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LatinNews Daily - 10 August 2020

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In brief: Chile’s trade slumps

* Figures from Chile’s national customs service show that in the first seven months of 2020, Chile’s trade balance was down 14.1% compared with the same period in 2019, to a total US$68.66bn – a slump indicative of the ongoing impact of the coronavirus (Covid-19) pandemic on global trade. The figures show that Chile’s exports were US$39.6bn in the same period, down 10% compared with the same period in 2019, while imports reached US$31.2bn, down 18.1%. In the first seven months of 2020, China remained Chile’s main export market, accounting for 35.8% of exports followed by the US (14.3%) and Japan (9%).