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Chile

chile flagU.S.-Chile Trade Facts 

U.S. goods and services trade with Chile totaled $33 billion in 2012 (latest data available). Exports totaled $22 billion; Imports totaled $11 billion. The U.S. goods and services trade surplus with Chile was $11 billion in 2012.

Chile is currently our 29th largest goods trading partner with $27.9 billion in total (two ways) goods trade during 2013. Goods exports totaled $17.6 billion; Goods imports totaled $10.4 billion. The U.S. goods trade surplus with Chile was $7.2 billion in 2013.

Trade in services with Chile (exports and imports) totaled $4.6 billion in 2012 (latest data available). Services exports were $3.2 billion; Services imports were $1.4 billion. The U.S. services trade surplus with Chile was $1.9 billion in 2012.

Exports

Chile was the United States' 21st largest goods export market in 2013.

U.S. goods exports to Chile in 2013 were $17.6 billion, down 6.3% ($1.2 billion) from 2012, but up 548% from 2003, (pre-FTA). 

The top export categories (2-digit HS) in 2013 were: Mineral Fuel (oil) ($6.0 billion), Machinery ($2.7 billion), Vehicles ($1.5 billion), Electrical Machinery ($1.1 billion), and Aircraft ($832 million).

U.S. exports of agricultural products to Chile totaled $891 million in 2013. Leading categories include: wheat ($184 million), feeds and fodders (excluding pet foods) ($104 million), poultry meat (excluding eggs) ($72 million), and beef and beef products ($69 million). 

U.S. exports of private commercial services* (i.e., excluding military and government) to Chile were $3.2 billion in 2012 (latest data available), 6.6% ($201 million) more than 2011 and 183% more than 2002 levels. It was up 180% from 2003 (Pre-FTA). Other private services (business, professional, and technical services and financial services), and travel categories accounted for most of the U.S. exports in 2012.

Imports

Chile was the United States' 33rd largest supplier of goods imports in 2013.

U.S. goods imports from Chile totaled $10.4 billion in 2013, up 10.6%, ($992 million) from 2012, and up 180% from 2003, (pre-FTA).

The five largest import categories in 2013 were: Copper ($3.5 billion), Edible Fruit and Nuts (grapes, blueberries) ($1.8 billion), Fish and Seafood (salmon fillets) ($1.3 billion), Wood ($701 million), and Rubber ($359 million). 

U.S. imports of agricultural products from Chile totaled $2.9 billion in 2013, the 8th largest supplier of Ag imports. Leading categories include: fresh fruit ($1.6 billion), planting seeds ($413 million), wine and beer ($321 million), and processed fruit and vegetables ($254 million).

U.S. imports of private commercial services* (i.e., excluding military and government) were $1.4 billion in 2012 (latest data available), up 7.5% ($96 million) from 2011, and up 94% from 2002 levels. It was up 121% from 2003 (Pre-FTA). Other private services (business, professional, and technical services), other transportation (freight services), and travel categories accounted for most of U.S. services imports from Chile.

Trade Balance

The U.S. goods trade surplus with Chile was $7.2 billion in 2013, down 23.1% ($2.2 billion) from 2012.

The United States has a service trade surplus of $1.9 billion with Chile in 2012 (latest data available), up 6.0% from 2011.

Investment

U.S. foreign direct investment (FDI) in Chile (stock) was $39.9 billion in 2012 (latest data available), a 14.0% increase from 2011.

U.S. direct investment in Chile is reported mostly in the finance/insurance and manufacturing sectors. 

Chile FDI in the United States (stock) was $414 million in 2012 (latest data available), up 14.7% from 2011.

There was no information on the distribution of Chile FDI in the United States. 

Sales of services in Chile by majority U.S.-owned affiliates were $9.7 billion in 2011 (latest data available), while sales of services in the United States by majority Chile-owned firms were $177 million in 2011.


*NOTE: Refers to private services trade not including U.S. military sales, direct defense expenditures, and other miscellaneous U.S. government services.

4/4/2014