.S. and Chile. This development further emphasizes the growing interconnection of the South American energy market.

Chile's dominance in the global copper and lithium markets continued in 2024, despite a year marked by global economic uncertainty. The country's strategic position in international trade was further underscored by its success in the "Pisco War" against Peru, where Chile managed to gain significant market share in the international spirit market.

• Puertos chilenos se posicionan como salida estratégica para el petróleo y gas de Vaca Muerta - Reporte Minero | El portal de minería en Chile (Reporteminero.cl)
• Exportación de litio chileno representó 78% en mercado global (Electromineria.cl)
• 24 exportaciones chilenas lideran a nivel mundial | Marca Chile (Marcachile.cl)
• Argentina alcanza superávit comercial energético de US$ 3.015 millones en 2025, impulsado por fuertes exportaciones de petróleo a EE.UU. y Chile (Redimin.cl)
• Chile lidera exportaciones globales de cobre y litio en 2024 - Reporte Minero | El portal de minería en Chile (Reporteminero.cl)
• Guerra del pisco: Chile da el zarpazo y comienza a desplazar a Perú en el mercado internacional – En Cancha (Encancha.cl)

The Chilean-Indonesian Chamber of Commerce and Culture closely observes the unfolding of recent global events that could impact Chile's export sector, particularly the reinstatement of global tariffs by former U.S. President Donald Trump. This move, as analyzed by former Chilean Foreign Minister Heraldo Muñoz, threatens the Free Trade Agreement between Chile and the United States, which has been in place for over two decades. The Chamber echoes Mr. Muñoz's call for immediate consultations with the U.S. Trade Representative's office to clarify this situation.

Georgina Losada, Santa Fe's Secretary of Foreign Trade, also shared her insights, warning of the potential consequences of a global trade war. Despite the U.S. tariffs not directly affecting Argentina, an indirect impact could be felt in the province of Santa Fe. She highlighted the necessity of swift action to protect local productive sectors.

Meanwhile, Chile's Ministry of Finance announced that copper exports, a significant part of Chile's international trade, will be exempted from the U.S. imposed tariff. This comes as a relief amidst the tension, considering the recent acquisition of four copper projects in the Antofagasta region by Nobel Resources Corp.

On a positive note, the commencement of talks for a Comprehensive Economic Partnership Agreement (CEPA) with India has been celebrated by the president of Fruit of Chile, Iván Marambio. He predicts that this agreement could potentially double Chile's fruit shipments to India, making it a market as significant as Brazil, currently Chile's fourth largest buyer of fresh fruits.

The Chamber reaffirms its commitment to monitoring these developments and providing necessary support to Chilean businesses during these challenging times.

• Heraldo Muñoz advierte impacto de aranceles de Trump para Chile (Radioagricultura.cl)
• Losada: "Estamos frente a una guerra comercial que impactará a todos los países" (Rafaelanoticias.com)
• ¿Y qué pasó con el TLC? Como los aranceles de Donald Trump se "saltan" el acuerdo comercial con Chile | Economía | BioBioChile (Biobiochile.cl)
• Ministerio de Hacienda: Exportaciones de cobre serán excluidas del arancel impuesto por Estados Unidos - NOSTÁLGICA CL (Nostalgica.cl)
• Nobel Resources Corp. adquiere 4 proyectos de cobre en Chile (Redimin.cl)
• Frutas de Chile proyecta duplicar sus envíos a India tras inicio de conversaciones para acuerdo comercial – G5noticias (G5noticias.cl)

The Chile-Indonesia Chamber of Commerce and Culture is reporting on several significant developments in Chile's international trade and diplomatic relations this week.

Chile's dried plum exports continue to thrive, reaching 78 countries in 2024 and totaling 88,897 metric tons, equivalent to USD 255.119 million. This superfood's global reach and economic impact are a testament to Chile's robust agricultural sector.

