The Pacific Ocean borders Chile to the west, Argentina to the east, Bolivia to the northeast, and Peru to the north. Chile is a long, thin country that stretches along the western coast of South America. Santiago is the largest city and capital of the nation. Chile's GDP is expected to reach around USD 350 billion in 2024. Chile is the 45th greatest importer in the world, based on statistics on international commerce. In 2024, China will be Chile's biggest exporter. In 2024, as per Chile import data, the nation's total imports are projected to amount to USD 95.6 billion. Refined petroleum continues to be Chile's largest import among all the goods it imports.
Chile's varied economy, several free trade agreements, and strategically located coastal ports make it an important player in global commerce. Chile is a major participant in international imports despite its small size, thanks to its robust infrastructure, free trade policies, and industrial foundation. According to the Chile customs data, the nation's current import basket and trade relations are defined by its emphasis on energy, transportation, consumer electronics, and raw commodities.