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China-Chile trade to reach record high in 2021

According to a recent forecast by the Chilean Ambassador in Beijing, Luis Schmidt, economic cooperation between China and Chile is expected to hit a record high by surpassing a $55 billion threshold. The ambassador's prediction has its merits. Driven by an upgraded Free Trade Agreement (FTA) and strengthened cooperation under the Belt and Road Initiative (BRI), bilateral ties have proven highly resilient.

China now accounts for 38.2 percent of Chilean exports, a milestone achievement compared with Chile's second- and third-largest trading partners - the US (16.5 percent) and Japan (7.7 percent), the Chilean stated. While China remains Chile's major trading partner, Chile has become China's major supplier for a range of goods, including fresh cherries, grapes and plums.

According to globaltimes.cn,  a signature product from Chile gaining popularity in the Chinese market is fresh cherries. Between January and October 2021, fresh cherry exports to China reached $1.266 million, up 84 percent year-on-year.

Chilean fruit exports increase 10% so far in 2021-2022 season
According to information from the Association of Fruit Exporters of Chile AG (ASOEX), so far this current Chilean fruit export season 2021-2022 (September 01, 2021 - August 31, 2022), shipments as of August 22, November reached 25.234.081 boxes.

Leading exports are avocados (increase of 16,26%), mandarins (+ 37,47%), apples (+ 4,98%), oranges (64,05%), kiwis (95,29%), blueberries ( -50%), cherries (-53%), lemons (+ 40,8%), and pears (+ 77,87%).

Source: blueberriesconsulting.com


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