China’s top 10 wine importing countries in 2017

No. 3 Chile 

Value: US$266.97 million

Volume: 74.3 million litres

Ranking by value: No. 3

Ranking by volume: No. 3

Thanks to China and Chile’s Free Trade Agreement, China has now become Chile’s most valuable wine export market. The country’s Chilean wine imports in 2017 grew by 27.5% to US$266.97 million year-on-year, while its volume had a healthy growth of 23.66% to more than 74.3 million litres.

In addition to bottled imported wines, Chile is an essential source for China’s bulk wine imports. Despite losing the number one spot by volume to Spain, Chile still counts itself as China’s biggest bulk wine source by value, shipping US$60.11 million worth of wines to China in 2017.

One Response to “China’s top 10 wine importing countries in 2017”

  1. These figures are impressive, but for clarity sake, I would like to have a better understanding. I reckon the figures are in US$.
    Now, if we divide the value $2.800.000.000 by the quantity L 746.000.000 it equates to 3.75US$/L => about $2.81 per 0,75 bottle (do we have any idea of the volume in bulk?) in any event it sounds extremely low. I guess the value is calculated on the basis of the purchase price EXW and does not include CIF + Import duties.
    Could you confirm my calculation is correct?
    thanks
    mdz

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