Chile’s trade surplus shrank to USD 76 million in July of 2022 from USD 585 million in the same month of the previous year. Exports advanced 0.3 percent to USD 7,957 million, with copper revenues at USD 3.42 billion, down 25% from a year earlier. Meantime, imports jumped at a much faster 7.2 percent to USD 7,882 million, led by purchases of intermediate goods (17 percent to USD 4,765 million). source: Banco Central de Chile

Balance of Trade in Chile averaged 515.60 USD Million from 1991 until 2022, 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 August of 2022.

Balance of Trade in Chile is expected to be 627.00 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 221.00 USD Million in 2023 and 235.00 USD Million in 2024, according to our econometric models.

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Chile Balance of Trade



Calendar GMT Actual Previous Consensus TEForecast
2022-07-07 12:30 PM Jun $-11M $851M $ 741M
2022-08-08 12:30 PM Jul $76M $-11M $622M
2022-09-07 11:30 AM Aug $76M


Related Last Previous Unit Reference
Balance of Trade 75.59 -11.32 USD Million Jul 2022
Current Account -5575.19 -7553.97 USD Million Mar 2022
Imports 7881.70 8498.32 USD Million Jul 2022
Exports 7957.29 8487.00 USD Million Jul 2022
Capital Flows -3898.57 -6910.17 USD Million Mar 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
75.59 -11.32 2968.68 -1384.72 1991 - 2022 USD Million Monthly

News Stream
Chile Trade Surplus Narrows Sharply in July
Chile’s trade surplus shrank to USD 76 million in July of 2022 from USD 585 million in the same month of the previous year. Exports advanced 0.3 percent to USD 7,957 million, with copper revenues at USD 3.42 billion, down 25% from a year earlier. Meantime, imports jumped at a much faster 7.2 percent to USD 7,882 million, led by purchases of intermediate goods (17 percent to USD 4,765 million).
2022-08-08
Chile Switches to Trade Gap in June
Chile posted a trade deficit of USD 11 million in June of 2022 compared to a USD 1,223.34 billion deficit in the same month of the previous year. Exports grew at a softer 11.2 percent on year to USD 8,487 billion amid a sharp fall in copper shipments (-8.9 percent), the country’s main export product. At the same time, imports jumped 32.6 percent to USD 8,498 million.
2022-07-07
Chile Trade Surplus Narrows in May
Chile’s trade surplus shrank to USD 851 million in May of 2022 from USD 1,079 million in the same month of the previous year. Imports jumped 25.7 percent to USD 8,437 million, boosted by purchases of intermediate goods (40.4 percent), consumer goods (16.5 percent) and capital goods (13.5 percent). Meanwhile, exports advanced at a slower 19.2 percent to USD 9,289 million, driven by sales of industrial products (35.5 percent), agricultural products (40 percent), and, to a lesser extent, mining products (9.8 percent) with copper shipments falling 18.3 percent.
2022-06-07