Chile recorded a trade surplus of USD 143 million in August of 2019 compared to a EUR 324 million deficit in the same month of the previous year. Exports dropped 4.5 percent to USD 5,952 million, the seventh straight month of decrease, dragged down by lower sales of manufacturing products (-14.4%), mostly food (-6.5%); chemicals (-14.4%); wood & wood products (-21.9%) and basic metals (-31.4%). In contrast, shipments of mining products rose (7.8%), particularly copper (10.3%) and molybdenum (4.4%). Meantime, imports fell 11.4 percent to USD 5,809 million, dragged down by lower purchases of consumer goods (-13.9%); namely both durable (-14.5%) and semi-durable goods (-17.3%); intermediate goods (-11.0%), of which crude oil (-46.3%) and carbon mineral (-31.1%); and capital goods (-6.7 percent). Balance of Trade in Chile averaged 473.72 USD Million from 1991 until 2019, 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.

Balance of Trade in Chile is expected to be 900.00 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 200.00 in 12 months time. In the long-term, the Chile Balance of Trade is projected to trend around 500.00 USD Million in 2020, according to our econometric models.

Chile Balance of Trade
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Calendar GMT Actual Previous Consensus TEForecast
2019-06-07 12:30 PM Balance of Trade May $370M $610M $680M
2019-07-08 12:30 PM Balance of Trade Jun $317M $371M $ 470M
2019-08-07 12:30 PM Balance of Trade Jul $-29M $320M $290M
2019-09-09 11:30 AM Balance of Trade Aug $143M $-29M $-110M
2019-10-08 11:30 AM Balance of Trade Sep $143M $ 550M
2019-11-07 11:30 AM Balance of Trade Oct
2019-12-06 11:30 AM Balance of Trade Nov


Chile Trade Last Previous Highest Lowest Unit
Balance of Trade 143.00 -29.00 2968.68 -1384.72 USD Million [+]
Current Account -2929.20 -883.40 3256.31 -5054.90 USD Million [+]
Current Account to GDP -3.10 -1.50 4.50 -14.00 percent [+]
Imports 5809.00 5799.00 7865.59 492.60 USD Million [+]
Exports 5952.00 5770.00 7760.56 644.40 USD Million [+]
External Debt 194835.20 193992.73 194835.20 2435.00 USD Million [+]
Capital Flows -4007.00 625.00 13891.49 -5487.39 USD Million [+]
Gold Reserves 0.25 0.25 35.96 0.21 Tonnes [+]
Terms Of Trade 96.79 99.28 122.50 58.80 Index Points [+]
Terrorism Index 3.45 3.25 3.97 0.50 [+]
Tourist Arrivals 263280.00 270022.00 521425.00 50093.00 Persons [+]
Foreign Direct Investment -3116.00 46.00 899.37 -6259.76 USD Million [+]
Crude Oil Production 3.00 4.00 13.00 2.30 BBL/D/1K [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



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 chemicals and metals, machinery and equipment , processed food, forestry and wood products, fresh fruit, salmon and wine. On the other hand, the country imports mostly energy products, chemicals, cars, apparel and machinery and equipment. Recently, the biggest trade surpluses were recorded with Japan and China while the largest trade gaps with Brazil, Argentina and the US. 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 - actual data, historical chart and calendar of releases - was last updated on September of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
143.00 -29.00 2968.68 -1384.72 1991 - 2019 USD Million Monthly




Country Last Previous
Argentina 951.00 Jul/19
Australia 7268.00 Jul/19
Brazil 3280.00 Aug/19
Canada -1124.40 Jul/19
China 348.26 Aug/19
Euro Area 24789.70 Jul/19
France -4607.00 Jul/19
Germany 21449.00 Jul/19
India -13450.00 Aug/19
Indonesia 85.10 Aug/19
Italy 7630.87 Jul/19
Japan -136.30 Aug/19
Mexico -1117.00 Jul/19
Netherlands 4127.00 Jul/19
Russia 11224.00 Jul/19
Saudi Arabia 131636.00 Mar/19
Singapore 3787.85 Aug/19
South Africa -2880.82 Jul/19
South Korea 1723.00 Aug/19
Spain -2490000.00 Jul/19
Switzerland 1152.71 Aug/19
Turkey -3191.93 Jul/19
United Kingdom -219.00 Jul/19
United States -53989.00 Jul/19


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