China has surpassed the US to become Chile’s biggest export market for wine by value, according to the latest data dbHK obtained from Wines of Chile.
From January to December last year, the country exported about 142.5 million litres of wines worth about US$251.47 million to China, representing a 13.02% rise in terms of value despite a 7.97% volume drop over 2015.
Exports to the US totalled US$246.3 million by value and roughly 153.9 million litres of wine by volume.
In terms of bottled wine exports alone, Chile exported US$195 million worth of bottled wines to China, US$183m worth to the US, US$148m to the UK, US$142m to Japan and US$122.5m to Brazil.
Chile’s wine exports to China have been growing over the past 12 years since the two countries signed a Free Trade Agreement in 2005 that eventually saw China removing all tariff on Chilean wines in 2015, making it the second country to enjoy such policy after New Zealand. However, the…