Chile's trade surplus widened to USD 1,214 million in January 2020 from USD 1,097 million in the same month of the previous year. Imports dropped 2.9 percent over a year earlier to USD 5,488 million, mainly due to lower purchases of consumption goods (-12.3 percent), of which durable (-17.3 percent) and semi-durable (-13.5 percent); and capital goods (-13.4 percent), namely trucks & cargo vehicles (-14 percent). Exports fell 0.7 percent to USD 6,702 million, due to lower sales of manufactured products (-7.9 percent), in particular food (-3.9 percent) and chemicals (-3 percent); and agricultural, forestry & fishing goods (-6.4 percent), of which grape (-13.6 percent) and cherry (-4 percent). Meanwhile, mining products increased 8.9 percent, boosted by copper (8.4 percent).

Balance of Trade in Chile averaged 472.07 USD Million from 1991 until 2020, 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. source: Banco Central de Chile

Balance of Trade in Chile is expected to be 300.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in Chile to stand at 100.00 in 12 months time. In the long-term, the Chile Balance of Trade is projected to trend around 500.00 USD Million in 2021, according to our econometric models.


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Chile Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
1214.00 1460.38 2968.68 -1384.72 1991 - 2020 USD Million Monthly


Calendar GMT Actual Previous Consensus TEForecast
2019-11-07 11:30 AM Oct $-310M $-20M $ -100M
2019-12-09 11:30 AM Nov $110M $-310M $ -35M
2020-01-07 11:30 AM Dec $1460M $110M $ 230M
2020-02-07 11:30 AM Jan $1214M $1460M $ 700M
2020-03-09 11:30 AM Feb $1214M
2020-04-07 12:30 PM Mar $ 300M
2020-05-07 12:30 PM Apr
2020-06-08 12:30 PM May


News Stream
Chile Trade Surplus Widens in January
Chile's trade surplus widened to USD 1,214 million in January 2020 from USD 1,097 million in the same month of the previous year. Imports dropped 2.9 percent over a year earlier to USD 5,488 million, mainly due to lower purchases of consumption goods (-12.3 percent), of which durable (-17.3 percent) and semi-durable (-13.5 percent); and capital goods (-13.4 percent), namely trucks & cargo vehicles (-14 percent). Exports fell 0.7 percent to USD 6,702 million, due to lower sales of manufactured products (-7.9 percent), in particular food (-3.9 percent) and chemicals (-3 percent); and agricultural, forestry & fishing goods (-6.4 percent), of which grape (-13.6 percent) and cherry (-4 percent). Meanwhile, mining products increased 8.9 percent, boosted by copper (8.4 percent).
2020-02-07
Chile Posts Biggest Trade Surplus since 2014
Chile's trade surplus widened to USD 1,460 million in December 2019 from USD 259 million in the corresponding month of the previous year. It was the widest trade surplus since May 2014. Exports rose 1.3 percent to USD 6,644 million, as higher sales of agricultural, forestry & fishing goods (53.2 percent), mostly fruits (55.1 percent) more than offset decreases in those of mining products (-2.3 percent), of which copper (-2.7 percent) and gold (-13.4 percent) and manufactured products (-3.9 percent), namely processed salmon (-14.2 percent) and cellulose, paper and others (-28 percent). In contrast, imports slipped 17.7 percent to USD 5,184 million, as purchases fell for intermediate goods (-16.7 percent); consumption goods (-16.9 percent) and capital goods (-20 percent).
2020-01-07
Chile Trade Surplus Narrows in November amid Unrest
Chile's trade surplus narrowed to USD 110 million in November 2019 from USD 359 million in the corresponding month of the previous year. Exports dropped 12 percent to USD 5281 million, mainly due to lower sales of mining products (-9.5 percent), in particular copper (-8.7 percent); manufactured products (-15.7 percent), namely food (-13.2 percent), cellulose, paper & others (-38.3 percent), wood furniture (-32.6 percent), and beverages & tobacco (-10.3 percent); and agricultural, forestry and fishing (-6.7 percent), of which fruits (-4.7 percent). Imports declined 8.3 percent to USD 5171 million, mostly due to purchases of intermediate goods (-6.2 percent), in particular energetic products (-18.3 percent); consumption goods (-11.8 percent), mainly durable (-21 percent), other goods (-8.2 percent) and semi-durable (-1.9 percent); and capital (-6.9 percent).
2019-12-09
Chile Trade Gap Little-Changed in October
Chile's trade deficit decreased slightly to USD 310 million in October 2019 from USD 313 million in the corresponding month of the previous year. Exports sank 20.7 percent to USD 5,257 million, mainly due to lower shipments of mining products (-21.2 percent), in particular copper (-22.5 percent) and iron (-52.2 percent); manufactured products (-19 percent), of which food (-8.5 percent), chemicals (-13.1 percent), pulp, paper & others (-34.1 percent) and farming, forestry and fishing (-30.3 percent), mostly fruits (-33 percent). Imports slumped 19.7 percent to USD 5,654 million, amid reduced purchases of intermediate goods (-17.8 percent), namely petrol (-27.5 percent); capital goods (-20.6 percent), of which trucks & cargo vehicles (-34.8 percent), other machinery (-9.6 percent) and consumer goods (-22.3 percent), such as vehicles (-23.8 percent) and clothing (-8.1 percent).
2019-11-07

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.