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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 $29.8 billion in 2015 (latest data available). Exports totaled $19.5 billion; imports totaled $10.3 billion. The U.S. goods and services trade surplus with Chile was $9.1 billion in 2015.

Chile is currently our 29th largest goods trading partner with $21.7 billion in total (two way) goods trade during 2016. Goods exports totaled $12.9 billion; goods imports totaled $8.8 billion. The U.S. goods trade surplus with Chile was $4.1 billion in 2016.

Trade in services with Chile totaled an estimated $5.6 billion in 2015 (latest data available). Services exports totaled $4.0 billion; services imports totaled $1.6 billion. The U.S. services trade surplus with Chile was $2.4 billion in 2015.

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' 23rd largest goods export market in 2016.
     
  • U.S. goods exports to Chile in 2016 were $12.9 billion, down 16.2% ($2.5 billion) from 2015 but up 96.5% from 2006. U.S. exports to Chile are up 377% from 2003 (pre-FTA).
     
  • The top export categories (2-digit HS) in 2015 were: mineral fuels ($3.0 billion), aircraft ($2.1 billion), machinery ($1.8 billion), electrical machinery ($962 million), and vehicles ($702 million).
     
  • U.S. exports of agricultural products to Chile totaled $855 million in 2015. Leading categories include: corn (116 million), wheat ($78 million) poultry meat and prods. (ex. eggs) ($77 million), dairy products ($60 million), and wine & beer ($59 million).
     
  • U.S. exports of services to Chile were an estimated $4.0 billion in 2015 (latest data available), 8.4% ($309 million) more than 2014, and 217% greater than 2005 levels. It was up roughly 306% from 2003 (pre-FTA). Leading services exports from the U.S. to Chile were in the travel, transportation, and intellectual property (computer software) sectors.

Imports

  • Chile was the United States' 32nd largest supplier of goods imports in 2016.
     
  • U.S. goods imports from Chile totaled $8.8 billion in 2016, up 0.3% ($27 million) from 2015, but down 8.0% from 2006. U.S. imports from Chile are up 137% from 2003 (pre-FTA). 
  • The top import categories (2-digit HS) in 2015 were: edible fruit & nuts (grapes) ($2.2 billion), copper ($1.7 billion), fish and seafood (salmon) ($1.5 billion), wood and wood products ($804 million), and special other (returns) ($330 million).
     
  • U.S. total imports of agricultural products from Chile totaled $3.1 billion in 2016, our 9th largest supplier of agricultural imports. Leading categories include: other fresh fruit ($1.9 billion), processed fruit & vegetables ($311 million), wine and beer ($290 million), planting seeds ($161 million), and fruit & vegetable juices ($76 million).
     
  • U.S. imports of services from Chile were an estimated $1.6 billion in 2015 (latest data available), 10.0% ($142 million) more than 2014, and 139% greater than 2005 levels. It was up roughly 238% from 2003 (pre-FTA). Leading services imports from Chile to the U.S. were in the transport, travel, and intellectual property movies (computer software) sectors.

Trade Balance

  • The U.S. goods trade surplus with Chile was $4.1 billion in 2016, a 37.9% decrease ($2.5 billion) over 2015.
     
  • The United States has a services trade surplus of an estimated $2.4 billion with Chile in 2015 (latest data available), up 7.4% from 2014.

Investment

  • U.S. foreign direct investment (FDI) in Chile (stock) was $27.3 billion in 2015 (latest data available), a 1.0% decrease from 2014. U.S. direct investment in Chile is led by mining, finance/insurance, and manufacturing.
     
  • Chile's FDI in the United States (stock) was $2.1 billion in 2015 (latest data available), up 149.5% from 2014. The distribution of Chile FDI in the United States is not available.
     
  • Sales of services in Chile by majority U.S.-owned affiliates were $9.6 billion in 2014 (latest data available), while sales of services in the United States by majority Chile-owned firms were $180 million.