However, Chile's economy faces threats from the recently announced 10% tariffs on Chilean products by the U.S. This measure, announced by President Trump on April 2, 2025, could potentially impact Chile's economy, which sends 14% of its exports to the U.S. Key products such as salmon, fruits, and wines may be affected, while copper and timber exports are expected to remain unaffected.

According to economist Jean Paul Quinteros, the tariffs could also impact sectors such as oil, leading to increased fuel prices. It is also predicted that there will be an effect on food and technological products imported directly from the U.S., impacting Chile's export competitiveness. In response, it is expected that Chile will seek new trade links.

In diplomatic news, Pablo Arriarán Ahumada has been appointed as the new Chilean ambassador to the People's Republic of China. A seasoned diplomat with extensive international experience, Arriarán's appointment comes at a crucial time for relations between the two countries.

Despite the challenges, Chile has so far successfully navigated the trade war instigated by President Trump. However, the longevity of this resilience remains uncertain, as indirect effects of the conflict could potentially impact Chile's economy in the coming months.

In response to the potential tariffs on copper, the Chilean government, through the Chilean Copper Commission (Cochilco), has submitted a letter to the United States defending its position as a "strategic and reliable partner". This move underscores the gravity with which Chile views the possible imposition of tariffs on its copper exports.

• Exportaciones de ciruelas chilenas deshidratadas suman USD 255.119 millones en 2024 - PortalPortuario (Portalportuario.cl)
• Aranceles del 10% a Chile < El Rancagüino (Elrancaguino.cl)
• Trump impone aranceles de 10% a Chile: economista prevé impacto en alimentos, petróleo y exportaciones | podria-ser-peor-group-programas | BioBioChile Televisión (Biobiochile.cl)
• Destacado Diplomático Asume Liderazgo en Embajada de Chile en China (Reportediario.cl)
• Cómo Chile ha logrado resistir la guerra comercial de Trump e incluso ha salido beneficiado de la misma - La Radio de Santiago (Eldiariodesantiago.cl)
• DF En Infinita | Ante aranceles al cobre: Chile envía carta a Estados Unidos (Infinita.cl)

The Indo-Chilean Chamber of Commerce and Culture is pleased to report a series of significant developments on the international stage. These events highlight the strength and resilience of Chile's diplomatic and economic relations.

The Chilean Government has announced the appointment of Pablo Arriarán Ahumada as the new ambassador to the People's Republic of China. Arriarán, a seasoned diplomat with extensive international experience, assumes this critical role at a pivotal time in the relationship between the two nations. His diplomatic career includes ambassadorial roles in Egypt and Ecuador, and second-in-command positions in the embassies of Ecuador and Argentina. He has also had assignments in countries such as Gabon, Kenya, New Zealand, and the United States.

Chile has managed to successfully navigate the trade war instigated by U.S. President Donald Trump. Despite the uncertainty this conflict has caused for the global economy, Chile has shown resilience and even reaped some benefits. However, the future impact of this conflict on the Chilean economy remains to be seen.

In response to potential U.S. tariffs on copper, Chile, through the Chilean Copper Commission (Cochilco), has submitted a letter to the United States defending its position as a "strategic and reliable partner". The administration of President Gabriel Boric has expressed concern over the possible imposition of tariffs on copper by the Trump administration and is closely monitoring the situation.

The Chilean Copper Commission (Cochilco) presented a letter to the U.S. Department of Commerce defending its role as a strategic and reliable partner in the supply of copper, in light of potential tariffs by the U.S. "We sent a letter to the U.S. Department of Commerce defending the strategic and reliable nature of our country's copper supply," said the Chilean ambassador to the U.S., Juan Gabriel Valdés.

In other news, the inaugural arrival and departure of the cruise ship Star Voyager, which underwent a USD 50 million refurbishment, was celebrated in Jakarta, strengthening the regional presence of the iconic Dream Cruises brand.

Finally, Chilean President Gabriel Boric has embarked on a trip to India with the aim of strengthening relations and attracting investments from the world's most populated country.

