No. 3 Chile
Chile came in as China’s third biggest wine supplier. In 2020, wines valued at 197 million euros from the south American country were destined to China, a drop of 37% compared with 2019.
Aside from exporting its Cabernet, Carménère and Bordeaux blend reds to China, Chile is a major bulk wine supplier to the country as well. It is also a favorite new world destination for Chinese wine investment. Chinese baijiu producer Yanghe purchased Viña San Pedro, and China’s oldest and biggest wine company Changyu pioneer bought three vineyards.
The decline is in line with China’s overall downward trend. It remains to be seen if Chile will get its mojo back this year.