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FOREIGN TRADE
The country has experienced both the trade surplus as well as the balance of payment surplus over the years.
The major exportable commodities of the state are copper, fish, fruits, chemicals, wine, paper and pulp.
The exports partners of the country are US, Japan, China, South Korea, Netherlands, Brazil, Italy and Mexico.
The major importable items of the country are consumer goods, fuels, chemicals, motor vehicles, electrical machinery, heavy industrial machinery and food items. The imports partners of the country are Argentina, US, Brazil and China.
The balance of payment of the country as of the year 2004 is calculated at US $ 6,272 Millions.
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The following diagram gives a clear picture upon the levels of imports and exports in the country.
CONCLUSION
Chile is considered as the first developing nation to borrow from the World Bank in the year 1948. The World Bank through its country assistance strategy has stepped forward for strengthening the economy.
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