Its economy remains export-led, which demonstrates clearly that a vast middle class with high incomes doesn't guarantee a domestically driven economy.
"The main weak spot remains exports, with overseas new order inflows stagnating amid weaker economic growth in key markets and the ongoing lethargy of the euro area," he added.
But one thing is clear: "The region," says Tim Condon of ING bank, "remains export-driven .It was not supposexport-driven .It.
But they most likely will not see the light of day for three more months, until a rescue shaft can reach them, and so they stand as a constant reminder, just off center stage, of how dependent Chile remains on exports of natural resources as the principal engine of its economy.
Despite the system's maddening weaknesses, the fact remains that export-heavy Germany is the world's second-largest producer of capital goods.
Speaking of Japan, the aftermath of the financial bubble has obscured the fact that it, too, remains an exporting powerhouse, despite a currency that has risen more than 20% since 2002 and 13% this year alone.
Leonhard remains their proudest export.
Malaysia remains the only export customer for the A400M, with an order for four planes.
French was the language of the Russian court and Russia remains the No.1 export market for French books.
Mining remains the key export industry for Zambia, where the government says two-thirds of the population live below the national poverty line.
Although the economy has shown signs of recovering from a sharp slowdown in the first half of this year, it remains dependent on export growth.
