FX.co ★ Chile Current Account Balance Shifts to Surplus in Q4

Chile recorded a current account surplus of $1.3 billion in Q4 2025 — its first surplus since Q1 2024 — reversing a deficit of $1.3 billion in the same quarter a year earlier. The goods surplus widened sharply to $6.5 billion from $2.5 billion in Q4 2024, as export growth outpaced the increase in imports. Meanwhile, the services deficit narrowed slightly to $2.2 billion from $2.3 billion, and the secondary income deficit shrank to $9 million from $241 million. In contrast, the primary income deficit widened to $5.2 billion from $3.6 billion.

For full-year 2025, the economy posted a current account deficit of $4.349 billion, reflecting net income payments abroad and a deficit in services trade, partially offset by a surplus in the goods trade balance.