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Chile

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The U.S.-Chile Free Trade Agreement United States-Chile Free Trade Agreement  (FTA) entered into force on January 1, 2004.  

U.S.-Chile Trade Facts

U.S. goods and services trade with Chile totaled an estimated $27.8 billion in 2016 (latest data available). Exports were $17.2 billion; imports were $10.5 billion. The U.S. goods and services trade surplus with Chile was $6.7 billion in 2016.

Chile is currently our 29th largest goods trading partner with $24.2 billion in total (two way) goods trade during 2016. Goods exports totaled $13.6 billion; goods imports totaled $10.6 billion. The U.S. goods trade surplus with Chile was $3.1 billion in 2016.

Trade in services with Chile totaled an estimated $6.0 billion in 2016 (latest data available). Services exports totaled $4.3 billion; services imports totaled $1.7 billion. The U.S. services trade surplus with Chile was $2.6 billion in 2016.

According to the Department of Commerce, U.S. exports of Goods and Services to Chile supported an estimated 93 thousand jobs in 2015 (latest data available) (67 thousand supported by goods exports and 26 thousand supported by services exports).

Exports


  • Chile was the United States' 21st largest goods export market in 2017. 

  • U.S. goods exports to Chile in 2017 were $13.6 billion, up 5.2% ($669 million) from 2016 and up 67.0% from 2007. U.S. exports to Chile are up 401% from 2003 (pre-FTA).

  • The top export categories (2-digit HS) in 2017 were: mineral fuels ($3.6 billion), machinery ($1.9 billion), aircraft ($1.3 billion), electrical machinery ($987 million), and vehicles ($935 million).

  • U.S. total exports of agricultural products to Chile totaled $941 million in 2017. Leading domestic export categories include: poultry meat & prods. (ex. eggs) ($107 million), feeds & fodders nesoi ($104 million), wine & beer ($94 million), pork & pork products ($85 million), and dairy products ($78 million).

  • U.S. exports of services to Chile were an estimated $4.3 billion in 2016 6.5% ($264 million) more than 2015, and 200% greater than 2006 levels. It was up roughly 337% from 2003 (pre-FTA). Leading services exports from the U.S. to Chile were in the travel, transport, and intellectual property (computer software) sectors.

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Imports


  • Chile was the United States' 32nd largest supplier of goods imports in 2017.

  • U.S. goods imports from Chile totaled $10.6 billion in 2017, up 19.9% ($1.8 billion) from 2016, and up 17% from 2007. U.S. imports from Chile are up 185% from 2003 (pre-FTA).

  • The top import categories (2-digit HS) in 2017 were: copper ($3.0 billion), edible fruit & nuts (grapes, fresh or dried)  ($1.9 billion), fish and seafood (fillet, other fish meat) ($1.8 billion), wood and wood products ($792 million), and precious metal and stone (gold) ($411 million).

  • U.S. total imports of agricultural products from Chile totaled $2.9 billion in 2017, our 10th largest supplier of agricultural imports. Leading categories include: other fresh fruit ($1.7 billion), wine and beer ($284 million), processed fruit & vegetables ($258 million), planting seeds ($163 million), and fruit & vegetable juices ($67 million).

  • U.S. imports of services from Chile were an estimated $1.7 billion in 2016, 13.2% ($203 million) more than 2015, and 67.8% greater than 2006 levels. It was up roughly 274% from 2003 (pre-FTA). Leading services imports from Chile to the U.S. were in the transport, travel, and technical and other services sectors.

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Trade Balance


  • The U.S. goods trade surplus with Chile was $3.1 billion in 2017, a 26.2% decrease ($1.1 billion) over 2016.

  • The United States has a services trade surplus of an estimated $2.6 billion with Chile in 2016 (latest data available), up 5.5% from 2015.

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Investment


  • U.S. foreign direct investment (FDI) in Chile (stock) was $25.9 billion in 2017, a 10.6% decrease from 2016. U.S. direct investment in Chile is led by manufacturing, finance and insurance, and nonbank holding companies.

  • Chile's FDI in the United States (stock) was $2.1 billion in 2017, up 1.9% from 2016. There is no information on the distribution of Chile FDI in the U.S.

  • Sales of services in Chile by majority U.S.-owned affiliates were $10.4 billion in 2015 (latest data available), while sales of services in the United States by majority Chile-owned firms were $203 million.

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