Chile Balance of Trade

Last Release

Oct 31, 2024

Actual

1,450

Units In

USD Million

1,820

Frequency

Monthly

Next Release

Dec 09, 2024

Time to Release

30 Days 10 Hours

Highest	Lowest	Average	Date Range	Source
2,968.68 Apr 2007	-1,384.72 Oct 2008	566.84 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's trade surplus surged to $1,450 million in October 2024, up from $703 million in the corresponding period of the previous year, though below market forecasts of $1,540 million. Exports soared by 10.1% over a year ago to a nine-month high of $8,588 million, buoyed by higher shipments of mining products (+14.8%), of which copper (+25.9%); manufactured products (+15.3%) and, to a lesser extent, agriculture, forestry & fishing (+2.5%). Meanwhile, imports rose by only 0.6% to $7,139 million, as increased demand for consumer goods (+8.1%) and capital goods (+9.6%) was tempered by a 4.6% drop in intermediate goods.