Chile's trade surplus decreased to USD 334 million in November of 2018 from USD 651 million a year ago. Imports rose 1.8 percent to USD 5622 million, after a 25.6 percent jump in October, as purchases advanced less for capital goods (2.5% vs 39.7%), intermediate goods (7.3% vs 28.7%) and declined for consumption goods (-5.9% vs 12.7%). Meantime, exports fell 3.5 percent to USD 5955 million, after a 7.2 percent growth in October. Sales were dragged down by mining products (-11.4% vs -5.1%), mostly due to copper (-12.6% vs -6.9%); and agricultural goods (-10.7% vs 16.5%). In addition, shipments of manufactured products advanced less (9.9% vs 27.0%). Balance of Trade in Chile averaged 479.45 USD Million from 1991 until 2018, 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 600.00 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 1420.00 USD Million in 2020, according to our econometric models.