Chile Trade Surplus Widens

Chile’s trade surplus widened to $1.07 billion in April as copper prices surged to 16-year highs. Copper prices have climbed 24% in 12 months, spurred by demand in India and China, the world’s largest consumer of the metal. Chile’s overall exports rose 25% to $3.44 billion, while imports surged 36% to $2.37 billion.