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Review & Outlook
Review of China¡¯s Export and Import of Agricultural Products in 2002
In 2002, China¡¯s export and import of agricultural products has maintained a continuous growth trend. The total export value increased 13% as compared with 2001. The favorable international trade balance from the export and import of agriculture products increased significantly.
1. Exports increased significantly and imports increased slightly:
By the end of November 2002, the total import and export of agricultural products reached 27.23 billion USD, increased 9.2% from the same period of 2001. The total export of agricultural products reached 16.09 billion USD, increased 1.86 billion USD or 13% from the same period of 2001. The total import of agricultural products was 11.14 billion USD, increased 0.43 billion USD or 4% from the same period of 2001. The favorable trade balance reached 4.95 billion USD, increased 1.43 billion USD or 40.8% from the same period of 2001.
The total value of international trade for agricultural products counted for 4.86% of the China¡¯s total international trade, decreased 0.53% from 2001. The export of agricultural products counted 5.48% of the national total export and the import of agricultural products counted 4.18%. The favorable trade balance for the export and import of agricultural products counted for 18.2% of the total national favorable trade balance.
2. The grain export increased and the oil import decreased greatly:
By the end of November, the total export of grain reached 12.52 million metric tons (MMT), increased 4.8 MMT, or 62% from the same period of 2001. The total import of grain was 2.53 MMT, decreased 0.43 MMT, or 15% from the same period of 2001. The total export of corn was 9.77 MMT, increased 83% from 2001. The export of wheat was 0.914 MMT, increased 50% from 2001. The total import of corn, rice and barley were 0.008 MMT, 0.182 MMT and 1.64 MMT, respectively.
Between January to November the total import of oilseeds (mainly soybean and rapeseeds) reached 10.88 MMT, decreased 25% from 2001. The import of soybean was 10.26 MMT, decreased 20% from 2001. The import of rapeseed was 0.618 MMT, decreased 62% from 2001. The total export of oilseeds was 1.07 MMT, increased 17% from 2001.
By the end of November 2002 the total import of cotton reached 0.165 MMT, increased 61% from 2001. The export of cotton was 0.138 MMT, increased 138% from 2001. The import of sugar was 1.167 MMT, increased 1.4% from 2001. The export of sugar was 0.32 MMT, increased 95% from 2001.
3. The export of fruits increased and the export of livestock product decreased:
During January to November 2002, the total export of fruits was 1.70 MMT (0.85 billion USD), increased 34% from 2001. The export of vegetables reached 4.22 MMT (2.37 billion USD), increased 18% from 2001. The total import of fruits was 0.86 MMT (0.35 billion USD), increased 6%.
Bt the end of November, the total export of livestock products was 2.55 billion USD, decreased 4.4% from 2001. The total import of livestock products was 1.92 billion USD, increased 6% from 2001. The export of aquatic products was 1.9 MMT (or 4.17 billion USD), increased 6% from 2001. The import of aquatic products was 2.295 MMT (or 2.07 billion USD), increased 11% from 2001.
4. Major international trade partners for agricultural products:
During January to November 2002, the top trade partners importing Chinese agricultural products included: Japan, 5.15 billion USD, increased 2% from 2001; Hong Kong, 1.86 billion USD, increased 8% from 2001; Korea, 1.79 billion USD, increased 26%; USA, 1.5 billion USD, increased 33%; Malaysia, 0.52 billion USD, increased 62%; and Indonesia, 0.46 billion USD, increased 74% from 2001.
The top trade partners from which China imported agricultural products from included: USA, 2.32 billion USD, decreased 5% from 2001; Australia, 1.27 billion USD, increased 3%; Brazil, 1.07 billion USD, increased 38%; Argentina, 0.8 billion USD, increased 20%; Malaysia, 0.65 billion USD, increased 79%; Russia 0.62 billion USD, increased 20%; and Canada, 0.45 billion, decreased 31%
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