Chile’s February copper exports reached $3.92 billion, a 6.7% increase year-on-year. The trade surplus for the month was $1.63 billion, underperforming compared to economists’ forecasts of $2.10 billion.
In February, Chile, the leading producer of copper globally, reported copper exports totaling $3.92 billion. This figure represents a 6.7% increase compared to the same month last year, according to information released by the central bank. Furthermore, Chile achieved a trade surplus of $1.63 billion during this period, which, however, fell short of the $2.10 billion surplus anticipated by economists surveyed by Reuters.
In summary, Chile’s copper export performance in February reflects positive growth compared to the previous year, although the overall trade surplus did not meet economic expectations. Overall, the $3.92 billion in copper exports showcases the country’s significant role in the global metal market.
Original Source: www.tradingview.com
