Chile Mining Exports Continued to Support the Trade Balance in May

Chile recorded a trade surplus of US$2,435mn in May, bolstered by strong mining exports particularly in copper, gold, and lithium. Meanwhile, import activity shows cooling in capital goods, signalling a shift in domestic investment patterns.

Key Takeaways

• 1.Chile's trade surplus reached US$2,435mn in May, exceeding consensus expectations.
• 2.Mining exports (copper, gold, and lithium) remain the primary driver of export growth while capital goods imports have slowed.

Table of Contents

• KEY NUMBERS (May)
• DETAILS
• Disclosure Appendix