Chile plans to take multiple measures to boost wine exports

Published 2024년 3월 15일

Tridge summary

Chile's bottled wine exports in 2023 saw a significant decrease of 20.7% from the previous year, amounting to US$1.2336 billion. This decline is attributed to the global surplus of wine stocks due to the COVID-19 pandemic. There was also a notable decrease in exports to China and Europe by 32.6% and 13.2% respectively. To counter this, the Chilean Ministry of Agriculture Policy Research Office, the National Agricultural Development Institute, and the Chilean Export Promotion Agency are planning to boost innovation and sustainable development capabilities. They also aim to leverage the global economic and trade network to support the business growth of wine manufacturers of all sizes.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

According to data from the Chilean Wine Association, Chile's bottled wine exports in 2023 totaled US$1.2336 billion, a year-on-year decrease of 20.7%, mainly due to the global glut of wine stocks after the new crown epidemic. Among them, the total wine exports to China were US$156.2 million, a year-on-year decrease of 32.6%. %; the total volume of wine exports to European countries was US$525 million, a year-on-year decrease of 13.2%. To this end, relevant departments such as the Chilean Ministry of Agriculture Policy Research Office (ODEPA), the National Agricultural Development Institute (INDAP) and the Chilean Export Promotion Agency will work together , further enhance innovation and sustainable ...

Source: Foodmate