China's Agricultural Trade in the First Two Months of 2024

Source:Agricultural Trade Promotion Center, MARAWriter:
China's agricultural trade value decreased 4.0 percent year-on-year to $50.8 billion in the first two months of 2024. Exports expanded by 2.7 percent to $14.8 billion. Imports decreased by 6.5 percent to $36.0 billion. Trade deficit shrank by 12.0 percent to $21.1 billion.

The details are as follows:  

1. Cereals imports increased by 29.6 percent to 13.4 million tons and exports also increased 6.7 percent to 0.2 million tons. Net imports increased by 30.0 percent to 13.1 million tons. 

2. Cotton imports grew by 1.9 times to 0.7 million tons. Cotton yarn imports increased by 55.4 percent to 0.2 million tons.     

3. Sugar imports increased by 35.4 percent to 1.2 million tons.     

4. Edible oilseeds imports decreased by 12.4 percent to 14.0 million tons while exports increased by 23.7 percent to 0.2 million tons.     

5. Edible vegetable oil imports decreased by 15.5 percent to 1.2 million tons, while exports also decreased by 6.1 percent to 29.0 thousand tons.    

6. Vegetables exports dropped by 6.8 percent to $2.7 billion and imports decreased by 13.4 percent to $0.1 billion. Trade surplus shrank by 6.4 percent to $2.5 billion.     

7. Fruits exports increased by 19.9 percent to $1.2 billion while imports increased by 14.4 percent to $4.1 billion. Trade deficit widened by 12.3 percent to $2.9 billion.     

8. Livestock products imports decreased by 17.8 percent to $6.6 billion while exports fell 0.8 percent to $0.9 billion. Trade deficit shrank by 20.0 percent to $5.7 billion.     

9. Fisheries and aquaculture products exports decreased by 0.9 percent to $3.0 billion, and imports increased by 9.3 percent to $3.5 billion, resulting in a trade deficit widened by 1.7times to $0.5 billion.    

Accessories: