The year-on-year percentage changes, that is, the year to date pace of import purchases by China at the end of August 2020 versus the end of August 2019, are sobering. Food production problems, including Swine Fever, locusts and bad weather for growing crops, have hit China hard. Economy . Beijing ICP prepared NO.16065310-3. Imports to China rose by 4.7 percent year-on-year to USD 178.74 billion in October 2020, after a 13.2 percent surge a month earlier and less than market estimates of a 9.5 percent increase. China is buying agricultural products at a blistering pace. In 2019 imports to China fell 2.7 percent, the first yearly decline in three years, on weak domestic demand and persistent trade tensions with the US. I write about commodities through a three-decade lens of experience. An outlier in the Chinese agricultural imports story is barley; declining imports of the brewing and feed grain are due to China’s trade spat with Australia, by far the main supplier of barley to China. All Rights Reserved, This is a BETA experience. You should carefully consider whether you understand how these instruments work and whether you can afford to take the high risk of losing your money. Content from this site must be hyperlinked when used. How can the global economy recover from the pandemic's unprecedented blow? The organization estimated the global trade to shrink by 4.5 percent year on year in the third quarter and decrease by 3 percent in the fourth quarter, as the global trade is slowly rebounding. This page includes a chart with historical data for India Imports from China. The US Foreign Agricultural Service speculated China’s sugar production could fall this year, and bad weather this season hasn’t helped. China had made progress towards meeting key parts of the "phase one" deal signed between China and the United States earlier this year, said the U.S. on Friday. Why is China's trade growing amid the pandemic? In break down, outstanding sales of U.S. corn to China were at an all-time high of 8.7 million tonnes, while U.S. soybeans sales for the marketing year 2021 to China were at double the levels seen in 2017, according to the report. Imports from China in India averaged 130.18 INR Billion from 1991 until 2020, reaching an all time high of 467.49 INR Billion in September of 2018 and a record low of 0.01 INR Billion in April of 1991. By continuing to browse our site you agree to our use of cookies, revised Privacy Policy and Terms of Use. 00:58. 4, Live: Shanghai celebrates 3rd CIIE with light show along Huangpu River, NBA players' photo wall at the upcoming CIIE, Why is China hosting the 3rd international import expo, New policies boost cross-border e-commerce in China amid pandemic, Analysis: What Xi Jinping said at CIIE has become a reality, Foreign businesses see a reviving Chinese economy, Live: E-commerce company in NE China's Pilot FTZ prepares for CIIE, In Shanghai, China meets the U.S. - from nowhere to everywhere, China to host 3rd international import expo despite pandemic, Live: Shanghai welcomes 3rd CIIE with light show along Huangpu River, Live: Aerial views of the CIIE venue in Shanghai, Live: Shanghai's new art cluster â West Bund Media Port â Ep. NBA brings interactive experience to CIIE . FX Empire does not provide any warranty regarding any of the information contained in the website, and shall bear no responsibility for any trading losses you might incur as a result of using any information contained in the website. Imports from China in India decreased to 372.24 INR Billion in August from 418.69 INR Billion in July of 2020. In 2018-19, official numbers had pegged imports from China at $76.4 billion. The Chinese people eat more pork per capita than any other nationality in the world. "Exports growth quickened further and significantly exceeded expectations, indicating a relatively strong momentum," said Liu Xuezhi, an analyst at Bank of Communications in Shanghai.