China Agricultural Trade Report in 2012
Report Highlights:
According to China Customs data, China's total agricultural trade, including fish and forestry, increased by more than nine percent in 2012 to top $205.6 billion. While agricultural exports rose a moderate five percent year on year to $74.8 billion, strong import momentum of $130.8 billion resulted in an agriculture trade deficit of $56 billion, nearly 20 percent higher from the previous year.
China-U.S. agriculture trade reached $40.4 billion in 2012, up more than 17 percent from the previous year.China’s statistics indicate that agricultural imports from the United States rose to a record $30 billion, with exports to the United States of $10 billion. Soybeans, cotton, and corn were the top three United States agricultural imports to China in 2012.
