Chile export revenue drops 5.9% in the first semester 2019

Export revenue of Chile fell by 5.9% between January and June 2019 compared to the same period in 2018. The country’s National Customs Service reported that the main buyer of Chilean products was China, with a 30% share in total, followed by the United States with 14.3%, and Japan with 9.6%. Together, these three countries account for 53.6% of Chile’s total exports.

Of the total shipments, 50.6% were related to the mining sector, with an emphasis on ores, copper, and concentrates of copper. These exports reached US$18.60bn, a fall of 9% compared to the first half of last year.

During the first half of this year, non-mineral products represented 49.4% of shipments abroad, corresponding to US$18.15bn, 2.6% less than the same period in 2018.

Of exports of non-ores, 22.3% were fruits and fruits, which fell 5.9% in relation to the previous year and totaled US$4.04bn. However, boarding of avocados and cherries stood out, with an increase of 13.4% and 10.3%, respectively.

Another of the exports that stood out was the shipment of seafood, with 18.5% of sales; however, they fell 1.3% over the same period in 2018.

Regarding how the cargo was transported, 88.5% of exports were by sea; followed by the road/land route with 2.1% and the air route with 1.5%.

Aduanas data shows the trend of Chile export revenue from January 2015 to June 2019 in M US$ FOB:

Source: Portal Portuário

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