China's Agricultural Trade in the First Ten Months of 2023

Source:Agricultural Trade Promotion Center, MARAWriter:

China's agricultural trade value grew 1.2 percent year-on-year to $275.8 billion in the first ten months of 2023. Exports expanded by 0.3 percent to $80.4 billion. Imports increased by 1.5 percent to $195.3 billion. Trade deficit widened by 2.4 percent to $114.9 billion.  

The details are as follows:   

1. Cereals imports decreased by 4.3 percent to 45.0 million tons and exports also fell 25.0 percent to 1.5 million tons. Net imports dropped by 3.4 percent to 43.5 million tons.    

2. Cotton imports dropped by 13.8 percent to 1.4 million tons. Cotton yarn imports increased by 35.2 percent to 1.4 million tons.    

3. Sugar imports decreased by 24.4 percent to 3.0 million tons.    

4. Edible oilseeds imports increased by 19.2 percent to 90.1 million tons while exports decreased by 10.4 percent to 0.7 million tons.    

5. Edible vegetable oil imports increased by 66.9 percent to 8.4 million tons, while exports increased by 9.5 percent to 0.2 million tons.   

6. Vegetables exports grew by 10.4 percent to $15.3 billion and imports increased by 10.8 percent to $0.9 billion. Trade surplus widened by 10.4 percent to $14.4 billion.    

7. Fruits exports decreased by 1.5 percent to $5.3 billion while imports increased by 20.1 percent to $16.3 billion. Trade deficit widened by 34.2 percent to $11.0 billion.    

8. Livestock products imports decreased by 9.7 percent to $38.6 billion while exports fell 5.5 percent to $5.0 billion. Trade deficit shrank by 10.3 percent to $33.6 billion.    

9. Fisheries and aquaculture products exports decreased by 11.5 percent to $16.8 billion, and imports increased by 3.4 percent to $19.9 billion, resulting in a trade deficit of $3.1 billion.   

  

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