SANTIAGO- Chile posted a trade surplus of $1.314 billion in May, the central bank reported on Monday, amid a surge in the value of its copper exports.

The value of copper shipments increased 70% year-on-year to $4.967 billion in May, as prices for the red metal soared to record highs. Total exports from the South American nation hit $7.920 billion, while imports were $6.606 billion.

(Reporting by Fabian Cambero, writing by Aislinn Laing Editing by Gareth Jones) ((aislinn.laing@thomsonreuters.com; +56 9 98188538))