crops under the Phase One Agreement.Ĭhina’s imports of intermediate products have declined since 2012. This has led China’s imports of grains to rebound so far in 2020 as it also seeks to >protect itself from distribution chain disruptions caused by the Covid-19 pandemic and make good on pledges to buy more U.S. distillers dried grains with solubles (DDGs) and Australian barley have limited feed mills’ options for feedstuff as the country rebuilds its hog sector from the outbreaks of African Swine Fever (ASF) at a faster-than-anticipated pace.

Some of these measures may have gone too far, though, as anti-dumping duties on U.S. To dispose of the large corn stocks, the government had been auctioning off corn at below acquisition cost in recent years, while discouraging imports of corn and corn substitutes with various measures favoring utilization of domestic grains. Since 2014, corn stocks have amounted to over 60 percent of the world’s total. 2 China’s policy to support producers’ income through minimum purchasing prices has also led to stockpiling of wheat, rice, and corn in state reserves. Cotton imports dropped off precipitously from a peak of $11.9 billion in 2012, during a period when China stockpiled domestic cotton to support prices and cheaper imports of cotton surged to meet textile demand. Soybean imports have been flat since that time. This changing trend coincided with a significant slowdown in China’s economic growth. However, domestic feed supplies have been unable to keep up with soaring demand, and imports of soybeans and other feed ingredients expanded rapidly.Īround 2012, however, the country’s bulk import value reached a turning point and stopped growing. China has been producing most of the meat it consumes, and this dietary change has drawn more of the country’s land into feed production. 1Īs a relatively land-scarce country (per capita arable land is less than one-fifth of that in the United States), during the first decade following its WTO accession, land-intensive bulk commodities, such as soybeans, sorghum, and cotton drove China’s agricultural imports.

Between 20, per capita consumption of poultry meat increased 32 percent, soybean oil consumption more than quadrupled, and fluid milk intake more than tripled. As incomes rose, the average Chinese diet changed to include more meat, dairy, and processed foods, while grain consumption declined.

Rising income and living standards, increasing urbanization, and food safety concerns have fueled China’s agricultural imports, especially since the country’s accession to the World Trade Organization (WTO) in 2001. agriculture’s ability to meet increasingly diverse Chinese import needs. agricultural exports in China are more competition from other suppliers and U.S. While implementation of the U.S.-China Economic and Trade (Phase One) Agreement and the economic response to Covid-19 currently overshadows the trade landscape, the biggest challenges facing U.S.

Whereas bulk commodities once dominated, higher-valued consumer-oriented products are now surging ahead, eclipsing the former for the first time in 2019. What’s more, the composition of China’s imports is also rapidly changing. China is now the world’s largest agricultural importer, surpassing both the European Union (EU) and the United States in 2019 with imports totaling $133.1 billion. agricultural exports to China in 20, China’s agricultural purchases from the rest of the world continued apace. While trade tensions and China’s retaliatory tariffs slashed U.S.

Biggest export from us to china