This new trans Pacific route is driving a new wave of trade between China and Latin America

The current global shipping market is constantly experiencing geopolitical fluctuations, with multiple traditional international routes experiencing rising freight rates and flight delays due to the situation, putting significant pressure on the international trade supply chain. Against this backdrop, a golden shipping route spanning the Pacific Ocean has become popular against the trend, with a remarkable acceleration in trade growth. It is the Qiankai Shanghai two-way direct flight route. The latest Q1 operational data released by the customs recently is impressive, which intuitively confirms the hardcore strength of this new route and has become a core backbone channel for stabilizing foreign trade and connecting the Chinese and Latin American markets.

Note: The image is sourced from CCTV News

This highly anticipated cross-border direct flight route has been officially operating in both directions since December 18, 2024. After more than a year of stable and deep cultivation, its operational effectiveness is now fully highlighted. Compared to the traditional shipping route between China and Peru in South America, the biggest advantage of the Qiankai Shanghai direct route is time-saving and cost saving. It does not require detours to other transit ports, greatly reducing the distance of long-distance shipping and shortening the voyage by more than ten days. The logistics transportation cost is also reduced synchronously, and the loss of fresh goods transportation and the stocking cycle of foreign trade for enterprises are effectively optimized, effectively reducing the burden and increasing efficiency for bilateral trade enterprises.

Relying on its unique shipping location advantage and stable liner operation guarantee, this route has delivered a highly valuable performance in the first quarter of this year. The overall scale of import and export trade has steadily increased, with a significant year-on-year growth in total trade volume. The two-way trade structure of import and export has shown a good trend of simultaneous progress, breaking the previous weak growth of traditional air route trade and driving the bilateral trade linkage between Shanghai and Peru to heat up, with a strong growth momentum.

In two-way trade, the complementary characteristics of industries are particularly distinct, perfectly matching the supply and demand needs of the two countries' markets. On the export side, the sales of domestically produced cars and core auto parts products have been steadily increasing, becoming the main category for Chinese manufacturing to go global. In addition, various high-quality domestic products such as electromechanical light industry, building materials and home furnishings have also taken advantage of this direct shipping route to conveniently go global, deeply cultivating the Peruvian and entire Latin American markets, and enabling cost-effective Chinese intelligent manufacturing to continue to gain overseas reputation.

The import end is in line with the trend of domestic consumption upgrading, and its growth momentum is particularly rapid. High quality fresh agricultural products such as Peruvian specialty fruits and nuts are transported in large quantities by direct ships directly to Shanghai, while internet famous fresh products such as blueberries, avocados, and red grapes quickly land on domestic supermarkets and fresh e-commerce platforms. Relying on the exclusive green channel for fresh food clearance, this batch of imported fresh fruits is quickly inspected and released upon arrival, maximizing the freshness and taste, allowing domestic consumers to enjoy high-quality South American products at an affordable price without leaving their homes. The dividend of fresh food import consumption continues to be released.

In the long run, the Qiankai Shanghai route is by no means an ordinary maritime route, but a benchmark project for maritime cooperation along the the Belt and Road. It has successfully connected the most convenient sea transportation link between Asia Pacific and Latin America, breaking away from dependence on traditional congested routes and making the connection between China and Latin America's industrial and supply chains more stable. On one hand, Chinese manufacturing is setting sail to expand the market, and on the other hand, South American specialty products are entering China to benefit people's livelihoods. A new trade pattern of two-way communication and mutual benefit has already taken shape.

In the complex and ever-changing international trade environment, this golden route of counter trend growth not only builds a stable and reliable cooperation bridge for domestic and foreign trade enterprises, but also continues to activate new potential for China Latin America trade cooperation. In the future, it will inevitably continue to expand and improve, becoming the core new engine of cross Pacific trade exchanges.

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