Chile - KURANTKONTO

Chile's current account deficit rose to USD 2.93 billion in the second quarter of 2019 from USD 2.25 billion in the corresponding month of the previous year. The goods surplus narrowed to USD 1.04 billion from USD 1.48 billion in Q2 2018, as exports fell 9 percent amid lower shipments of copper and imports decreased at a softer 7.2 percent dragged down by purchases of consumption and intermediate goods. Meantime, the services shortfall rose slightly to USD 1.21 billion from USD 1.17 billion, as exports of services dropped 0.2 percent, on lower sea and air transportation services. On the other hand, the primary income gap decreased somewhat to USD 3.04 billion from USD 3.37 billion while the secondary income surplus shrank to USD 0.29 billion from USD 0.80 billion a year earlier.

Chile's current account deficit widened to USD 1.02 billion in the first quarter of 2019 from USD 0.34 billion in the corresponding period of the previous year. The goods surplus narrowed to USD 2.18 billion from USD 2.95 billion in Q1 2018 and the services shortfall increased to USD 0.99 billion from USD 0.78 billion. Also, the secondary income surplus declined to USD 0.40 billion from USD 0.43 billion. On the other hand, the primary income gap decreased to USD 2.61 billion from USD 2.94 billion a year earlier.

Chile's current account deficit widened sharply to USD 3,634 million in the fourth quarter of 2018 from USD 1,191 million in the same period a year ago. It is the largest current account gap since the third quarter of 2013. The services gap rose to USD 1,050 million from USD 949 million in Q4 2017 and the goods surplus narrowed to USD 305 million from USD 2,597 million, with exports falling 0.1 percent and imports surging 13.6 percent. Meanwhile, the primary income deficit decreased to USD 3,209 million from USD 3,334 million and the secondary income surplus fell slightly to USD 320 million from USD 495 million in the same period of 2017. In 2018, the country's current account deficit widened significantly to USD 9,157 million from USD 5,965 million, amid a higher primary income deficit of USD 12,241 million compared to a USD 11,379 million in 2017, mainly associated with foreign direct investment in Chile.