Chile Balance of Trade

Last Release

Dec 31, 2024

Actual

2,390

Units In

USD Million

1,380

Frequency

Monthly

Next Release

Feb 07, 2025

Time to Release

29 Days 11 Hours

Highest	Lowest	Average	Date Range	Source
2,968.68 Apr 2007	-1,384.72 Oct 2008	573.3 USD Million	1991-2024	Banco Central de Chile

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.

Latest Updates

Chile logged a trade surplus of $2,390 million in December 2024, up from $1,785 million in the corresponding period of the previous year. This was the largest trade surplus in almost a year, as exports jumped by 18.9% year-on-year to a three-year high of $9,422 million, on higher shipments of mining products (+8.9%), notably copper (+12.8%), silver (+103.5%) and gold (+45.6%). Exports also increased sharply for agriculture, forestry & fishing (+103%), mostly fruits (+105%); and manufactured products (+15.9%). Meanwhile, imports rose by 14.6% to $7,032 million, driven by purchases of consumer goods (+15.6%), intermediate goods (+11.1%) and capital goods (+25.1%).