Chile trade balance swung to a $990 million trade deficit in August of 2022 from a $61.2 million surplus a year earlier. It is also the biggest trade gap recorded since August of 2012. Exports declined 0.8% to $7840 million, the lowest value since February, with copper revenues falling to $3.2 million from $4.5 million a year earlier. Meanwhile, imports jumped 12.6% to a record high of $8829 million. source: Banco Central de Chile

Balance of Trade in Chile averaged 506 USD Million from 1991 until 2022, 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 2022.

Balance of Trade in Chile is expected to be 288.00 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 221.00 USD Million in 2023 and 235.00 USD Million in 2024, according to our econometric models.

Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

Please Paste this Code in your Website
width
height
Chile Balance of Trade



Calendar GMT Actual Previous Consensus TEForecast
2022-08-08 12:30 PM Jul $76M $-11M $622M
2022-09-07 12:30 PM Aug $-990M $76M $453M
2022-10-07 12:30 PM Sep $-990M $ 288M


Related Last Previous Unit Reference
Balance of Trade -989.56 75.59 USD Million Aug 2022
Current Account -6564.45 -5575.19 USD Million Jun 2022
Exports 7840.35 7957.29 USD Million Aug 2022
Imports 8829.91 7881.70 USD Million Aug 2022
Capital Flows -6256.11 -3898.57 USD Million Jun 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
-989.56 75.59 2968.68 -1384.72 1991 - 2022 USD Million Monthly

News Stream
Chile Trade Balance Swings to Deficit
Chile trade balance swung to a $990 million trade deficit in August of 2022 from a $61.2 million surplus a year earlier. It is also the biggest trade gap recorded since August of 2012. Exports declined 0.8% to $7840 million, the lowest value since February, with copper revenues falling to $3.2 million from $4.5 million a year earlier. Meanwhile, imports jumped 12.6% to a record high of $8829 million.
2022-09-07
Chile Trade Surplus Narrows Sharply in July
Chile’s trade surplus shrank to USD 76 million in July of 2022 from USD 585 million in the same month of the previous year. Exports advanced 0.3 percent to USD 7,957 million, with copper revenues at USD 3.42 billion, down 25% from a year earlier. Meantime, imports jumped at a much faster 7.2 percent to USD 7,882 million, led by purchases of intermediate goods (17 percent to USD 4,765 million).
2022-08-08
Chile Switches to Trade Gap in June
Chile posted a trade deficit of USD 11 million in June of 2022 compared to a USD 1,223.34 billion deficit in the same month of the previous year. Exports grew at a softer 11.2 percent on year to USD 8,487 billion amid a sharp fall in copper shipments (-8.9 percent), the country’s main export product. At the same time, imports jumped 32.6 percent to USD 8,498 million.
2022-07-07