• Destacado Diplomático Asume Liderazgo en Embajada de Chile en China (Reportediario.cl)
• Cómo Chile ha logrado resistir la guerra comercial de Trump e incluso ha salido beneficiado de la misma - La Radio de Santiago (Eldiariodesantiago.cl)
• DF En Infinita | Ante aranceles al cobre: Chile envía carta a Estados Unidos (Infinita.cl)
• Chile defiende en EEUU su posición de socio estratégico de cobre ante posibles aranceles – El Diario Santiago (Eldiariosantiago.cl)
• Indonesia: Star Voyager hace salida inaugural desde Tanjung Priok - PortalPortuario (Portalportuario.cl)
• Boric viaja a la India para fortalecer relaciones y atraer inversiones del país más poblado del mundo | Economía | BioBioChile (Biobiochile.cl)

September has been a significant month for both Chilean and Indonesian business and commerce, with a series of noteworthy events and achievements that have taken place in both countries.

In Chile, the Agriculture and Livestock Service of Biobío (SAG Biobío) held a meeting with representatives of blueberry exporting plants, reinforcing the country's commitment to agricultural exports. Additionally, the National Customs Service's Chemical Laboratory has recently achieved accreditation in the area of lithium products, a first in Chile. This accreditation, granted by the National Institute of Standardization (INN), strengthens the supervisory capacities of non-metallic mining exports.

Chile's foreign trade marked a new milestone this month, accumulating shipments valued at US$ 41.392 billion between January and mid-September, the highest level in history. This surpasses the previous record of US$ 40.573.9 billion totalized in 2005. The significant increase in copper prices, which have averaged US$ 2.98 per pound on the London Metal Exchange so far this year, largely contributed to this achievement.

Meanwhile, in Indonesia, the East Java Multipurpose Terminal (EJMT), a business unit of International Container Terminal Services, Inc. (ICTSI) in Lamongan Regency, received two new post-Panamax mobile harbor cranes ESP.8 from Konecranes Gottwald. The new equipment will assist EJMT in handling bulk, project, and container cargo once the terminal begins operations in September.

Lastly, the General Director of ProChile has invited participation in the Silvoagricultural Contest 2025. This initiative is in line with the economic trends in the Chilean agricultural market, which must adapt to the challenges posed by climate change to maintain its position on the global stage. With its unique climatic conditions and rich agricultural heritage, Chile is one of the world's leading exporters of various products.

• SAG Biobío se reunió con representantes de plantas exportadoras de arándanos | La Tribuna (Latribuna.cl)
• Chile: Laboratorio Químico de Aduanas alcanza acreditación en área de productos de litio - PortalPortuario (Portalportuario.cl)
• Indonesia: East Java Multipurpose Terminal recibe nuevas grúas post-Panamax - PortalPortuario (Portalportuario.cl)
• Director General de ProChile invita a participar en Concurso Silvoagropecuario 2025 (Prochile.gob.cl)
• Exportaciones alcanzan el nivel más alto de la historia - AQUA (Aqua.cl)
• Tendencias económicas en el mercado agrícola chileno (Portalmetropolitano.cl)

The Chilean-Indonesian Chamber of Commerce and Culture highlights several key developments in bilateral trade, agriculture, and mining sectors between Chile and Indonesia this week.

The Chilean Blueberry Committee is set to organize a Technical Workshop titled "Efficiency in nutrition and irrigation during post-harvest" on March 27, 2024, at Agrícola Sauerburger. The workshop, which will feature a presentation by José Ignacio Covarrubias, aims to improve post-harvest practices in the blueberry industry.

On the mining front, Adani's copper foundry is set to require Chilean concentrates as part of its US$1.2 billion investment. This development is expected to boost Chile's copper exports and strengthen the bilateral trade relationship between Chile and Indonesia.

