Overview of best prospect sectors, major infrastructure projects, significant government procurements and business opportunities.
U.S. companies are generally respected for the high quality of their products and services and known for their innovation. Energy costs in Chile are among the highest in South America and Chile needs to expand its installed capacity to meet demand over the next decade. As such, Chile is searching for technology and capital to increase supply through new energy generation (exclusively renewable) and energy efficiency.
Chile looks to leverage private sector involvement in public works projects and infrastructure via concessions and will continue to use this strategy going forward. Chile has privatized much of its infrastructure and basic services, such as ports, highways, transportation, and water supply. There is also significant private sector involvement in education, retirement/pensions, health care, and telecommunications.
In 2021, Chile concluded auctions for 5G spectrum, awarding various contracts to five telecommunications companies. As the mobile carriers must rapidly expand their mobile infrastructure in accordance with these contracts, many will be procuring new hardware and software, especially innovative solutions to reduce operating space and costs while increasing speed and efficiencies. Carriers are also considering new software applications to increase consumer engagement in 5G.
Leading opportunities for U.S. exports of equipment and services include clean energy, healthcare, safety and security, environmental technologies, agricultural equipment, water resources, high-value food products, telecommunications, automotive parts, mining, and construction industries.