China acquired more than 90% of Chile's cherry exports in January

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 ...