Shanghai-Chancay sea route boosts China-Peru trade

Over the past year, the Chancay-Shanghai shipping route between Peru and China has significantly boosted goods flows, opening fresh opportunities for bilateral trade.

Marking its first anniversary on Dec 18, the route has handled 5.6 billion yuan ($791.2 million) worth of imports and exports, with a total cargo volume of 205,000 tons, during its initial year of operation.

This direct maritime link helped drive a 40.3 percent year-on-year increase in foreign trade between Shanghai and Peru in the first 11 months of this year.

The route has shortened shipping times between China and Peru from more than one month to about 23 days, while cutting logistics cost by roughly 20 percent.

Perishable goods have particularly benefited, with the value of Peruvian fruit imports through Shanghai ports growing 117.4 percent year-on-year to 2.6 billion yuan, accounting for more than 70 percent of China's total Peruvian fruit imports.

The route has also opened new opportunities for Chinese manufacturers of products such as automobiles, white goods and daily consumer products seeking markets in South America.

By the end of November, more than 11,000 vehicles made by Chinese automakers, including Geely, Chery, and Dongfeng, had been exported to South America via this route.