March 9, 2020 / 11:50 AM / a month ago

Chile copper export revenue down 2.3%, imports down 18.1% in February - Central Bank

SANTIAGO, March 9 (Reuters) - Chilean copper export revenue dropped 2.3% in February while imports to the Latin nation dropped 18.1%, the central bank said on Friday, as the world´s top copper producer struggled with weak demand from its main buyer China and domestic unrest.

Chile posted a trade balance of $821 million in February, the bank said. Total exports were down 6.6% to $5.134bn, while imports dropped 18.1% to $4.313 billion

Copper exports were valued at $2.484 billion. China is the world’s top copper consumer, and Chile is the red metal’s top producer. (Reporting by Fabian Cambero and Aislinn Laing; editing by Louise Heavens)

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