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.