Brazil-Chile trade set new records in 2021, with significant increases in trade flow (export+import), Brazilian exports, and surplus. Bilateral trade flow totaled US$ 11.421 billion, the highest in the series’ history, driven by US$ 6.999 billion in Brazilian exports, with a US$ 2.547 billion balance in favor of Brazil. Chile, in 2021, was the fifth leading destination for Brazilian exports and the twelfth-largest supplier to Brazil. Moreover, forecasts indicate that the two parties will have an even stronger relationship in 2022, as the free trade agreement entered into force on January 28. In 2021, the business flow between Brazil and Chile had the best since 1997. According to data from the Foreign Trade Secretariat (Secex) of the Ministry of Economy, Brazilian sales to Chile registered an expressive increase of 81.8%, compared to 2020, and totaled US$ 6.999 billion. Chilean exports also showed a relevant increase of 52.7% to US$ 4.422 billion.
Sources: Comex do Brasil/Datamar News