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

Source:Writer:
China's agricultural trade value dropped 4.3 percent year-on-year to $318.2 billion in the first twelve months of  2024. Exports grew by 4.1 percent to $103.0 billion. Imports dropped by 7.9 percent to $215.2 billion. Trade deficit shrank by 16.7 percent to $112.2 billion.

  The details are as follows:

  1. Cereals imports decreased by 15.0 percent to 50.2 million tons and exports decreased 30.3 percent to 1.3 million tons. Net imports increased by 14.5 percent to 48.9 million tons.

  2. Cotton imports increased by 33.7 percent to 2.7 million tons. Cotton yarn imports decreased by 9.9 percent to 1.5 million tons.

  3. Sugar imports increased by 9.4 percent to 4.3 million tons.

  4. Edible oilseeds imports increased by 6.4 percent to 114.8 million tons while exports increased by 12.1 percent to 1.1 million tons.

  5. Edible vegetable oil imports decreased by 29.2 percent to 7.2 million tons, while exports also decreased by 0.1 percent to 199 thousand tons.

  6. Vegetables exports grew by 0.6 percent to $18.7 billion and imports grew by 6.0 percent to $1.1 billion. Trade surplus increased by 0.3 percent to $17.6 billion.

  7. Fruits exports grew by 20.9 percent to $8.5 billion while imports grew by 6.0 percent to $19.5 billion. Trade deficit shrank by 3.3 percent to $10.9 billion.

  8. Livestock products imports dropped by 11.9 percent to $39.8 billion while exports grew by 8.3 percent to $6.6 billion. Trade deficit shrank by 15.0 percent to $33.2 billion.

  9. Fisheries and aquaculture products exports grew by 1.8 percent to $20.8 billion, and imports dropped by 2.9 percent to $23.1 billion, resulting in a trade deficit shrank by 31.6% to $2.3 billion.

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