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Chile

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 $30.5 billion in 2017 (latest data available). Exports were $18.2 billion; imports were $12.3 billion. The U.S. goods and services trade surplus with Chile was $5.8 billion in 2017.

Chile is currently our 29th largest goods trading partner with $26.7 billion in total (two way) goods trade during 2018. Goods exports totaled $15.3 billion; goods imports totaled $11.4 billion. The U.S. goods trade surplus with Chile was $4.0 billion in 2018.

Trade in services with Chile (exports and imports) totaled an estimated $6.3 billion in 2017 (latest data available). Services exports were $4.6 billion; services imports were $1.8 billion. The U.S. services trade surplus with Chile was $2.8 billion in 2017 (latest data available).

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' 20th largest goods export market in 2018.
     
  • U.S. goods exports to Chile in 2018 were $15.3 billion, up 12.8% ($1.7 billion) from 2017 and up 29.4% from 2008. U.S. exports to Chile are up 465% from 2003 (pre-FTA).
     
  • The top export categories (2-digit HS) in 2018 were: mineral fuels ($5.0 billion), machinery ($2.1 billion), vehicles ($1.1 billion), electrical machinery ($1.0 billion), and aircraft ($654 million).
     
  • U.S. total exports of agricultural products to Chile totaled $979 million in 2018. Leading domestic export categories include: wine & beer ($111 million), poultry meat & prods. (ex. eggs) ($108 million), other feeds and fodders ($105 million), pork & pork products ($91 million), and dairy products ($77 million).
     
  • U.S. exports of services to Chile were an estimated $4.6 billion in 2017 (latest data available), 5.6% ($242 million) more than 2016, and 157% greater than 2007 levels. It was up roughly 361% from 2003 (pre-FTA). Leading services exports from the U.S. to Chile were in the travel, transport, and intellectual property (computer software) sectors.

Imports

  • Chile was the United States' 32nd largest supplier of goods imports in 2018.
     
  • U.S. goods imports from Chile totaled $11.4 billion in 2018, up 7.7% ($815 million) from 2017, and up 39% from 2008. U.S. imports from Chile are up 207% from 2003 (pre-FTA).
     
  • The top import categories (2-digit HS) in 2018 were: copper ($3.0 billion), edible fruit & nuts (grapes, fresh or dried)  ($2.1 billion), fish and seafood (fillet, other fish meat) ($2.0 billion), wood and wood products ($888 million), and precious metal and stone (gold) ($479 million).
     
  • U.S. total imports of agricultural products from Chile totaled $3.1 billion in 2018, our 13th largest supplier of agricultural imports. Leading categories include: other fresh fruit ($1.9 billion), processed fruit & vegetables ($298 million), wine and beer ($239 million), planting seeds ($158 million), and fruit & vegetable juices ($68 million).
     
  • U.S. imports of services from Chile were an estimated $1.8 billion in 2017 (latest data available), 16.2% ($250 million) more than 2016, and 103% greater than 2007 levels. It was up roughly 286% from 2003 (pre-FTA). Leading services imports from Chile to the U.S. were in the transportation, travel, and professional and management services sectors.

Trade Balance

  • The U.S. goods trade surplus with Chile was $4.0 billion in 2018, a 30.1% increase ($919 million) over 2017.
     
  • The United States has a services trade surplus of an estimated $2.8 billion with Chile in 2017, down 0.3% from 2016.

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 2016 (latest data available), while sales of services in the United States by majority Chile-owned firms were $433 million.