China acquired more than 90% of Chile's cherry exports in January
Fresh Sweet Cherry
Fruits
China
Chile
Market & Price Trends
Published Mar 4, 2024
Tridge summary
China accounted for 93% of Chile's cherry exports in January, with purchases reaching $1.4 billion, a 30.8% increase from the previous year. This surge is attributed to the 2017 China-Chile free trade agreement, which eliminates tariffs on over 97% of goods traded between the two countries. Improved logistics efficiency, including the Cherry Express route by COSCO Shipping and advancements in air transportation, have reduced transit times and ensured the freshness of the cherries. The trade also includes other fresh fruits like nectarines, peaches, and apples.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.
Original content
In January, China's purchases of Chilean cherries accounted for 93% of Chile's cherry exports, marking a notable increase in trade interactions. The value of these purchases reached $1.4 billion, showing an increase of 30.8% compared to the previous year, according to Prochile. The bilateral trade relationship is supported by the 2017 China-Chile free trade agreement, which exempts more than 97% of goods traded between both nations, including cherries, from tariffs. The steady growth of Chilean cherry exports to China, with an average annual increase of 29% over seven years, underlines the robust demand for this fruit in China. Efforts to improve logistics efficiency have been significant, with the launch of the Cherry Express route by COSCO Shipping, which reduces maritime transit times to 23 days. Additionally, advances in air transportation have reduced transportation times to 30 hours using ...
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