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Trade

China's farm produce trade deficit expands

June 08, 2020


Abstract : China's agricultural products trade reported a deficit of 28.62 billion U.S. dollars in the first four months of 2020, up 18.2 percent year-on-year, official statistics showed.

BEIJING, June 6 (Xinhua) -- China's agricultural products trade reported a deficit of 28.62 billion U.S. dollars in the first four months of 2020, up 18.2 percent year-on-year, official statistics showed.

Imports increased by 8 percent year-on-year to 51.53 billion U.S. dollars while exports went down by 2.6 percent to 22.91 billion U.S. dollars, according to statistics released by the Ministry of Agriculture and Rural Affairs.

Total farm produce trade volume rose by 4.5 percent year-on-year to 74.44 billion U.S. dollars in the first four months.

Total imports of corn grew by 29.8 percent year-on-year to 2.14 million tonnes from January to April while imports of pork reached 1.32 million tonnes, up 180 percent year-on-year. Enditem

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Keyword: farm produce trade

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