China's agricultural trade value grew 0.4 percent year-on-year to $303.0 billion in the first eleven months of 2023. Exports expanded by 0.7 percent to $89.5 billion. Imports increased by 0.2 percent to $213.4 billion. Trade deficit shrank by 0.1 percent to $123.9 billion.
The details are as follows:
1. Cereals imports increased by 2.0 percent to 51.2 million tons and exports also fell 24.9 percent to 1.7 million tons. Net imports increased by 3.3 percent to 49.5 million tons.
2. Cotton imports dropped by 5.0 percent to 1.8 million tons. Cotton yarn imports increased by 39.3 percent to 1.5 million tons.
3. Sugar imports decreased by 26.9 percent to 3.5 million tons.
4. Edible oilseeds imports increased by 17.6 percent to 98.0 million tons while exports decreased by 2.5 percent to 0.9 million tons.
5. Edible vegetable oil imports increased by 48.0 percent to 9.4 million tons, while exports increased by 11.2 percent to 0.2 million tons.
6. Vegetables exports grew by 9.9 percent to $16.9 billion and imports increased by 7.6 percent to $0.9 billion. Trade surplus widened by 10.1 percent to $16.0 billion.
7. Fruits exports increased by 0.7 percent to $6.1 billion while imports increased by 18.8 percent to $17.2 billion. Trade deficit widened by 32.1 percent to $11.0 billion.
8. Livestock products imports decreased by 11.3 percent to $41.9 billion while exports fell 5.4 percent to $5.5 billion. Trade deficit shrank by 12.1 percent to $36.4 billion.
9. Fisheries and aquaculture products exports decreased by 11.0 percent to $18.6 billion, and imports increased by 1.6 percent to $21.9 billion, resulting in a trade deficit of $3.3 billion.