Chile posted a trade deficit of USD 352 million in October of 2021 from a surplus of USD 1,626 million in October of 2020, the first trade gap since November of 2019. Imports surged 68.1 percent to USD 8,120 million, driven by intermediate goods (77.3 percent to USD 4,404 million), consumer goods (78.3 percent to USD 2,822 million), and capital goods (57.5 percent to USD 1,762 million). At the same time, outbound sales advanced 20.3 percent to USD 7,768 million, driven by mining products (22.3 percent to USD 4,949 million), namely copper (23 percent to USD 4.481 million), followed by industrial products (16.9 percent to USD 2,476) and agricultural products (18.3 percent to USD 343 million). source: Banco Central de Chile

Balance of Trade in Chile averaged 510.80 USD Million from 1991 until 2021, reaching an all time high of 2968.68 USD Million in April of 2007 and a record low of -1384.72 USD Million in October of 2008. This page provides the latest reported value for - Chile Balance of Trade - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Chile Balance of Trade - data, historical chart, forecasts and calendar of releases - was last updated on November of 2021.

Balance of Trade in Chile is expected to be 1000.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Chile Balance of Trade is projected to trend around 400.00 USD Million in 2022 and 300.00 USD Million in 2023, according to our econometric models.

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Chile Balance of Trade


Calendar GMT Actual Previous Consensus TEForecast
2021-10-07 11:30 AM Sep $79M $6M $ 700M
2021-11-08 11:30 AM Oct $-352M $79M $90M
2021-12-07 11:30 AM Nov $-352M


Related Last Previous Unit Reference
Balance of Trade -352.00 79.00 USD Million Oct/21
Current Account -6504.00 -2717.00 USD Million Sep/21
Imports 8119.80 7350.09 USD Million Oct/21
Exports 7767.77 7428.82 USD Million Oct/21
Capital Flows -7487.00 -4386.00 USD Million Sep/21

News Stream
Chile Switches to Trade Gap in October
Chile posted a trade deficit of USD 352 million in October of 2021 from a surplus of USD 1,626 million in October of 2020, the first trade gap since November of 2019. Imports surged 68.1 percent to USD 8,120 million, driven by intermediate goods (77.3 percent to USD 4,404 million), consumer goods (78.3 percent to USD 2,822 million), and capital goods (57.5 percent to USD 1,762 million). At the same time, outbound sales advanced 20.3 percent to USD 7,768 million, driven by mining products (22.3 percent to USD 4,949 million), namely copper (23 percent to USD 4.481 million), followed by industrial products (16.9 percent to USD 2,476) and agricultural products (18.3 percent to USD 343 million).
2021-11-08
Chile Trade Surplus Narrows in September
Chile’s trade surplus significantly narrowed to USD 79 million in September of 2021 from USD 1,344 million in the same month of the previous year. Imports surged 58.9 percent to USD 7,350 million, driven by intermediate goods (74.6 percent to USD 4,125 million), consumer goods (69.2 percent to USD 2,476 million), and capital goods (34.1 percent to USD 1,495 million). At the same time, exports went up by 24.4 percent to USD 7,429 million, as outbound sales rose for mining products (25 percent to USD 4,721), namely copper (18.5 percent to USD 4,157 million), manufactured products (24.6 percent to USD 2,392 million), and agricultural products (15.3 percent to USD 316 million).
2021-10-07
Chile Trade Surplus Lowest in Near 2 Years
Chile’s trade surplus narrowed sharply to USD 6 million in August of 2021 from USD 1,264 million in the same month of the previous year, the lowest since end 2019. Imports surged 73.1 percent year-on-year to USD 7,816 million, the highest since a record reading in October of 2012 mainly driven by intermediate goods (88.3 percent to USD 4,403 million), followed by consumer goods (91.6 percent to USD 2,588 million), and lastly capital goods (43.9 percent to USD 1,621 million). At the same time, exports went up 35.3 percent to USD 7,822 million, as sales continued to increase for mining products (40.2 percent to USD 4,834 million), namely copper (40.5 percent to USD 4,383 million). Additionally, shipments also increased for manufactured products (29.7 percent to USD 2,594) and agricultural, forestry & fishing goods (19 percent to USD 393 million).
2021-09-07

Chile Balance of Trade
Chile has been recording trade surpluses since 1999, mostly due to a rise in shipments of copper. The most important non mineral exports are processed food, namely salmon; fresh fruit; chemicals; cellulose & paper; forestry & wood products; metals, machinery & equipment; and wine. In 2019, the biggest trade surpluses were recorded with China and Japan while the largest trade deficits with the US, Argentina and Brazil.