South American Real Estate News

Trade between China and Chile grows despite the global outlook

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On November 5, the IV China International Import Expo (CIIE) will open in Shanghai. Chilean exporters have participated in this event for 3 consecutive years, promoting the strong growth of trade between both countries. President Piñera was the only president of Latin America to participate in a virtual way and make a speech at the inauguration of the III CIIE.

Despite the fact that the whole world is affected by Covid-19, trade between China and Chile increased by 10,6% last year. In the first half of this year, Chile’s exports to China grew 37% compared to last year, reaching $ 16.660 billion with a surplus of $ 6000 billion. Among the different products, copper, cherry, blueberry and wine increased respectively 48%, 34%, 15% and 12% respectively.

China has positioned itself as the first commercial partner, the first export destination and the first source of imports for Chile for 12 consecutive years. In turn, Chile is the third largest trade partner for China in Latin America. In addition, in exports of fresh fruits, wine and salmon to China, Chile ranks first in Latin America. Economic data shows that the CIIE has become an important platform for Chile’s exports to China.

Source: blueberriesconsulting.com

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Post available in: English

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