As Chinese consumers increasingly seek high-quality imported goods, Latin American exports, including Chilean cherries and Brazilian orange juice, are gaining a strong foothold in the Chinese market. Supported by China's consumption upgrade and opening-up policies, these exports are flourishing, creating mutually beneficial trade relationships, reports Global Times.
Agricultural trade between China and Latin America has long been significant, with Chilean cherries being a prime example. China accounts for over 90 per cent of Chile's $3.09 billion cherry exports in 2024, according to ProChile. The complementary fruit industries of China and Latin America, especially Chile and the Andean region, have fostered bilateral cooperation due to their opposite growing seasons. Gonzalo Matamala from Giddings Fruit highlighted the exponential growth of cherry exports to China, emphasizing the need to expand demand beyond the Chinese New Year season.
The Brazilian juice sector is also thriving in China. A trade representative described China as a "strategic" market for Brazil, which benefits from a tropical climate that produces sweet citrus fruits. Advanced cold-chain logistics further support the steady growth of Brazilian frozen juice exports.
China's domestic demand and opening-up policies present significant opportunities for Latin American agricultural exporters. Health-conscious trends are driving demand for "superfoods" like Brazilian Acai powder and quinoa. Yerba mate tea, another popular Latin American product, has gained popularity among Chinese consumers, promoted on social media and reaching millions.
Free trade agreements (FTAs) between China and several Latin American countries have further boosted trade. Since the first FTA with Chile in 2005, China has signed agreements with Peru, Costa Rica, Ecuador, and Nicaragua. These agreements have expanded market access, reduced tariffs, and streamlined logistics, making it easier for Latin American producers to enter the Chinese market. The Chancay–Shanghai route has also reduced transit times, enhancing trade efficiency. According to Shanghai customs, this route has seen growth in both freight volume and trade value.
Latin American enterprises are increasingly seeking collaboration with China, taking advantage of the country's strong demand for organic and natural products. Free trade agreements and supportive policies continue to create favorable conditions for exporters.
China, the second-largest trading partner for Latin America, recorded bilateral trade worth $518.467 billion in 2024, a 6 per cent increase compared to the previous year. Chinese imports from the region have grown by 46 per cent over the past five years, reflecting the complementary nature of their economies and shared trade interests.
With rising consumer demand, supportive trade policies, and expanding free trade agreements, the outlook for Latin American agricultural exports to China remains promising.
Source: Global Times