The inaugural batch of direct cargo from Chancay Port in Peru, encompassing over 20,000 tons of specialty fruits like blueberries, avocados, grapes, and mangoes, has successfully undergone customs pre-declaration procedures and is slated to reach Shanghai's Yangshan Port on Wednesday. This marks the commencement of the first bidirectional maritime connection between the two ports.
Completion of the online pre-declaration, which required the submission of essential documents such as phytosanitary certificates, certificates of origin, and contracts, was achieved in a mere five minutes. Chancay Port, situated approximately 78 kilometers north of Lima, Peru's capital, was inaugurated on November 14, 2024. It represents a joint endeavor between China and Peru within the framework of the Belt and Road Initiative, aimed at bolstering trade efficiency between Peru and Asia by reducing shipping durations to China to 23 days and lowering logistics expenses by at least 20 percent.
Shanghai customs data reveals that the trade value between Shanghai Port and Peru amounted to 46.89 billion yuan ($6.44 billion) in the initial 11 months of 2024, marking a 21.2 percent increase from the previous year. The import value of Peruvian agricultural products, including fruits to Shanghai Port, registered a 2 percent year-on-year increase, totaling 4.41 billion yuan.
Chancay Port is anticipated to generate annual revenues of $4.5 billion for Peru and create over 8,000 employment opportunities. Its strategic location, directly connected to the Pan-American Highway and serving as a deepwater port, positions it as a crucial logistics hub facilitating commerce between Latin America and Asia.
Source: Global Times