| Continent: | South America |
| Year: | 1937 |
| Host: | Chile |
| Dates: | 5-16 March |
| Teams: | 5 |
| Venues: | 2 |
| Cities: | 2 |
| Champions: | Chile |
| Title Number: | 1 |
| Prevseason: | 1935 |
| Nextseason: | 1938 |
The 1937 South American Basketball Championship was the 5th edition of this tournament. It was held in Valparaíso and Santiago, Chile and won by the host, Chile national basketball team. A record 5 teams competed, including Peru in their first appearance.
Each team played the other four teams twice apiece, for a total of eight games played by each team and 20 overall in the tournament.
| width=20 | Rank | width=220 | Team | width=20 | Pts | width=20 | W | width=20 | L | width=20 | PF | width=20 | PA | width=20 | Diff |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | 16 | 8 | 0 | 244 | 185 | +59 | |||||||||
| 2 | 13 | 5 | 3 | 201 | 198 | +3 | |||||||||
| 3 | 11 | 3 | 5 | 181 | 214 | -33 | |||||||||
| 4 | 10 | 2 | 6 | 182 | 190 | -8 | |||||||||
| 5 | 10 | 2 | 6 | 197 | 218 | -21 |
| width=25% | width=25% | width=25% | |||
|---|---|---|---|---|---|
| Chile | 21 - 20 | Argentina | |||
| Argentina | 30 - 33 | Chile | |||
| Chile | 35 - 22 | Brazil | |||
| Brazil | 18 - 34 | Chile | |||
| Chile | 33 - 21 | Peru | |||
| Peru | 34 - 35 | Chile | |||
| Chile | 19 - 13 | Uruguay | |||
| Uruguay | 27 - 34 | Chile | |||
| Uruguay | 26 - 30 | Argentina | |||
| Argentina | 29 - 30 | Uruguay | |||
| Uruguay | 28 - 23 | Brazil | |||
| Brazil | 27 - 30 | Uruguay | |||
| Uruguay | 24 - 17 | Peru | |||
| Peru | 19 - 23 | Uruguay | |||
| Brazil | 31 - 22 | Argentina | |||
| Argentina | 21 - 30 | Brazil | |||
| Brazil | 12 - 29 | Peru | |||
| Peru | 15 - 18 | Brazil | |||
| Peru | 23 - 20 | Argentina | |||
| Argentina | 25 - 24 | Peru |