From January to August 2024, the import and export of agricultural products in China saw a year-on-year increase of 15% in net grain imports

Sun, 09/29/2024 - 19:11
screenshot of import and export of agricultural products
import and export of agricultural products

From January to August, the import and export volume of agricultural products in China was 211.78 billion US dollars, a year-on-year decrease of 5.1%. Among them, exports amounted to 65.16 billion US dollars, an increase of 2.2%; Imports amounted to 146.62 billion US dollars, a decrease of 8.1%; The trade deficit was 81.46 billion US dollars, a decrease of 14.9%.


1、 Grains
From January to August, grain imports amounted to 41.162 million tons, a year-on-year increase of 13.4%, with an import value of 12.28 billion US dollars, a decrease of 8.9%; Export of 880000 tons, a decrease of 20.3%, with an export value of 580 million US dollars, a decrease of 13.4%; Net imports were 40.282 million tons, an increase of 14.5%.

2、 Cotton, sugar
Cotton: From January to August, imported 2.224 million tons, a year-on-year increase of 1.4 times; The import value was 4.47 billion US dollars, an increase of 1.3 times. In addition, the import of cotton substitute product cotton yarn [1] was 1.009 million tons, a decrease of 1.5%.

Sugar: From January to August, 2.485 million tons were imported, a year-on-year increase of 57.9%; The import value was 1.39 billion US dollars, an increase of 68.7%.

3、 Edible oilseeds, edible vegetable oils
Edible oilseeds: From January to August, imported 76.143 million tons, a year-on-year increase of 1.2%, with an import value of 40.04 billion US dollars, a decrease of 15.2%; Export of 697000 tons, an increase of 25.5%, with an export value of 1.23 billion US dollars, an increase of 13.7%; The trade deficit was 38.81 billion US dollars, a decrease of 15.8%.

Edible vegetable oil: From January to August, imports amounted to 4.824 million tons, a year-on-year decrease of 24.4%, with an import value of 4.74 billion US dollars, a decrease of 32.3%; Exported 106000 tons, a decrease of 13.6%, with an export value of 160 million US dollars, a decrease of 19.5%; The trade deficit was 4.58 billion US dollars, a decrease of 32.6%.

4、 Vegetables and fruits
Vegetables: From January to August, the export value was 11.89 billion US dollars, a year-on-year decrease of 1.5%; The import value was 780 million US dollars, an increase of 5.5%; The trade surplus was 11.11 billion US dollars, a decrease of 2.0%.
Fruits: From January to August, the export value was 4.97 billion US dollars, a year-on-year increase of 25.6%; The import value was 13.94 billion US dollars, an increase of 1.9%; The trade deficit was 8.97 billion US dollars, a decrease of 7.8%.

5、 Livestock products, aquatic products
Livestock products: From January to August, the import volume was 26.37 billion US dollars, a year-on-year decrease of 17.7%; The export value was 4.21 billion US dollars, an increase of 4.5%; The trade deficit was 22.16 billion US dollars, a decrease of 20.8%.
Aquatic products: From January to August, the export value was 13.11 billion US dollars, a year-on-year decrease of 2.1%; The import value was 14.85 billion US dollars, a decrease of 6.8%; The trade deficit was 1.74 billion US dollars, a decrease of 31.3%.
Note: The data on the import and export trade volume of agricultural products is sourced from the official website of the General Administration of Customs of China. The trade data by variety is compiled according to the classification criteria of agricultural products by the Ministry of Agriculture and Rural Affairs.

[1] Cotton yarn belongs to industrial products in the classification of import and export statistics.


 

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