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.