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Chile
U.S.-Chile Trade Facts
U.S. goods and services trade with Chile totaled $20.2 billion in 2008. Exports totaled $12.1 billion; Imports totaled $8.2 billion. The U.S. goods and services trade surplus with Chile was $3.9 billion in 2008.
Chile is currently our 33rd largest goods trading partner with $20.1 billion in total (two ways) goods trade during 2008. Goods exports totaled $11.9 billion; Goods imports totaled $8.2 billion. The U.S. goods trade surplus with Chile was $3.7 billion in 2008.
Trade in services with Chile (exports and imports) totaled $2.7 billion in 2007. Services exports were $1.8 billion; Services imports were $868 million. The U.S. services trade surplus with Chile was $888 million in 2007.
Exports
Chile was the United States' 25th largest goods export market in 2008.
U.S. goods exports to Chile in 2008 were $11.9 billion, up 42.6% ($3.5 billion) from 2007, and up 328% from 1994 (the year prior to Uruguay Round). U.S. exports to Chile are up 336.7% from 2003 (Pre-FTA). U.S. exports to Chile account for 0.9% overall U.S. exports in 2008, up from 0.5% in 1994.
The top export categories (2-digit HS) in 2008 were: Mineral Fuel (oil) ($3.6 billion), Machinery ($2.2 billion), Vehicles ($1.0 billion), Electrical Machinery ($778 million), and Aircraft ($510 million).
U.S. exports of agricultural products to Chile totaled $455 million in 2008. Leading categories include: wheat ($132 million), feeds and fodders (excluding pet foods) ($75 million), and coarse grains ($51 million)
U.S. exports of private commercial services* (i.e., excluding military and government) to Chile were $1.8 billion in 2007 (latest data available), 14.1% ($217 million) more than 2006 and 52.6% ($605 million) more than 1994 levels. Other private services (business, professional, and technical services), and travel categories accounted for most of the U.S. exports in 2007.
Imports
Chile was the United States' 39th largest supplier of goods imports in 2008.
U.S. goods imports from Chile totaled $8.2 billion in 2008, an 8.9% decrease ($803 million) from 2007, and an increase of 350% over the last 14 years. U.S. imports from Chile are up 121% from 2003 (Pre-FTA).
The five largest import categories in 2008 were: Copper ($2.8 billion), Fruit and Nuts (grapes) ($1.4 billion), Fish and Seafood (salmon fillets) ($938 million), Wood ($658 million), and Precious Stones (gold) ($542 million).
U.S. imports of agricultural products from Chile totaled $2.0 billion in 2008, the 11th largest supplier of Ag imports. Leading categories include: fresh fruit ($1.2 billion), wine and beer ($224 million), processed fruit and vegetables ($175 million), and planting seeds ($166 million).
U.S. imports of private commercial services* (i.e., excluding military and government) were $868 million in 2007 (latest data available), up 0.8% ($7 million) from 2006, and up 109% ($452 million) from 1994 levels. Travel, other private services, and transportation categories accounted for most of U.S. services imports from Chile.
Trade Balance
The U.S. goods trade balance with Chile went from a deficit of $684 million in 2007 to a trade surplus of $3.7 billion in 2008.
The United States has a service trade surplus of $888 million with Chile in 2007 (latest data available).
Investment
U.S. foreign direct investment (FDI) in Chile (stock) was $12.6 billion in 2007 (latest data available), a 11.2% increase from 2006.
U.S. direct investment in Chile is mostly in the finance, manufacturing, mining, and banking sectors.
Chile FDI in the United States (stock) was not available in 2007 (latest data available).
Sales of services in Chile by majority U.S.-owned affiliates were $4.9 billion in 2006 (latest data available), while sales of services in the United States by majority Chile-owned firms were not available in 2006 ($2 million in 2003).
*NOTE: Refers to private services trade not including U.S. military sales, direct defense expenditures, and other miscellaneous U.S. government services.