Chile’s trade surplus narrowed sharply to USD 6 million in August of 2021 from USD 1,264 million in the same month of the previous year, the lowest since end 2019. Imports surged 73.1 percent year-on-year to USD 7,816 million, the highest since a record reading in October of 2012 mainly driven by intermediate goods (88.3 percent to USD 4,403 million), followed by consumer goods (91.6 percent to USD 2,588 million), and lastly capital goods (43.9 percent to USD 1,621 million). At the same time, exports went up 35.3 percent to USD 7,822 million, as sales continued to increase for mining products (40.2 percent to USD 4,834 million), namely copper (40.5 percent to USD 4,383 million). Additionally, shipments also increased for manufactured products (29.7 percent to USD 2,594) and agricultural, forestry & fishing goods (19 percent to USD 393 million). source: Banco Central de Chile

Balance of Trade in Chile averaged 514.38 USD Million from 1991 until 2021, 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 September of 2021.

Balance of Trade in Chile is expected to be 700.00 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 700.00 USD Million in 2022 and 500.00 USD Million in 2023, according to our econometric models.

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Chile Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
6.00 604.22 2968.68 -1384.72 1991 - 2021 USD Million Monthly


Calendar GMT Actual Previous Consensus TEForecast
2021-06-07 12:30 PM May $1314M $2040M $900M
2021-07-07 12:30 PM Jun $1095M $1314M $ 700M
2021-08-09 12:30 PM Jul $604M $1095M $800M
2021-09-07 11:30 AM Aug $6M $604M $590M
2021-10-07 11:30 AM Sep $6M $ 700M
2021-11-08 11:30 AM Oct
2021-12-07 11:30 AM Nov


News Stream
Chile Trade Surplus Lowest in Near 2 Years
Chile’s trade surplus narrowed sharply to USD 6 million in August of 2021 from USD 1,264 million in the same month of the previous year, the lowest since end 2019. Imports surged 73.1 percent year-on-year to USD 7,816 million, the highest since a record reading in October of 2012 mainly driven by intermediate goods (88.3 percent to USD 4,403 million), followed by consumer goods (91.6 percent to USD 2,588 million), and lastly capital goods (43.9 percent to USD 1,621 million). At the same time, exports went up 35.3 percent to USD 7,822 million, as sales continued to increase for mining products (40.2 percent to USD 4,834 million), namely copper (40.5 percent to USD 4,383 million). Additionally, shipments also increased for manufactured products (29.7 percent to USD 2,594) and agricultural, forestry & fishing goods (19 percent to USD 393 million).
2021-09-07
Chile Trade Surplus Narrows Sharply in July
Chile’s trade surplus narrowed sharply to USD 604 million in July of 2021 from USD 1,512 million in the same month of the previous year. Imports surged 55.3 percent year-on-year to USD 7,339 million, mainly driven by intermediate goods (58.9 percent to USD 4,071 million), followed by consumer goods (84.0 percent to USD 2,493 million), and lastly capital goods (29.4 percent to USD 1,491 million). At the same time, exports went up a slower 27.3 percent to USD 7,943 million, as sales continued to increase for mining products (34.1 percent to USD 5,144 million), namely copper (31.6 percent to USD 4,584 million). Additionally, shipments also increased for agricultural, forestry & fishing goods (10.6 percent to USD 419 million) and for manufactured products (17.6 percent to USD 2,379).
2021-08-09
Chile Trade Surplus Narrows Markedly in June
Chile’s trade surplus narrowed to USD 1,095 million in June of 2021 from USD 2,202 million in the same month of the previous year. Imports surged 62 percent to USD 6,350 million, driven by a strong recovery in consumer goods (105 percent), intermediate goods (59 percent) and capital goods (33 percent) to pre-pandemic levels. At the same time, exports went up a slower 22 percent to USD 7,445 million, mainly boosted by shipments of mining products (40 percent), which primarily consist of copper exports (43 percent). Additionally, shipments also increased for agricultural, forestry & fishing goods (13.5 percent), while sales fell for manufactured products (-4.5 percent).
2021-07-07
Chile Trade Surplus Narrows in May
Chile’s trade surplus narrowed to USD 1,314 million in May of 2021 from USD 2,089 million in the same period of the previous year. Imports surged 75 percent to USD 6,606 million, driven by purchases of consumer goods (117.9 percent); intermediate goods (65.7 percent) and capital goods (52.3 percent). At the same time, exports advanced at a slower 35% to USD 7,920 million, mainly boosted by shipments of mining products (66.8 percent), namely copper (69.9 percent) as prices for the red metal soared to record highs. Conversely, decreases were seen in sales of manufactured products (-1.1 percent) and agricultural, forestry & fishing goods (-13.5 percent).
2021-06-07

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.