This is a best prospect industry sector for this country. Includes a market overview and trade data
Last Published: 4/5/2018

Overview

Chile is considered to be one of the most stable developing markets within Latin America with an impressive 5 percent average GDP growth rate over the last 20 years. However, the economy has slowed in recent years, with just 2.1 percent in 2015, and 1.6 percent in 2016.  Forecasted 2017 GDP growth is still weak, at 1-2 percent.  Chile and the United States entered a Free Trade Agreement in 2004, which increased bilateral trade 340 percent. Chile is also progressive in its development and is continuing to liberalize economic activity through FTAs and supporting the flow of open markets.

Becas Chile was created in 2008 as a response to the urgent requirement to have productive and entrepreneurial academics. The program offers 2,500 scholarships in all fields of studies. The scholarships are available for postgraduate degrees, internships for technical graduates and teaching programs.  However, starting in 2018, Becas Chile will concentrate their efforts and resources in areas that are considered a priority for the country, such as Water Resources, Resilience to Disasters of Natural Origin, and Digital Transformation.

Approximately 20 percent (526 students in 2016) of the students that apply to these scholarships choose the United States because of its proximity to Chile and its reputation in higher education standards. With the United States and Chile increasing bilateral trade and FDI, we can look forward to a progressive future between the United States and Chile.

Leading Sub-Sectors

English language programs for professional development are excellent to market in Chile as the demand for bilingual business professionals proficient in English is continually growing Study exchange programs for undergraduate students and graduate students are also another service in high demand. Materials used to market U.S. educational programs should be printed in Spanish or supported by a local Spanish speaking representative.

Opportunities

Although the Chilean market is relatively small compared to other international markets, Chile is stable and a great opportunity to break into South American markets. There is also additional government support as they are committed to education exchange and professional development between the United States and Chile.

• Today, 40 percent of 18 to 24-years-olds are enrolled in higher education
• Generally, from 22 years old upwards, students consider the possibility of studying English abroad. Most students have little or no English language experience, and therefore the most demanding course is a general English program. However, the demand for specialized English programs for professionals is increasing significantly.
• Many universities in Chile support exchange programs especially to U.S. universities because of its relatively close location and the English learning opportunities.
• A great way to enter the market, and learn of the opportunities for U.S. colleges/universities that Chile offers is by participating in education trade shows/events.

Web Resources

Prepared by our U.S. Embassies abroad. With its network of 108 offices across the United States and in more than 75 countries, the U.S. Commercial Service of the U.S. Department of Commerce utilizes its global presence and international marketing expertise to help U.S. companies sell their products and services worldwide. Locate the U.S. Commercial Service trade specialist in the U.S. nearest you by visiting http://export.gov/usoffices.

Prepared by our U.S. Embassies abroad. With its network of 108 offices across the United States and in more than 75 countries, the U.S. Commercial Service of the U.S. Department of Commerce utilizes its global presence and international marketing expertise to help U.S. companies sell their products and services worldwide. Locate the U.S. Commercial Service trade specialist in the U.S. nearest you by visiting http://export.gov/usoffices.



Chile Education Trade Development and Promotion