The Russian Federation intends to increase the export of agricultural products to Chile. One of the promising products proposed for export is wheat. This was stated in a report by the "Agroexport" Center at the Ministry of Agriculture.
By 2030, the potential for agricultural exports from Russia to Chile is estimated at $110-111 million.
Currently, the main volume of trade between the two countries consists of Chilean exports. In 2023, they amounted to $460.4 million ($393.1 million in 2022) out of a total volume of $461.4 million ($394 million). Frozen fish exports grew by 25%, while the products and canned mollusks increased by 48.4%. At the same time, there was a significant decrease in grape wine exports by 42.3%. The Russian Federation also imports grapes, pears, plums, kiwis, almonds, and other plant-based products from Chile.
In 2023, the Russian Federation exported agricultural products to Chile amounting to $1 million ($0.9 million). The main exports included flour, potato flakes, and granules, which accounted for 76.8% of the total shipment volume. Additionally, Russia exported vodka, fats, oils from fish, and marine mammals to Chile.
Analysts note that the prospects for expanding trade largely depend on consumer preferences in Chile. When making purchases, consumers pay special attention to the price of the product. The rise in global prices, especially for food products, has a negative impact on the purchasing power of the country's population. However, high-income urban residents in Chile are willing to pay more for high-quality products, and they constitute the main part of the demand.
Furthermore, the retail sector in Chile is actively developing. Large retail chains are expanding their networks and assortment, including imported goods.