Economic situation in Chile (December, 2022)
The Embassy of Japan in Chile (department of Economy) published the regular report of economy (December), which partially includes some data from November.
According to the report, the latest economic situation in Chile can be summarized as below.:
The economic activity index fell 2.5% year-on-year in November, while the mining sector fell 3.2% year-on-year.
In the same month, the mining production index fell 3.2% year-on-year, and copper production fell 5.5% year-on-year.
Perhaps due to this factor, the international copper price in December started at $3.73 per pound and closed at $3.80 per pound at the end of the month, that marked the rise of 2.3% from the end of the previous month.
Exports in December totaled $8.89 billion (-1.0% year-on-year).
Of which, mining products amounted to $5.37 billion (-0.2% year-on-year, 60.4% of the total), and copper accounted for $4.28 billion (-13.2% year-on-year, 79.7% of total mining exports).
On the other hand, imports in December totaled 7.05 billion dollars (-17.7% from the same month of the previous year), and the trade balance in December marked a surplus of $180 million.
The amount of trade with China, Japan, and South Korea (November) resulted as below:
With China: exportation 3.23 billion (-5.3%), importation 1.56 billion (-29.2%), total amount of trade 4.79 billion (-14.7%)
With Japan: exportation 700 million (13.8%), importation 240 million (3.8%), total amount of trade 940 million (11.1%)
With South Korea: exportation 470 million (-15.3%), importation 160 million (8.3%), total amount of trade 630 million (-10.3%)
*Dollars, comparing to the same month of the previous year
Reference: The regular report of economy December 2022, from the Embassy of Japan in Chile, Department of Economy.
(The original report is written in Japanese.)