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The 1932 South American Basketball Championship was the 2nd edition of this regional tournament. It was held in Santiago, Chile and won by Uruguay.
| 2nd South American Basketball Championship | |
|---|---|
| Tournament details | |
| Host country | Chile |
| Dates | 29 April - 14 May |
| Teams | 3 |
| Venue(s) | 1 (in 1 host city) |
| Final positions | |
| Champions |  Uruguay (2nd title) |
Preliminary round
Each team played the other two teams twice apiece, for a total of four games played by each team.
| Uruguay | 21 - 19 | Chile |
| Chile | 14 - 13 | Uruguay |
| Uruguay | 31 - 25 | Argentina |
| Argentina | 13 - 18 | Uruguay |
| Chile | 27 - 24 | Argentina |
| Argentina | 19 - 21 | Chile |
Uruguay's loss to Chile was its first defeat; nevertheless it took the top seed in the preliminary round.
Final
As Uruguay and Chile finished level on points, a play-off match for the championship was required.
| Uruguay | 42 - 28 | Chile |
Uruguay won the final to claim its second South American title.
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