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Chile's exports hit $60bn as copper out-earns all other goods

Chile's exports reached $60 billion in the first half of the year, with copper earning more than any other category of goods. Strong metal prices supported the country's trade revenues. Lithium also stood out as a growing source of income.

The terraced pit of an open-cast copper mine
The terraced pit of an open-cast copper minePhoto: Vlad Chețan / Pexels
Rio Times3 h ago

Chile's exports reached $60 billion in the first six months of the year, according to official data. Copper alone brought in more revenue than all other categories of goods combined, keeping its central role in the country's economy.

Strong metal prices on global markets lifted mining revenues. Lithium, used in electric-vehicle batteries, has become an increasingly important export item for Chile.

According to economists, the figures support the country's trade balance but also keep in focus the risks of dependence on a single commodity. Any drop in prices could directly affect export earnings.

CommoditiesTradeSouth AmericaRio Times
Source: Rio Times
This article is an AI-curated summary of the original story published by Rio Times. The illustration is a stock photo by Vlad Chețan from Pexels and is not from the original story.

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