Chile’s trade activities from January to July 2023 amounted to US$107.358 billion, marking a decline of 10.1% compared to the same period the previous year, as the Directorate of Studies of the Undersecretariat of International Economic Relations (Subrei) reported.
During these seven months, Chile’s exports amounted to US$57.887 billion, reflecting a modest 1% increase from the previous year.
The Subrei noted a decline in shipments of traditional export goods like copper (a primary commodity for the South American nation), lithium carbonate, and cellulose.
Nevertheless, the country demonstrated diversification in its export portfolio, shipping a range of 4,275 non-traditional items.
These included molybdenum concentrates, oat grains, salmon fillets, shell-less hazelnuts, tires, tomato puree, mussels, horse mackerel, shell-less walnuts, dried plums, fresh clementines, horizontal freezers, cardboard, and fresh oranges.
Chilean companies catered to 190 global markets, with their top trading partners being China, the United States, South Korea, Japan, and Brazil.
On the flip side, the country’s imports experienced a more significant decline, with the recorded value standing at US$49.471 billion in the same period.
This was a 20.3% decrease compared to the same months in the previous year.
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