Imports to Chile rose 3.0 percent year-on-year to USD 5639 million in January of 2019, mainly due to higher purchases of capital goods (17.7 percent), namely other machinery (51.3 percent) and machinery for mining and construction (20.6 percent). Meanwhile, imports dropped for consumer goods (-0.1 percent), of which durable (-0.8 percent) and intermediate (-1.8 percent), mainly energy products (-7.0 percent). Imports in Chile averaged 3021.72 USD Million from 1991 until 2019, reaching an all time high of 7865.59 USD Million in October of 2012 and a record low of 492.60 USD Million in February of 1991.
Imports in Chile is expected to be 6100.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Imports in Chile to stand at 6100.00 in 12 months time. In the long-term, the Chile Imports is projected to trend around 6200.00 USD Million in 2020, according to our econometric models.