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.