Chile

Chile ranked No. 26 in total trade value through June with a total of $11.87 billion. Exports totaled $6.53 billion and Imports totaled $5.34 billion, a surplus of $1.19 billion.

U.S. trade with Chile rose to $11.87 billion through June

Chile’s trade with the United States rose to $11.87 billion through the first six months of 2020, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 8.73 percent below its total trade during the same time period last year. U.S. exports to Chile decreased 11.91 percent while U.S. imports from Chile fell 4.51 percent. The U.S. surplus with Chile was $1.19 billion.

Through June, the top five among the nation’s airports, seaports and border crossings were No. 1 Miami Int’l Airport; No. 2 Port of Houston; No. 3 Port of Panama City, Fla.; No. 4 Port Everglades, Fla.; and No. 5 Port of Philadelphia. During the same period the previous year, the top five were No. 1 Miami Int’l Airport; No. 2 Port of Houston; No. 3 Port Everglades, Fla.; No. 4 Port of Panama City, Fla. and No. 5 Port of Philadelphia. In the current time period, the top five accounted for 44.9 percent of Chile’s U.S. trade.

Among those top five:

  • Trade with No. 1 Miami Int’l Airport rose 3.7 percent to $2.12 billion.
    Exports fell 0.74 percent to $1.23 billion. Imports rose 10.59 percent to $884.38 million.
  • Trade with No. 2 Port of Houston fell 11.79 percent to $1.2 billion.
    Exports fell 9.93 percent to $1 billion. Imports fell 20.17 percent to $196.72 million.
  • Trade with No. 3 Port of Panama City, Fla. fell 3.42 percent to $696.76 million.
    There were no exports. Imports fell 3.1 percent to $696.76 million.
  • Trade with No. 4 Port Everglades, Fla. fell 17.89 percent to $681.71 million.
    Exports fell 26.91 percent to $420.11 million. Imports rose 2.42 percent to $261.6 million.
  • Trade with No. 5 Port of Philadelphia fell 0.52 percent to $632.92 million.
    Exports rose 264.12 percent to $38.06 million. Imports fell 4.94 percent to $594.86 million.

Chile ranked No. 26 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 29.

Meanwhile, total U.S. trade with the world increased to $1.77 trillion, down 57.4 percent compared to the same period last year. The nation’s exports dropped 58.23 percent to $687.16 billion; imports dropped 56.85 percent to $1.08 trillion. The nation’s top five countries so far this year, by value, are Canada; Mexico; China; Japan and Germany. The overall trade deficit was $391.01 billion, down compared to the same period of last year when the deficit was $853.23 billion.

The top five U.S. exports to Chile by value through June were the categories of Gasoline, other fuels; LNG, other petroleum gases; Oil; Civilian aircraft, parts; and Low value shipments, respectively. They accounted for 43.2 percent of total exports to Chile.

The value of the top five categories of U.S. imports from Chile –– Refined copper, alloys, unwrought; Fish fillets, chilled or frozen; Grapes, fresh or dried; Strawberries, blueberries, raspberries, etc.; and Returned exports, without change –– accounted for 59.14 percent of all inbound shipments.

Looking more closely at U.S. exports to Chile:

  • Gasoline, other fuels fell 4.85 percent compared to last year to $1.55 billion.
  • LNG, other petroleum gases fell 4.02 percent compared to last year to $384.77 million.
  • Oil fell 8.09 percent compared to last year to $338.44 million.
  • Civilian aircraft, parts fell 0.49 percent compared to last year to $310.71 million.
  • Low value shipments fell 9.91 percent compared to last year to $234.99 million.

Looking more closely at U.S. imports from Chile:

  • Refined copper, alloys, unwrought fell 4.26 percent compared to last year to $1.17 billion.
  • Fish fillets, chilled or frozen fell 3.27 percent compared to last year to $961.13 million.
  • Grapes, fresh or dried fell 4.38 percent compared to last year to $630.99 million.
  • Strawberries, blueberries, raspberries, etc. fell 13.86 percent compared to last year to $226.48 million.
  • Returned exports, without change fell 0.99 percent compared to last year to $169.77 million.

In the latest annual figures available, Chile recorded $26.17 billion in trade with the United States. Total U.S. exports to Chile were $ 15.78 billion and imports from Chile were $10.39 billion. The U.S. surplus with Chile was $5.38 billion.