Markets
Chile posts $1.314bn trade surplus in May, copper exports up 70pc y/y
- The value of copper shipments increased 70% year-on-year to $4.967 billion in May.
- Total exports from the South American nation hit $7.920 billion, while imports were $6.606 billion.
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SANTIAGO: Chile posted a trade surplus of $1.314 billion in May, the central bank reported on Monday, amid a surge in the value of its copper exports.
The value of copper shipments increased 70% year-on-year to $4.967 billion in May, as prices for the red metal soared to record highs. Total exports from the South American nation hit $7.920 billion, while imports were $6.606 billion.