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

Source:Agricultural Trade Promotion Center, MARAWriter:
China's agricultural trade value decreased 6.5 percent year-on-year to $102.9 billion in the first four months of 2024. Exports decreased by 0.9 percent to $31.3 billion. Imports decreased by 8.7 percent to $71.6 billion. Trade deficit shrank by 14.0 percent to $40.3 billion.

The details are as follows:   

1. Cereals imports increased by 26.9 percent to 25.1 million tons and exports also increased 12.0 percent to 0.4 million tons. Net imports increased by 27.2 percent to 24.7 million tons.    

2. Cotton imports grew by 2.6 times to 1.4 million tons. Cotton yarn imports increased by 33.5 percent to 0.5 million tons.    

3. Sugar imports increased by 23.0 percent to 1.3 million tons.    

4. Edible oilseeds imports decreased by 6.3 percent to 30.0 million tons while exports increased by 18.7 percent to 0.4 million tons.    

5. Edible vegetable oil imports decreased by 27.8 percent to 2.3 million tons, while exports also decreased by 10.6 percent to 55.0 thousand tons.   

6. Vegetables exports dropped by 5.4 percent to $5.7 billion and imports increased by 22.6 percent to $0.5 billion. Trade surplus shrank by 7.4 percent to $5.2 billion.    

7. Fruits exports increased by 19.5 percent to $2.4 billion while imports increased by 1.6 percent to $6.9 billion. Trade deficit shrank by 5.7 percent to $4.5 billion.    

8. Livestock products imports decreased by 18.2 percent to $13.2 billion while exports remained basically unchanged at $2.0 billion. Trade deficit shrank by 20.7 percent to $11.2 billion.    

9. Fisheries and aquaculture products exports decreased by 7.5 percent to $6.2 billion, and imports decreased by 7.2 percent to $7.3 billion, resulting in a trade deficit shrank by 5.7% to $1.1 billion.   

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