SANTIAGO – Chile posted a trade surplus of $685.2 million last month, down from $923 million in January 2015, the Central Bank reported Monday.
The surplus resulted from exports valued at $5.12 billion and imports of $4.44 billion.
Exports fell 14.1 percent compared with January 2015 and imports declined 12 percent.
Foreign sales of copper, Chile’s main export, came in at $2.05 billion last month, down from $2.75 billion a year earlier, while total mining exports plunged from $3.03 billion in January 2015 to $2.22 billion last month.
The Andean nation ran a trade surplus of $4.14 billion in 2015.