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). source: Banco Central de Chile

Balance of Trade in Chile averaged 513.96 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 June of 2021.

Balance of Trade in Chile is expected to be 1550.00 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 700.00 in 12 months time. 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
1314.00 2040.00 2968.68 -1384.72 1991 - 2021 USD Million Monthly


Calendar GMT Actual Previous Consensus TEForecast
2021-03-08 11:30 AM Feb $1516M $1740M $1550M
2021-04-07 12:30 PM Mar $535M $1516M $1850M
2021-05-07 12:30 PM Apr $2040M $535M $340M
2021-06-07 12:30 PM May $1314M $2040M $900M
2021-07-07 12:30 PM Jun $1314M $ 700M
2021-08-09 12:30 PM Jul
2021-09-07 11:30 AM Aug
2021-10-07 11:30 AM Sep $ 700M


News Stream
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 Trade Surplus Narrows in April
Chile’s trade surplus widened to USD 2,040 million in April of 2021 from USD 1,659 million in the same period of the previous year. Exports jumped 38.7 percent to USD 8,114 million, as record high copper prices pushed copper sales up (69.3 percent vs 51.8 percent in March). Copper accounts for more than half of Chile's total exports. Shipments of manufactured products increased as well (12.5 percent vs 5.9 percent). Meantime, imports advanced at a faster 45.0 percent to USD 6,075 million, amid higher purchases of consumer goods (82.1 percent vs 72.6 percent), capital goods (30.2 percent vs 64.1 percent); and intermediate goods (35.3 percent vs 46.2 percent).
2021-05-07
Chile Trade Surplus Narrows in March
Chile’s trade surplus narrowed to USD 535 million in March of 2021 from USD 1,322 million in the same period of the previous year. Exports jumped 29.3 percent to USD 7,394 million, driven by sales of mining products (52.4 percent), predominantly copper (51.8 percent), helped by global copper prices which remained close to highs not seen in a decade. Shipments also increased for manufactured products (5.9 percent), while sales of agricultural, forestry & fishing goods decreased (-3.4 percent), which mainly consist of fruits (-0.1 percent). Meantime, imports advanced at a faster 56.1 percent to USD 6,859 million, amid higher purchases of consumer goods (72.6 percent); capital goods (64.1 percent); and intermediate goods (46.2 percent).
2021-04-07
Chile Trade Surplus Widens in February
Chile’s trade surplus rose to USD 1,516 million in February of 2021 from USD 760 million in the same period of the previous year. Exports jumped 41 percent to USD 7,071 million, driven by sales of mining products (61 percent), predominantly copper (65.3 percent), helped by global copper prices which soared to highs not seen in a decade. Shipments also increased for agricultural, forestry & fishing goods (72 percent), namely fruits (77.6 percent) and manufactured products (3.5 percent). Meantime, imports advanced at a slower 31 percent to USD 5,555 million, amid higher purchases of intermediate goods (28 percent); consumer goods (37 percent) and capital goods (33 percent).
2021-03-08

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.