China's farm produce trade deficit expands

2020-06-06
Xinhua

BEIJING — China's agricultural products trade reported a deficit of $28.62 billion 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 while exports went down by 2.6 percent to $22.91 billion, 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 in the first four months.

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