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China’s oilseed imports reach 110 mln tonnes and vegetable oils 11.695 mln tonnes in 2020

2021-03-05 www.cofeed.com

In 2020, the trade volume of China's agricultural products reached $246.83 billion, with a year-on-year increase of 8.0%, according to data from China’s Customs. Among them, exports were $76.03 billion, down 3.2%; imports of $170.8 billion, up 14.0%; and the trade deficit was $94.77 billion, an increase of 32.9%.

 

Edible oilseeds and vegetable oils

 

Edible oilseeds

 

Imports were 110 mln tonnes, up 13.8% year on year; and value $43.27 billion, up 12.7%.

Exports were 1.043 mln tonnes, down 10.1% year on year; and value $1.6 billion, down 5.0%.

The trade deficit was $41.67 billion, up 13.5%.

 

Edible vegetable oils

 

Imports were 11.695 mln tonnes, up 1.5% year on year; value $8.72 billion, up 17.6%.

Exports were 172,000 tonnes, down 35.8%; value $200 million, down 26.9%.

The trade deficit was $8.52 billion, up 19.3%.

 

Grain

 

Grain imports were 35.791 mln tonnes, up 99.8% year on year; and value was $9.52 billion, up 80.9%. Grain exports were 2.593 mln tonnes, down 19.9%; and value was $ 1.08 billion, down 15.6%. Net imports were 33.198 mln tonnes, up 1.3 times.

 

Wheat: imports 8.376 mln tonnes, up 1.4 times; exports 181,000 tonnes, down 42.1%.

Corn: imports 11.296 mln tonnes, up 1.4 times; exports 3,000 tonnes, down 87.3%.

Rice: imports 2.943 mln tonnes, up 15.6%; exports 2.305 mln tonnes, down 16.1%.

Barley: imports 8.079 mln tonnes, up 36.3%; exports 784,000 tonnes, down 75.1%.

Sorghum: imports 4.813 mln tonnes, up 4.8 times; exports 21,000 tonnes, down 48.3%.

Tapioca (dry tapioca mainly): imports 3.355 mln tonnes, up 18.2%.

 

Cotton and sugar

 

Cotton: imports 2.232 mln tonnes, up 15.2%; value $3.59 billion, down 0.3%.

Sugar: imports 5.273 mln tonnes, up 55.5%; value $1.8 billion, up 60.7%.