Chile

chile flagU.S.-Chile Trade Facts 

U.S. goods and services trade with Chile totaled $18.6 billion in 2009 (latest data available for goods and services trade combined). Exports totaled $11.5 billion; Imports totaled $7.1 billion. The U.S. goods and services trade surplus with Chile was $4.4 billion in 2009.

Chile is currently our 31st largest goods trading partner with $17.9 billion in total (two ways) goods trade during 2010. Goods exports totaled $10.9 billion; Goods imports totaled $7.0 billion. The U.S. goods trade surplus with Chile was $3.9 billion in 2010.

Trade in services with Chile (exports and imports) totaled $3.4 billion in 2009 (latest data available for services trade). Services exports were $2.2 billion; Services imports were $1.2 billion. The U.S. services trade surplus with Chile was $1.0 billion in 2009.

Exports

Chile was the United States' 24th largest goods export market in 2010.

U.S. goods exports to Chile in 2010 were $10.9 billion, up 16.3% ($1.5 billion) from 2009, and up 292% from 1994 (the year prior to Uruguay Round). U.S. exports to Chile are up 300% from 2003 (Pre-FTA). U.S. exports to Chile account for 0.9% overall U.S. exports in 2010.

The top export categories (2-digit HS) in 2010 were: Machinery ($2.4 billion), Mineral Fuel (oil) ($2.3 billion), Vehicles ($1.2 billion), Electrical Machinery ($878 million), and Plastic ($473 million).

U.S. exports of agricultural products to Chile totaled $421 million in 2010. Leading categories include: wheat ($114 million), feeds and fodders (excluding pet foods) ($61 million), and dairy products ($26 million).

U.S. exports of private commercial services* (i.e., excluding military and government) to Chile were $2.2 billion in 2009 (latest data available), 1.3% ($28 million) more than 2008 and 87% more than 1994 levels. Other private services (business, professional, and technical services and financial services), and travel categories accounted for most of the U.S. exports in 2009.

Imports

Chile was the United States' 38th largest supplier of goods imports in 2010

U.S. goods imports from Chile totaled $7.0 billion in 2010, up 17.7%, ($1.1 billion) from 2009, and up 284% over the last 16 years. U.S. imports from Chile are up 89% from 2003 (Pre-FTA).

The five largest import categories in 2010 were: Copper ($2.2 billion), Edible Fruit and Nuts (grapes, blueberries) ($1.5 billion), Fish and Seafood (salmon fillets) ($559 million), Wood ($518 million), and Beverages (wine) ($279 million).

U.S. imports of agricultural products from Chile totaled $2.3 billion in 2010, the 8th largest supplier of Ag imports. Leading categories include: fresh fruit ($1.4 billion), wine and beer ($274 million), planting seeds ($210 million), and processed fruit and vegetables ($177 million).

U.S. imports of private commercial services* (i.e., excluding military and government) were $1.2 billion in 2009 (latest data available), down 0.1% ($1 million) from 2008, but up 176% from 1994 levels. 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 balance with Chile was $3.9 billion in 2010, up 14.0% ($475 million) from 2009.

The United States has a service trade surplus of $1.0 billion with Chile in 2009 (latest data available), up 3% from 2008.

Investment

U.S. foreign direct investment (FDI) in Chile (stock) was $22.6 billion in 2009 (latest data available), a 37.8% increase from 2008.

U.S. direct investment in Chile is reported mostly in the finance, manufacturing, and banking sectors.

Chile FDI in the United States (stock) was $296 million in 2009 (latest data available), down 9.8% from 2008.

Sales of services in Chile by majority U.S.-owned affiliates were $6.9 billion in 2008 (latest data available), while sales of services in the United States by majority Chile-owned firms were $424 million in 2008.

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