LatinNews Regional Monitor: Brazil & Southern Cone - 25 February 2020

* Chile’s central bank (BCCh) has released its latest report on the country’s foreign trade, which shows that Chile’s trade flows totalled US$139.27bn in 2019, a 7.4% decrease on 2018. The value of the country’s exports fell by 7.6% to US$69.68bn, while imports fell by 7.2% to US$69.59bn. The fall in exports was driven by an 8.8% and 8.3% decrease in the mining and industrial sectors’ exports, respectively. The BCCh notes that trade with China, Chile’s largest trade partner, decreased, with a US$2.74bn fall in exports to China and a US$1bn fall in imports. Chile’s trade scenario for the start of 2020 is therefore set to worsen, as the outbreak of coronavirus (Covid-19) has impacted both China’s exports and imports in the first weeks of the year.    

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