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Trade & Money

Chile posts November trade surplus even as copper exports soften

Chile posted a trade surplus of $334 million in November, the central bank reported on Friday, putting an end to a trade deficit that has lingered since August.

The surplus came even as the value of copper exports in world top copper exporter Chile softened by 12.5 percent over the same month in 2017 amid price votality and U.S.-China trade tensions that have affected the price of the red metal.

The surplus was attributed primarily to a fall in the value of imports, the bank said.

Source: https://www.reuters.com/article/chile-tradefigures/chile-posts-november-trade-surplus-even-as-copper-exports-soften-idUSL1N1YC0B2

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