FX.co ★ Chile Current Account Surplus Shrinks in Q1

Chile reported a current account surplus of $0.63 billion in the first quarter of 2025, down from $1.18 billion during the same period last year. The trade goods surplus experienced a slight decline, reaching $6.90 billion compared to $6.94 billion in the first quarter of 2024, driven by an 8.4% surge in imports alongside a more modest 6% increase in exports. Moreover, the secondary income surplus decreased to $0.06 billion from $0.20 billion. Meanwhile, the deficit in services reduced to $1.77 billion from $2.14 billion, even as the primary income deficit expanded to $4.56 billion from $3.82 billion.