Since the end of last year, the government of Chile’s president pinheira has been affected by social conflicts and protests, while the world has been plagued by the spread of the new coronavirus. Now the problem facing Chile’s economy is more serious, because the volume of trade exported to China has decreased by 60%.
Prochile’s data showed that exports of fruit, wine and seafood to China fell by 50% to 60%, causing great panic. The president of the National Agricultural Association reported that at least 1500 cases of cherries, China’s best-selling agricultural products, were stranded in Chinese ports and not sold. The situation was complex and required constant monitoring, but he trusted China’s measures to control the epidemic and return to normal as soon as possible.
Another major export product is salmon. The president of salmon Chile said he did not know how long the port closure measures in Asian countries would last. Chinese health authorities asked residents to avoid gathering and close restaurants, so the demand was greatly reduced.
In 2019, Chile exported $274 million worth of salmon products to China, which is Chile’s fifth largest market after the United States, Japan, Brazil and Russia.
It is also a matter of concern that the supply of refrigerated containers is very low, as many are being held in Chinese ports, thus impeding the continued flow of export necessities.
In addition, China copper purchasing company began to ask Chile to postpone shipment because some ports in Asian countries were closed as a measure to prevent the spread of the virus.