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Chile is an open economy with a developed and competitive food industry. Just over half of Chilean food production lands in the domestic market, while 46 percent is exported. Food manufacturers leverage the country’s multiple trade agreements to export Chilean-manufactured processed products to the world.

On February 22, 2022, the Chilean Ministry of Agriculture's Livestock and Agricultural Service modified the testing requirement for U.S. beer shipments to Chile. Beer from the United States will no longer need to be tested upon arrival to Chile.

Argentine beef exports in 2022 are forecast at 700,000 tons, carcass weight equivalent, 30,000 tons below the official USDA number. This number is as the result of a marginally smaller slaughter and beef production than earlier projected.