Overview In March 2023 Santiago exported $1.85B and imported $406M, resulting in a positive trade balance of $1.45B. Between March 2022 and March 2023 the exports of Santiago have decreased by $-85.9M (-4.43%) from $1.94B to $1.85B, while imports decreased by $-582M (-58.9%) from $988M to $406M.
Trade In March 2023, the top exports of Santiago were Refined Copper ($759M), Copper Ore ($436M), Sulfate Chemical Woodpulp ($209M), Molybdenum Ore ($101M), and Raw Copper ($66.8M). In March 2023 the top imports of Santiago were Telephones ($48.1M), Integrated Circuits ($29.6M), Computers ($27M), Trunks and Cases ($12.7M), and Other Measuring Instruments ($9.95M).
Destinations In March 2023, Santiago exported mostly to China ($831M), United States ($467M), South Korea ($109M), Japan ($64.6M), and Mexico ($39.1M), and imported mostly from United States ($177M), Canada ($35.5M), Panama ($25M), China ($20M), and Germany ($16.3M).
Growth In March 2023, the decrease in Santiago's year-by-year exports was explained primarily by an decrease in exports to Hong Kong ($-16M or -98.3%), Spain ($-8.39M or -20.4%), and Peru ($-2.83M or -17.5%), and product exports decrease in Copper Ore ($-209M or -37.1%), Pitted Fruits ($-12.7M or -21.6%), and Gold ($-6.94M or -20.9%). In March 2023, the decrease in Santiago's year-by-year imports was explained primarily by an decrease in imports from United States ($-55.5M or -21%), Panama ($-43.6M or -90.8%), and Spain ($-32.5M or -53.9%), and product imports decrease in Computers ($-50.9M or -54.4%), Industrial Printers ($-48.5M or -92.6%), and Telephones ($-46.1M or -50.9%).