China displaces the US as the main market for Chilean Ag exports

China positioned itself as the main market for Chilean forestry, farming, and livestock exports for the first time, displacing the US.

Maria Emilia Undurraga, the director of Odepa, stated that the forestry, farming, and livestock trade balance in 2018 grew by 17% over 2017, accumulating US $11.162 billion.

After four years, forestry, farming, and livestock exports showed a significant increase in 2018, as they were 19.6% higher than in 2015. Agricultural and forestry shipments in 2018 amounted to US $17.717 billion, i.e. 15.2% more than in 2017.

Agricultural exports in 2018 stood out, as they amounted to US $10.034 billion, 8.6% higher than in the previous year. Livestock exports amounted to US $1.391 billion, that is 17.6% higher than in the previous year. Meanwhile, forestry exports amounted to US $6.293 billion, and had a 26.9% increase.

There was an increase in exports of wine with denomination of origin, grapes, cherries, apples, blueberries, porcine frozen foods, wines with greater capacity to two liters, as well in other forestry, agricultural, and livestock products.

The main destination countries for forestry, agricultural, and livestock exports were China (20.8%), the United States (17.0%), Japan (4.8%), the Netherlands (4.4%), South Korea (3.6%), the United Kingdom (2.7%), Mexico (2.7%), Brazil (2.1%), Germany (1.8%), Taiwan (1.7%), Canada (1.7%), Colombia (1.6%), and Russia (1.5%).

Source: americaeconomia.com


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