Chile posted a trade surplus of USD 1,999 million in February 2023, compared with a deficit of USD 139 million a year ago, though below market forecasts of USD 2,200 million. Exports advanced by 14.2% to USD 8,339 million, boosted by mining products (+8.5%), except copper (-4.2%); manufactured products (+21.6%) and agricultural goods (+22.4%). Meanwhile, imports slumped by 14.8% to USD 6,340 million, amid lower acquisitions of intermediate goods (-16.6%), consumer goods (-27.3%) and capital goods (-3.7%). source: Banco Central de Chile

Balance of Trade in Chile averaged 525.27 USD Million from 1991 until 2023, reaching an all time high of 3019.15 USD Million in April of 2007 and a record low of -1336.59 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 March of 2023.

Balance of Trade in Chile is expected to be 1295.00 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 1686.00 USD Million in 2024 and 1797.00 USD Million in 2025, 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.

API Features Documentation Interested? Click here to contact us
Please Paste this Code in your Website
width
height
 Preview
Chile Balance of Trade



Calendar GMT Actual Previous Consensus TEForecast
2023-02-07 11:30 AM Jan $2596M $1846M $2500M $1261M
2023-03-07 11:30 AM Feb $1999M $2596M $2200M $1126.0M
2023-04-10 12:30 PM Mar $1999M $ 1295M


Related Last Previous Unit Reference
Balance of Trade 1999.00 2596.00 USD Million Feb 2023
Current Account -4993.14 -7522.17 USD Million Dec 2022
Imports 6340.00 6327.00 USD Million Feb 2023
Exports 8339.00 8923.65 USD Million Feb 2023
Capital Flows -829.64 -11177.13 USD Million Dec 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
1999.00 2596.00 3019.15 -1336.59 1991 - 2023 USD Million Monthly

News Stream
Chile Trade Balance Swings to Surplus in February
Chile posted a trade surplus of USD 1,999 million in February 2023, compared with a deficit of USD 139 million a year ago, though below market forecasts of USD 2,200 million. Exports advanced by 14.2% to USD 8,339 million, boosted by mining products (+8.5%), except copper (-4.2%); manufactured products (+21.6%) and agricultural goods (+22.4%). Meanwhile, imports slumped by 14.8% to USD 6,340 million, amid lower acquisitions of intermediate goods (-16.6%), consumer goods (-27.3%) and capital goods (-3.7%).
2023-03-07
Chile Trade Surplus More than Doubles in January
Chile’s trade surplus jumped to USD 2,596 million in January 2023 from USD 1,003 million in the same month of the previous year and above market forecasts of USD 2,500 million. This was the largest monthly trade surplus since May 2007, as exports rose 4.2% year-on-year to an over one-year high of USD 8,924 million, boosted by shipments of manufactured products (+17.4%) and agricultural goods (+20.1%). Conversely, overseas sales of mining products slipped by 9.8%, dragged down by a slump in copper exports (-21.6%). Meanwhile, imports tumbled 16.3% to a near two-year low of USD 6,327 million, amid reduced acquisitions of intermediate goods (-17.6%), consumer goods (-27.5%) and capital goods (-9.1%).
2023-02-07
Chile Posts Widest Trade Surplus in Nearly 2 Years
Chile’s trade surplus jumped to USD 1,846 million in December of 2022 from USD 417 million in the same month of the previous year. This was the largest monthly trade surplus since April of 2021, as imports tumbled 17.7% year-on-year to USD 7.048 million, on lower acquisitions of consumer goods (-31.7%); intermediate goods (-16.9%) and capital goods (-8.6%). Meanwhile, exports fell 1% to USD 8.895 million, dragged down by mining products (-0.2%), of which copper (-13.2%); agricultural goods (-4.2%) and industrial products (-1.7%).
2023-01-09