Falling oil prices mean that Chile’s terms of trade have improved by 13%

Despite the rise of the dollar, the fall of oil by 24.6% and of copper by 3.5%, the terms of trade in Chile have improved. According to Felipe Alarcón of EuroAmerica, if one weighs the weight of oil on imports and copper on exports, the terms of trade have improved by nearly 13% so far this year. Of which nearly 6% did so on Monday.

Source: La Tercera