Chilean exports hit record highs in the first four months of 2023

Chilean exports reached record-high values in Jan-Apr 2023, according to a government report based on data from the Central Bank and Customs. The Andean country’s exports rose to $34.633 million, a 7.3% increase ($2.358 million) from the same period in 2022.

The three main export categories showed growth: mining exports totaled $18.616 million (+$789 million, 4%), forestry and agricultural products reached $3.857 million (+$388 million, 11%), and industrial goods increased to $12.161 million (+$1.181 million, 11%).

The number of exporting companies also increased in all productive sectors, with the manufacturing industry, services, fishing and aquaculture, wines, forestry, and agriculture standing out.

The Subsecretary of International Economic Relations, Claudia Sanhueza, stated that the government has been working to allow micro, small, and medium-sized companies in Chile to increase their product and service sales in international markets. She mentioned that the Chilean export supply is expected to grow significantly in 2023.

Sanhueza added that these numbers endorse “the Government’s commitment to international trade that benefits everyone, supported by inclusive exchanges that offer new opportunities for exporters from all regions of the country.”

Chile’s commercial exchange amounted to $62.740 million in Jan-Apr 2023, registering a 6.2% drop compared to the same period in 2022 ($4.135 million). This decline was mainly due to an 18.8% decrease in imports (-$6.493 million), which was not fully offset by the 7.3% increase in exports (+$2.358 million). Overall, the country’s trade balance recorded a positive balance of $8.647 million in the same period.

See below the export and import trends of containerized cargo handled in Chile between Jan 2019 and Dec 2022, according to the DataLiner service developed by Datamar.

Container exports and imports | Chile | Jan 2019 – Dec 2022 | TEU

Source: DataLiner (click here to request a demo)

Chilean exports were led by molybdenum oxide, fresh cherries, iodine, pork meat, tires, machines, cardboard, salmon, dried fruits, blueberries, kiwis, and corn seeds.

In terms of geographical distribution, Asia and Oceania remain the main destination for Chilean exports, accumulating $19.973 million. Europe is the region that saw the most significant increase in exports in 2023, reaching $3.403 million (+17.4%, +$504 million), followed by North America with operations of $6.096 million (+8.4%, +$471 million), and Latin America with returns of $4.300 million (+12.5%, +$247 million).

Chilean service exports also grew by 48% (+$216 million) in the first four months of 2023, reaching a record-high value of $670 million in the country.

Source: PortalPortuario

To read the original news report in Spanish, click on: https://portalportuario.cl/exportaciones-chilenas-logran-su-mayor-valor-desde-que-existe-registro/

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