BEIJING – China’s agricultural products trade reported a deficit of $71.87 billion in 2019, up 26.5 percent year-on-year, official statistics showed.

Imports increased by 10 percent year-on-year to $150.97 billion while exports went down 1.7 percent to $79.1 billion, statistics released by the Ministry of Agriculture and Rural Affairs showed.

Total farm produce trade volume rose 5.7 percent year-on-year to $230.07 billion in 2019.

China imported 17.92 million tons of grain last year, while exports stood at 3.24 million tons.

Total imports of corn grew 36 percent to 4.79 million tons in 2019 while imports of pork surged 67.2 percent year-on-year to 1.99 million tons.

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Measures to boost consumption unveiled

China on Friday announced targeted measures to boost consumption, including improving the consumer market supply and speeding up the construction of the smart consumption ecosystem, in a move to foster steady growth in the economy amid the novel coronavirus outbreak.…

Fiscal tweaks likely to minimize COVID-19 fallout

Policymakers should consider using special fiscal measures to curb economic risks and generate additional funds to support the fight against novel coronavirus outbreak, experts said on Monday. Although the number of new cases has been decreasing in China, the weak…

Weak U.S. core capital goods orders point to deepening business investment downturn

WASHINGTON (Reuters) – New orders for key U.S.-made capital goods fell sharply in February as demand for machinery and other products slumped, suggesting a deepening contraction in business investment that analysts said signaled the economy was already in recession. The…

China’s yuan funds outstanding for forex decline in February

BEIJING – China’s yuan funds outstanding for foreign exchange continued to decline in February, central bank data showed Wednesday. The funds stood at 21.22 trillion yuan ($3.02 trillion) at the end of last month, down by 12.5 billion yuan from…