Chile posted a trade deficit of USD 352 million in October of 2021 from a surplus of USD 1,626 million in October of 2020, the first trade gap since November of 2019. Imports surged 68.1 percent to USD 8,120 million, driven by intermediate goods (77.3 percent to USD 4,404 million), consumer goods (78.3 percent to USD 2,822 million), and capital goods (57.5 percent to USD 1,762 million). At the same time, outbound sales advanced 20.3 percent to USD 7,768 million, driven by mining products (22.3 percent to USD 4,949 million), namely copper (23 percent to USD 4.481 million), followed by industrial products (16.9 percent to USD 2,476) and agricultural products (18.3 percent to USD 343 million). source: Banco Central de Chile
Balance of Trade in Chile averaged 510.80 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 December of 2021.
Balance of Trade in Chile is expected to be 1000.00 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 400.00 USD Million in 2022 and 300.00 USD Million in 2023, according to our econometric models.