Chile's Dairy Trade Balance: Deficit Persists Despite Export Growth

Between January and August, exports totaled 302.3 million equivalent liters, an increase of 22.1% compared to the same period in 2024, marking the highest volume in the past five years. Whole milk powder (WMP) exports experienced significant growth at 135.3%, reaching 111.1 million kilograms. Increases were also noted for cheese (+29.5%) and condensed milk (+34.1%).
On the import side, there was a reduction of 8.9%, totaling 508.7 million equivalent liters. Imported cheese leads purchases with 366 million equivalent liters, despite a 9.7% decline. Skim milk powder (SMP) and WMP imports fell by 1.9% and 47.6%, respectively.
Consequently, the dairy trade deficit stood at 206.3 million equivalent liters, reaffirming Chile's status as a net importer of dairy products.