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Authors: 超级管理员 | Edit: tianfuyou
Maize
In the first half of the year, China imported 12.033 million tonnes of maize, a decrease of 11.5% compared to the previous year. The main source countries for corn imports were the United States, Ukraine, and Brazil, accounting for 39%, 36%, and 18.4% of the total imports, respectively.
Rice
In the first half of the year, China imported 1.806 million tonnes of rice, a decrease of 49.6% compared to the previous year. The main source countries for rice imports were Vietnam, Myanmar, Thailand, India, and Pakistan, accounting for 38.1%, 21%, 12.8%, 11.8%, and 8.1% of the total imports, respectively.
Wheat
In the first half of the year, China imported 8.011 million tonnes of wheat and wheat products, a growth of 62.1% compared to the previous year. The primary source countries for wheat imports were Australia, Canada, and France, accounting for 63.2%, 16.6%, and 10.2% of the total imports, respectively.
Soybean
In the first half of the year, China imported 52.575 million tonnes of soybeans, an increase of 13.6% compared to the previous year. The primary source countries for soybean imports were Brazil, the United States, Argentina, and Canada, accounting for 56.5%, 37.5%, 2.7%, and 1.8% of the total imports, respectively.
Trade prospects for major cereals and oil crop in China for 2023
On the basis of remote sensing-based production prediction in major agricultural producing countries in 2023 and the Major Agricultural Shocks and Policy Simulation Model, it is predicted that the import of major grain crops will decrease in 2023. The details are as follows:
In 2023, China's maize imports will decrease by 2.7%, and exports will reduce by 1.9%. Influenced by the international wheat-maize price ratio, maize's utilization for livestock feed in the first half of the year has been partially replaced by wheat. This has led to a decrease in maize imports. However, with positive factors such as the opening of the Brazilian maize export channel to China, maize imports are expected to increase in the latter half of the year. It is projected that China's maize imports will decrease slightly in 2023.
In 2023, China's rice import will decrease by 25.4%, while exports will decrease by 5.6% in 2023. Factors such as India's new export restrictions have contributed to increased variability in global rice trade. Coupled with production reductions due to disasters and other factors, China's demand for rice imports has weakened. It is anticipated that China's rice imports will decrease in 2023.
In 2023, China's wheat imports will increase by 12.4%, while exports will decrease by 2.3% in 2023. The main driving factors behind China's wheat imports include strong demand for high-quality specialized wheat domestically and an increase in consumption for livestock feed. With economic recovery post the COVID-19 pandemic, China's wheat imports are expected to remain at a relatively high level in 2023.
In 2023, China's soybean import will increase by 10.2%, while exports will remain relatively stable. Despite vigorous efforts to enhance domestic soybean oilseed production capacity, imported soybeans remain the primary raw material for soybean processing. Countries like Brazil and the United States continue to be the main sources of soybean imports for China. It is anticipated that China's soybean imports will increase in 2023.
Figure 4.16 Rate of change of imports and exports for rice, wheat, maize, and soybean in China in 2023 (%)