Chile Trade, Exports and Imports

By: EconomyWatch Content   Date: 15 March 2010

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EconomyWatch Content

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EconomyWatch, Content Team

 

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Chile’s trade, exports and imports suffered losses of more than 20% in 2009. The global recession of 2009 forced this South American nation to witness weak trading activities and unfinished projects. Exports account for 40% of Chile’s GDP, with commodities accounting for more than 75% of the total Chilean shipments. Chile’s exports shrunk by 19.3% in 2009 to $159 billion. Chile’s imports in 2009 were worth $9.4 billion, down by 21.4% from $11.9 billion in 2008. However, Chile’s global trade deficit witnessed a 10.3% drop, from $8.9 billion in 2008 to $7.9 billion in 2009.

 

The following table shows Chile’s exports to the US for some commodities and the gain/loss percentage in 2009 compared to 2008.

 

Commodity
Export Worth
Gain/Loss

Fruits and frozen juices

$1.5 billion

0.1%

Copper

$1.3 billion

-49.8%

Fish

$736.9 million

-25.3%

Wine

$275.2 million

21.2%

Industrial inorganic chemicals

$211.9 million

-23.6%

Farming materials

$200.3 million

14.8%

Lumber

$118 million

-63.4%

 

The following table shows Chile’s imports from the US for some commodities and the gain/loss percentage in 2009 compared to 2008.

 

Commodity
Import Worth
Gain/Loss

Fuel oil

$1.4 billion

-51.1%

Civilian aircraft and parts

$1.2 billion

133.6%

Petroleum products

$419.8 million

-42.1%

Computer accessories

$328 million

5.7%

Telecom equipment

$278.5 million

-4.6%

Computers

$263.1 million

-14.5%

Industrial machinery

$222.7 million

6.6%

 

Chile Trade: Exports and Imports

Chile’s primary export commodities include copper, fruit, fish products, paper and pulp, wine and chemicals. The following chart shows the distribution of its main export partners. (All figures in percentages.)

 

Chile's export partners

 

 

The primary import commodities to Chile include petroleum, chemicals, electronics and telecom equipment, vehicles, natural gas and industrial machinery. The following chart shows the distribution of its main import partners. (All figures in percentages.)

 

Chile's import partners

 

 

Chilean Peso (CLP) is the official Chilean currency. The following chart shows the CLP per US dollar during 2005-2009.

CLP per US Dollar 

 

 


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