Trade between Chile and China up 46.9% in Q1 2021

Data from the Chilean Customs Studies Department shows that between January and March this year, exports totaled US$8,571.7 million, an increase of 42.4% over the same period in 2020. Imports, meanwhile, totaled US$5,334.3 million, amounting to an increase of 63.3%.

March imports increased 136.5% compared to the same month in 2020, reaching US$2,065 million, while exports grew 48.6% with shipments for US$2,597.4 million.

Chile’s National Director of Customs José Ignacio Palma detailed that “the trade figures have ratified during the last months the importance of having taken adequate contingency measures to tackle the pandemic. This has allowed us to have a foreign trade in constant growth and contributing decisively to the development of Chile.” also quoted Palma as saying: “In the particular case of trade with China, the first half of 2021 again shows that the Asian giant is today the cornerstone of Chilean foreign trade, so many of our control and inspection efforts are focused on import and export processes with this country.”

Up to March 31 of this year, China remained the main buyer with a 40.9% share of total Chilean exports.

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