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Chile

chile flagU.S.-Chile Trade Facts 

U.S. goods and services trade with Chile totaled an estimated $31 billion in 2014 (latest data available). Exports totaled $20 billion; imports totaled $11 billion. The U.S. goods and services trade surplus with Chile was $9.6 billion in 2014.

Chile is currently our 28th largest goods trading partner with $24 billion in total (two way) goods trade during 2015. Goods exports totaled $16 billion; goods imports totaled $8.9 billion. The U.S. goods trade surplus with Chile was $6.7 billion in 2015.

Trade in services with Chile totaled an estimated $5.0 billion in 2014 (latest data available). Services exports totaled $3.8 billion; services imports totaled $1.2 billion. The U.S. services trade surplus with Chile was $2.6 billion in 2014.

According to the Department of Commerce, U.S. exports of goods and services to Chile supported an estimated 63 thousand jobs in 2014 (latest data available) (63 thousand supported by goods exports and 25 thousand supported by services exports).

Exports

  • Chile was the United States' 22nd largest goods export market in 2015.
     
  • U.S. goods exports to Chile in 2015 were $16 billion, down 5.6% ($927 million) from 2014 but up 204% from 2005. U.S. exports to Chile are up 474% from 2003 (pre-FTA). U.S. exports to Chile account for 1.0% of overall U.S. exports in 2015.
     
  • The top export categories (2-digit HS) in 2015 were: mineral fuels ($3.7 billion), aircraft ($3.0 billion), machinery ($2.3 billion), electrical machinery ($1.0 billion), and vehicles ($908 million).
     
  • U.S. exports of agricultural products to Chile totaled $819 million in 2015, our 30th largest agricultural export market. Leading categories include: feeds & fodders  ($120 million), poultry ($83 million), dairy products ($68 million), wheat ($58 million), and beef & beef products ($55 million).
     
  • U.S. exports of services to Chile were an estimated $3.8 billion in 2014 (latest data available), 5.7% ($206 million) more than 2013, and 247% greater than 2004 levels. It was up roughly 286% 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 2015.
     
  • U.S. goods imports from Chile totaled $8.9 billion in 2015, down 6.3% ($596 million) from 2014, but up 33% from 2005. U.S. imports from Chile are up 140% from 2003 (pre-FTA). U.S. imports from Chile are up 140% from 2003 (pre-FTA).
     
  • The top import categories (2-digit HS) in 2015 were: copper ($1.9 billion), edible fruit & nuts (grapes, blueberries) ($1.9 billion), fish and seafood (pacific salmon) ($1.3 billion), wood and wood products ($812 million), and rubber ($401 million).
     
  • U.S. imports of agricultural products from Chile totaled $2.9 billion in 2015, our 13th largest supplier of agricultural imports. Leading categories include: other fresh fruit ($1.6 billion), processed fruit & vegetables ($311 million), wine and beer ($288 million), planting seeds ($155 million), and fruit & vegetable juices ($96 million).
     
  • U.S. imports of services from Chile were an estimated $1.2 billion in 2014 (latest data available), 4.5% ($58 million) less than 2013, but 115% greater than 2004 levels. It was up roughly 164% from 2003 (pre-FTA). Leading services imports from Chile to the U.S. were in the transportation, travel, and intellectual property movies andtelevision programming) sectors.

Trade Balance

  • The U.S. goods trade surplus with Chile was $6.7 billion in 2015, a 4.7% decrease ($332 million) over 2014.
     
  • The United States has a services trade surplus of an estimated $2.6 billion with Chile in 2014 (latest data available), up 11.4% from 2013.

Investment

  • U.S. foreign direct investment (FDI) in Chile (stock) was $27.6 billion in 2014 (latest data available), a 3.7% decrease from 2013. U.S. direct investment in Chile is led by mining, finance/insurance, and manufacturing.
     
  • Chile's FDI in the United States (stock) was $730 million in 2014 (latest data available), up 23.9% from 2013. The distribution of Chile FDI in the United States is not available.
     
  • Sales of services in Chile by majority U.S.-owned affiliates were $11.5 billion in 2013 (latest data available), while sales of services in the United States by majority Chile-owned firms were $178 million.