Chile-China bilateral trade surpasses $61 billion in 2024

Bilateral trade between Chile and China reached $61.66 billion in 2024, an 8.6-fold increase from 2006. Chilean cherries have emerged as a key symbol of this partnership, with exports nearing $3.3 billion in the 2024/25 season. Industry leaders remain optimistic despite a slight volume decline.

Since the China-Chile Free Trade Agreement took effect in 2006, economic ties between the two nations have expanded dramatically. Chilean Ambassador to China Pablo Arriaran noted that bilateral trade hit $61.66 billion in 2024, the highest per-capita value between China and any South American country.

Chilean cherries stand out in this trade, with exports to China valued at nearly $3.3 billion in the 2024/25 season. Arriaran said: "With their auspicious red color conveying the warmth of the Chilean sun during China's winter, cherries have become a symbol of the close ties between our two countries."

Frutas de Chile president Ivan Marambio stated that China is Chile's largest market, receiving 90 percent of cherry exports and 40 percent of all fruit. Representing over 200 exporting companies, the group aims to deepen consumer ties. Marambio added: "Now, we want to take the relationship with Chinese consumers to the next level... We want cherries to become part of everyday life, expanding how and when people enjoy them."

This year, export volumes fell 12.1 percent due to an early harvest advancing the season by 7 to 10 days. Beijing's Xinfadi wholesale market data shows prices dropping from 36 yuan ($5.2) per 500 grams in 2024 to 26 yuan in January 2026. Marambio emphasized: "The core advantage of our fruit comes from the quality... That is our main strength."

Chilean Cherry Committee executive director Claudia Soler highlighted growth potential in China's second- and third-tier cities. A new initiative, the Chilean Cherry Ice & Snow Festival in Changchun, Jilin province, links cherries to winter sports. Soler said: "The idea is to connect our cherries with winter sports to create a fun and exciting experience... positioning cherries as a premium product during the winter months."

Logistics improvements have cut delivery times to 22 days via direct routes to Shanghai and Tianjin. Marambio views collaboration with Chinese growers positively: "It's not a competition for us... Our goal is to keep elevating the cherry category as a whole."

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Argentine and US officials shake hands sealing trade deal expanding beef exports to 100,000 tons.
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Argentina signs trade agreement with the United States

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Foreign Minister Pablo Quirno announced a trade agreement between Argentina and the United States that expands the beef export quota to 100,000 tons and removes tariff barriers in key sectors. The deal aims to strengthen bilateral economic ties and could boost exports by up to $1,013 million. The agricultural sector, particularly meat exporters, hailed the pact as a major step forward.

China's trade with Peru, Chile, and Ecuador has reached record levels, driven by mineral demand and the new Chancay port. Despite US President-elect Donald Trump's threats, Beijing's economic ties in the region are strengthening under the Belt and Road Initiative.

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China's exports rose 5.5 percent in 2025 to US$3.77 trillion, while imports stayed flat at US$2.58 trillion, yielding a record trade surplus of US$1.19 trillion. The performance beat forecasts despite trade headwinds, fueled by diversification into markets like Asean and Africa. Officials attribute the strong results to supportive policies and the country's industrial depth.

South Korea's exports reached $86.13 billion in March, breaching the $80 billion mark for the first time ever. According to data from the Ministry of Trade, Industry and Resources, this represents a 48.3 percent increase from a year earlier. Record semiconductor shipments drove the surge.

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The National Institute of Statistics and Censuses (INDEC) revealed that Argentina obtained a gain of US$ 3.509 million in 2025 thanks to improved terms of trade, driven by a sharper drop in import prices than in exports. Import prices fell 4.5% year-over-year, while export prices declined only 0.6%, raising the index by 4%. This evolution contributed to a trade surplus of US$ 11.286 million.

South Korea's exports expanded 14.9 percent year-on-year in the first 20 days of January, reaching $36.36 billion, fueled by strong semiconductor demand. Imports grew 4.2 percent to $36.98 billion, resulting in a $600 million trade deficit. Data from the Korea Customs Service underscores ongoing growth in key sectors.

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South Korea's exports reached a record $709.7 billion in 2025, surpassing the $700 billion mark for the first time. The surge was driven by strong semiconductor demand, leading to the largest trade surplus since 2017 at $78 billion. Industry Minister Kim Jung-kwan highlighted the economy's resilience amid global challenges.

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