Furthermore, India's decision to reduce import duties on Chilean blueberries has been warmly welcomed by Chilean exporters. This move is anticipated to spur Chilean blueberry exports and contribute to the growth of the country's fruit industry.

Meanwhile, the total exports from Biobío have grown by 1.7% in 2023, despite a national decrease of 3.7%. This growth underscores the region's resilience and its significant contribution to Chile's economy.

Chile's fruit industry continues to thrive, with fruit-growing hectares reaching 375,600 hectares by the end of 2022. Over the last decade, the industry expanded by over 76,000 hectares, with cherry plantations leading the growth.

Lastly, Chile has made its presence felt at the world's largest mining fair in Canada, seeking investors and promoting its lithium and copper production. Chile's Minister of Mining, Aurora Williams, emphasized the country's position as a global leader in mineral reserves and its intent to advance in polymetallic mining through public-private partnerships.

• Comité de Arándanos de Frutas de Chile invita a Taller Técnico “Eficiencia en la nutrición y riego durante la postcosecha” – Simfruit (Simfruit.cl)
• Fundición de cobre de Adani de US$ 1.200 millones de inversión requerirá concentrados de Chile (Redimin.cl)
• India reduce aranceles a los arándanos chilenos | Artículo (Eldemocrata.cl)
• Exportaciones totales del Biobío crecen en 1,7% en 2023, mientras que a nivel nacional disminuyeron en 3,7% | La Tribuna (Latribuna.cl)
• Chile: Hectáreas frutícolas llegan a 375.600 hectáreas – Simfruit (Simfruit.cl)
• Chile llega a la mayor feria minera mundial en Canadá para buscar inversionistas y promover el litio y cobre (Reportediario.cl)

The Indo-Chilean Chamber of Commerce and Culture is pleased to report significant developments in the Chilean trade sector. The Chilean cherry, a symbol of prosperity and good fortune in Chinese culture, has become the favorite fruit among Chinese consumers, particularly during the Chinese New Year celebrations which this year falls on February 10th.

Claudia Soler, Executive Director of the Cherry Committee of Frutas de Chile, expressed optimism for the 2023-2024 season. "The condition and quality of our fruit have been good, as producers and exporters understand the importance of quality for the sustainable development of the industry in the future," Soler stated. Despite challenges posed by spring rains, early varieties of cherries were prioritized for air shipments to ensure the fruit's condition.

Furthermore, Chile's trade exchange has seen a resurgence, thanks to copper shipments. According to the first commercial report of the year from the Undersecretariat of International Economic Relations (Subrei), Chile's trade exchange climbed to US$16.144 billion, marking a 2.5% increase compared to January 2023 (+US$400 million). This positive variation is the first after 15 months since October 2022.

In addition, the Los Lagos Agricultural and Livestock Service has certified the shipment of red sarsaparilla to Europe, further diversifying Chile's export portfolio. January 2024 saw a slight improvement in Chilean exports, breaking a nine-month streak of declining foreign sales. According to data from the Central Bank, foreign shipments reached US$ 9.145 billion, a 2.7% increase compared to the same month the previous year.

The Indo-Chilean Chamber of Commerce and Culture continues to support these positive trends in trade exchange, strengthening the economic ties between Chile and its international partners.

• Cereza chilena se posiciona como la fruta favorita para celebrar el Año Nuevo Chino (Eltipografo.cl)
• Intercambio comercial de Chile repunta gracias a los embarques de cobre - NOSTÁLGICA CL (Nostalgica.cl)
• Con volúmenes de exportación récord y un gran consumo las cerezas chilenas se preparan a celebrar el Año Nuevo Chino - Mundoagro (Mundoagro.cl)
• Subrei: Primer Informe Comercial del año arroja un repunte en el intercambio comercial de Chile (Mch.cl)
• SAG los Lagos certifica envío de zarzaparrilla roja a Europa - PL Prensa (Paislobo.cl)
• Exportaciones rompen con nueve meses en rojo | Diario Financiero (Df.cl)