Exports in Chile

Chile Exports | Economic News & Forecasts

Chile - Exports

Monthly economic activity data suggests the economy lost steam in Q1 in both year-on-year and sequential terms, as pandemic aid wound down, the impact of past pension withdrawals faded and higher inflation and interest rates dampened demand. Moreover, the mining sector was downbeat, with copper production contracting for the eighth straight month in March. Turning to Q2, a second successive quarter-on-quarter GDP contraction is expected, as surging inflation and interest rates eat into purchasing power. Moreover, downbeat business confidence in April suggests weak investment intentions. In April, Congress rejected two pension withdrawal proposals, one of which was presented by the government. This limits the risk of local capital markets becoming depleted, but also highlights President Boric’s weak parliamentary support, which will make future reforms difficult.

Chile - Exports Data

2015   2016   2017   2018   2019  
Exports (USD billion)62.0  60.7  68.8  75.2  69.9  

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Chile Facts

Value Change Date
Bond Yield3.14-0.44 %Dec 30
Exchange Rate752.00.05 %Jan 01

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