With a population of over 16 million, Chile exported US$9.6 billion worth of merchandise to the United States in 2006, up 43.5% from 2005 and up 153% since 2002.
Chilean imports from the U.S. rose 30% to $6.8 billion in 2006, up 160% since 2002.
In terms of the merchandise flow between the two countries, America’s trade deficit with Chile was $2.8 billion in 2006, up 136% from 2002. The U.S. trade deficit with Chile increased 92% in 2006 – up from the 28% deficit increase in 2005 from the year earlier.
Chilean Exports to U.S.
Of the $9.6 billion in American imports from Chile in 2006, the following product categories had the highest values.
- Copper …US$4.1 billion (42.7% of Chilean to U.S. exports, up 144.7% from 2005)
- Fruits & preparations (e.g. frozen juices) … $1.3 billion (14%, up 17.9%)
- Fish & shellfish … $957 million (10%, up 26.1%)
- Finished shingles, molding & wallboard … $622.1 million (6.5%, up 17.9%)
- Non-monetary gold … $372.8 million (3.9%, up 61.3%)
- Lumber & rough wood … $327.2 million (3.4%, up 18.3%)
- Industrial inorganic chemicals … $199.5 million (2.1%, up 8%)
- Unmanufactured steelmaking & ferroalloying materials … $191.2 million (2%, down 50.9%)
- Wine & related products … $170.4 million (1.8%, up 2.5%)
- Farming materials including animals … $135.4 million (1.4%, up 25%).
Fastest-Growing Chilean Exports to U.S.
Below are American imports from Chile in 2006 with the highest percentage sales increases from 2005.
- Civilian aircraft (parts) … US$1.2 million (up 930% from 2005)
- Drilling & oil field equipment including platforms … $3.4 million (up 380%)
- Paper & paper products … $3.4 million (up 238%)
- Computer accessories, peripherals & parts … $4.3 million (up 235%)
- Other scientific, medical & hospital equipment … $1.1 million (up 232%).
Chilean Imports from U.S.
Of the $6.8 billion in American exports to Chile in 2006, the following product categories had the highest values.
- Other petroleum products …US$659.6 million (9.7% of Chilean to U.S. exports, up 53.3% from 2005)
- Civilian aircraft … $577 million (8.5%, up 91.7%)
- Fuel oil … $424.7 million (6.3%, down 6.8%)
- Computer accessories … $308.4 million (4.5%, up 7.2%)
- Materials handling equipment … $303.1 million (4.5%, up 13.4%)
- Military aircraft (complete) … $294.9 million (4.3%, up 51,459%)
- Excavating machinery … $280.1 million (4.1%, down 6.7%)
- Minimum value shipments … $211.6 million (3.1%, up 21.4%)
- Computers … $189 million (2.8%, up 32.4%)
- Telecommunications equipment … $177.9 million (2.6%, up 38.8%).
Fastest-Growing Chilean Imports from U.S.
Below are American exports to Chile in 2006 with the highest percentage sales increases from 2005.
- Military aircraft (complete) … US$294.9 million (up 51,459% from 2005)
- Soybeans … $12.2 million (up 41,990%)
- Corn … $81.2 million (up 320%)
- Unmanufactured agricultural industry materials … $9.3 million (up 254%)
- Wheat … $37.9 million (up 219%).
Sources
This analysis is based on latest statistics from the US Census Bureau - Foreign Trade Statistics and CIA World Factbook as of the date of article publication.
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