August 7, 2018 / 2:36 PM / a month ago

UPDATE 1-Chile exports down as global trade tensions intensify

 (Adds context about global trade war)
    SANTIAGO, Aug 7 (Reuters) - Chile posted a trade surplus
 on Tuesday of $375 million in July, the lowest so
far this year, as exports fell amid intensifying tariff tensions
between the United States and China.
    Exports in July were $6.176 billion, also the lowest monthly
figure of 2018, central bank data showed, as shipments of a
range of exports declined from South America's most open
economy. 
    The value of copper exports, though, rose 9.47 percent over
the same month in 2017 due to a jump in production at the
country's largest copper mines which offset the sharp drop in
prices for base metals due to the global trade war. 
    Chile is the world's top copper producer.
    
                          July 2018   June 2018   July 2017
 Trade balance (millions  $375 mln    $483 mln    $510 mln
 of dollars)                                      
 Exports (billions of     $6.176      $6.472      $5.522
 dollars)                                         
 Imports (billions of     $5.801      $5.989      $5.012
 dollars)                                         
 Copper export revenue    $3.004      $3.261      $2.744
 (billions of dollars)                            
 

 (Reporting by Cassandra Garrison, additional reporting by
Antonio de la Jara; Editing by Bernadette Baum)
  
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