Infographic: 5 facts about ZOFRI Iquique Free Trade Zone in Chile
Aug 2, 2013 by
Tax Free Trade zone was established in 1975 and it has seen explosive growth thanks to an ideal location and huge interest from China and the United States.
With over 200 hectares of industrial and commercial space, there are well over 1600 companies based in the limits – making use of the favorable tax conditions and local labor force of over 200,000.
General Facts about Zofri Iquique
Established in 1975. 38 years old.
Unemployment has halved. 7% from 15% percent in 1975.
Population of the town has more than doubled - from 75,000 to 216,000
Set over 200 hectares of commercial trading space, more than 1600 companies.
Figures of Zofri Iquique
Sales have more than doubled from 1889 million dollars in 2005, to 4411 million dollars in 2012. (source 1)
Purchases have increased even more dramatically - from 2005's 1.999 million dollars to over 4840 million dollars in 2012.
2404 million dollars of sales are made from Chile, with the remaining 2007 million dollars of sales made abroad. (45% percent of sales are abroad - primarily Paraguay, Bolivia and Peru)
Main Trading Partners of Zofri Iquique
Bolivia - 53% of sales abroad (1057 million dollars in 2012)
Paraguay - 20% of sales abroad (395 million dollars in 2012)
Peru - 18% of sales abroad (359 million dollars in 2012) Top 3 Selling Products of Zofri Iquique
Combustibles and Lubricants - 727 million dollars worth in 2012 (sales of C & L more than doubled in 6 years - from 316 million dollars in 2006.)
Automotive Parts - 725 million dollars worth in 2012
Electronic Components - 471 million dollars worth in 2012 Top Purchasing Countries of Zofri Iquique
China = 42% of all purchases (2037 million dollars worth of purchases 2012) U.S.A = 19% of purchases (908 million dollars - up from 248 million in 2005)
Japan = 9% of purchases (403 million dollars 2012) Chile = 8% of purchases (439 million dollars 2012)
Tax Free Zones
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