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

Source:Writer:
China's agricultural trade value dropped 4.3 percent year-on-year to $289.5 billion in the first eleven months of  2024. Exports grew by 3.3 percent to $92.5 billion. Imports dropped by 7.4 percent to $197.0 billion. Trade deficit shrank by 15.2 percent to $104.5 billion.

  The details are as follows: 

  1. Cereals imports decreased by 6.1 percent to 48.1 million tons and exports decreased 25.7 percent to 1.3 million tons. Net imports increased by 5.4 percent to 46.8 million tons.    

  2. Cotton imports increased by 46.1 percent to 2.6 million tons. Cotton yarn imports decreased by 10.8 percent to 1.4 million tons.    

  3. Sugar imports increased by 13.8 percent to 4.0 million tons.    

  4. Edible oilseeds imports increased by 9.1 percent to 106 million tons while exports increased by 13.9 percent to 1.0 million tons.    

  5. Edible vegetable oil imports decreased by 30.2 percent to 6.5 million tons, while exports also decreased by 6.8 percent to 162 thousand tons.   

  6. Vegetables exports dropped by 0.4 percent to $16.9 billion and imports grew by 5.4 percent to $0.97 billion. Trade surplus shrank by 0.7 percent to $15.9 billion.    

  7. Fruits exports grew by 21.1 percent to $7.4 billion while imports grew by 2.9 percent to $17.7 billion. Trade deficit shrank by 7.1 percent to $10.3 billion.    

  8. Livestock products imports dropped by 14.1 percent to $36.0 billion while exports grew by 6.9 percent to $5.9 billion. Trade deficit shrank by 17.2 percent to $30.1 billion.    

  9. Fisheries and aquaculture products exports grew by 0.4 percent to $18.7 billion, and imports dropped by 4.4 percent to $20.9 billion, resulting in a trade deficit shrank by 31.6% to $2.3 billion.   

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