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Chile Exports 14% of its Services to the United States and Operates as a Nearshore Center for the U.S.
Date:10/27/2011

SANTIAGO, Chile, Oct. 26, 2011 /PRNewswire/ -- When we speak of exports, we usually associate them with products such as fruit and wine; however, technology, videogames or engineering, for example, also go out into the world to provide effective solutions and opportunities for development.  This is the behavior shown by countries such as China, India, Korea, Brazil, Mexico and Russia, which are currently the leading countries in the export of services. Chile also figures as an important supplier in this worldwide trend.  

According to the World Trade Organization, services generate two-thirds of the world total of added value, and their export is growing at rates above 10%. In Chile, the export of services in 2010 reached $10,800 million U.S.; it has grown at rates averaging 9% over the past decade and accounts for 60% of GDP, and 70% of the labor force.  Furthermore, it is estimated that the export of Chilean services will reach $13,000 million U.S. by the end of 2011.

In addition to being a sector in development, the chief advantage of the export of services lies in the fact that it is a commercial opportunity allowing for an exchange of knowledge and experience, which confers added value on what is exported. By themselves, commodities and natural resources do not make it possible to generate the margins necessary for the development of the economy, which is why developed countries also foster the development of human resources through education, creativity and innovation to support the advance of this sector which is, in addition, more stable in situations of economic crisis.

As a result of the economic development achieved in recent decades, the solidity of Chilean institutions and the commercial liberalization expressed in numerous free trade treaties, Chile has become a natural connecting bridge between the Americas and the world. Thereby, it currently has access to a potential market of 4 billion individuals on f
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