U.S.-Chile Trade Facts
U.S. goods and services trade with Chile totaled $29 billion in 2011. Exports totaled $19 billion; Imports totaled $10 billion. The U.S. goods and services trade surplus with Chile was $9 billion in 2011.
Chile is currently our 29th largest goods trading partner with $25.1 billion in total (two ways) goods trade during 2011. Goods exports totaled $16.0 billion; Goods imports totaled $9.1 billion. The U.S. goods trade surplus with Chile was $6.9 billion in 2011.
Trade in services with Chile (exports and imports) totaled $4.2 billion in 2011. Services exports were $3.0 billion; Services imports were $1.2 billion. The U.S. services trade surplus with Chile was $1.8 billion in 2011.
Chile was the United States= 19th largest goods export market in 2011.
U.S. goods exports to Chile in 2011 were $16.0 billion, up 46.6% ($5.1 billion) from 2010, and up 363% from 2000. U.S. exports to Chile are up 489% from 2003 (Pre-FTA).
The top export categories (2-digit HS) in 2011 were: Mineral Fuel (oil) ($5.0 billion), Machinery ($3.0 billion), Vehicles ($1.6 billion), Electrical Machinery ($1.1 billion), and Special Other (low value shipments) ($610 million).
U.S. exports of agricultural products to Chile totaled $569 million in 2011. Leading categories include: wheat ($129 million), feeds and fodders (excluding pet foods) ($93 million), red meats, fresh/chilled/frozen ($49 million), and poultry meat ($45 million).
U.S. exports of private commercial services* (i.e., excluding military and government) to Chile were $3.0 billion in 2011, 23.4% ($572 million) more than 2010 and 120% more than 1994 levels. It was up 193% 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 2011.
Chile was the United States= 39th largest supplier of goods imports in 2011
U.S. goods imports from Chile totaled $9.1 billion in 2011, up 29.5%, ($2.1 billion) from 2010, and up 181% from 2000. U.S. imports from Chile are up 145% from 2003 (Pre-FTA).
The five largest import categories in 2011 were: Copper ($3.3 billion), Edible Fruit and Nuts (grapes, blueberries) ($1.5 billion), Fish and Seafood (salmon fillets) ($866 million), Wood ($573 million), and Precious Stones (gold and silver) ($464 million).
U.S. imports of agricultural products from Chile totaled $2.4 billion in 2011, the 11th largest supplier of Ag imports. Leading categories include: fresh fruit ($1.3 billion), wine and beer ($294 million), planting seeds ($235 million), and processed fruit and vegetables ($232 million).
U.S. imports of private commercial services* (i.e., excluding military and government) were $1.2 billion in 2011, up 7.3% ($84 million) from 2010, and up 40% from 1994 levels. It was up 98% 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.
The U.S. goods trade balance with Chile was $6.9 billion in 2011, up 77.4% ($3.0 billion) from 2010.
The United States has a service trade surplus of $1.8 billion with Chile in 2011, up 37.7% from 2010.
U.S. foreign direct investment (FDI) in Chile (stock) was $34.2 billion in 2011, a 12.1% increase from 2009.
U.S. direct investment in Chile is reported mostly in the finance/insurance and manufacturing sectors.
Chile FDI in the United States (stock) was $362 million in 2011, down 5.5% from 2010.
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 $8.4 billion in 2010 (latest data available), while sales of services in the United States by majority Chile-owned firms were $398 million in 2010.
*NOTE: Refers to private services trade not including U.S. military sales, direct defense expenditures, and other miscellaneous U.S. government services.