Chile's exports and imports continue to decline affected by the pandemic

Published 2020년 9월 4일

Tridge summary

Chile's global trade exchange experienced a 13.7% decrease in the first eight months of 2020, totaling $78,476 million, as per the Customs Studies Department due to the Covid-19 pandemic. Exports saw a 9.1% decrease, with China being the main buyer, and imports had an 18.2% decrease. Mining sector exports made up 53.1% of total sales, showing a slight decrease, while non-mining sector sales saw a 15.5% decrease. Fuel sector imports decreased by 34.4%, and non-fuel products imports decreased by 14.9%. Customs duties and taxes collection was $7,808 million, marking a 15.9% decrease compared to the same period in 2019.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

By Redacción PortalPortuario.cl, @PortalPortuario, Chile's global trade exchange figures with the world continue to be affected by the Covid-19 pandemic, as reflected by the figures from the Customs Studies Department for the period of January 1 and August 31, 2020, which also reflected an increase in the flow of products to and from China. According to data, the Chilean global trade exchange was 78,476 million dollars, a decrease of 13.7% compared to the same period of the year. 2019, and a tax collection of 7,808 million dollars. In these eight months, the country's exports decreased in terms of amount by 9.1%, with 45,106.6 million dollars. However, shipments to China increased by 9.8% and remained the main buyer, reaching a share of 35.7% of the country's total exports, followed by the United States (14.3%) and Japan (9.0%)., While total imports had a contraction of 18.2%, totaling 35,865 million dollars. China, in the same way, was positioned as the main seller with a ...

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