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Monitoring and analysis of China’s farm produce trade, October, 2017  

2017-12-06 11:43:31|  分类: 农业 |  标签: |举报 |字号 订阅

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Customs data show that the growth in imports of farm produce rebounded and the exports increased slightly in China in October. Agricultural trade was active, and deficit increased significantly. The total trade value of agricultural products in the first ten months broken through 1 trillion yuan for the first time.

1) In October, the total trade value of agricultural products was 15.44 billion dollars, up 13.18% year on year, accounting for 4.54% of the total trade value of all commodities; the accumulative trade value in the first ten months was 161.48 billion dollars, up 9.15% year on year, accounting for 4.86% of the accumulative trade value of all commodities. If converted into RMB, the total imports and exports were 110.1 billion yuan, up 11.02% year on year; the accumulative exports and imports were 1.1005 trillion yuan, up 12.67% year on year.

In October, China’s total import value of farm produce was 8.88 billion dollars, up 17.33% year on year, accounting for 5.89% of the total import value in domestic. The proportion was lower than that of minerals (6.36%). The total export value of farm produce was 6.55 billion dollars, up 8.0% year on year, accounting for 3.5% of domestic export value. Trade deficit of agricultural products was 2.33 billion dollars, up 34.76% from the previous year, accounting for about 1.2% of total exports of all commodities. The proportion increased 0.4% from the previous year.

2) From the perspective of agricultural investment in October, the total investment in primary industry was 212.3 billion yuan, up 8.10% year on year, accounting for 3.58% of the total investment in industries. Trade deficit accounted for 7.26% of the total investment in the same month, up 2.1% year on year. In October, the total investment in agriculture, forestry, animal husbandry and fishery was 249.5 billion yuan, up 6.03% year on year, accounting for 4.2% of the total investment in fixed assets in all cities and towns.

3) In October, the total import value of grains including cereals, potatoes and beans was 3.05 billion dollars, up 12.3% year on year, accounting for 34.3% of the total import value of agricultural products; the total import volume of grains was 8.36 million tons, up 17.4% year on year; the import price of grains was USD365/MT. It’s predicted that annual import volume and import value of grains will be 132 million tons and 48.9 billion dollars, grain imports will reach 21.6% of domestic grain output, and China’s self-sufficiency rate of grain will drop to 82.3%.

The import volume, import value and import price of cereal and its powder respectively were 1.79 million tons, 482 million dollars and USD269/MT, separately increasing 31.62%, 40.66% and 6.87%. It’s predicted that the annual import volume will reach 24.96 million tons which is about 4.47% of domestic output, and China’s self-sufficiency rate of cereal will drop to 95.53%. China’s import volume accounts for 7.15% of global trade volume, the second highest level historically.

The import volume and import price of soybean respectively were 5.86 million tons and USD411/MT in October, increasing 12.5% and -4.8% year on year. It’s predicted that annual import volume and import value of soybean will be 97.70 million tons and 39.2 billion dollars. The import volume of soybean accounts for 80.12% of the total import volume of grains, and the import value of soybean is 31.06% of the total import value of all agricultural products.

The import volume of other grains was 710,000 tons, up 29.1% year on year; the monthly import price was USD225/MT, down 1.1% year on year. The monthly import volume and import price of dry cassava respectively were 537,000 tons and USD183/MT, separately increasing 30.7% and -2.5% year on year.

Grain export: in October, export volume and average export price of grain were 230,000 tons and USD765/MT, increasing 27.78% and -10.75% year on year.

By varieties, the export volume and export price of cereal and its power respectively were 120,000 tons and USD549/MT in October, increasing 71.43% and -29.02% year on year. In October, the export volume and export price of potatoes respectively were 70,000 tons and 743yuan/ton; the accumulative export volume and average export price of potatoes were 540,000 tons and USD684/MT in the first ten months. The export volume and export price of soybean were 50,000 tons and USD1161/MT.

In soybean exports, the export volume and export price of soybean respectively were 6700 tons and USD761/MT, decreasing 19.74% and 13.86% year on year.

3) Imports of vegetable oil: in October, the import volume and import price of vegetable oil respectively were 470,000 tons and USD741/MT, increasing 51.61% and -4.81% year on year. The monthly import value of vegetable oil accounted for 3.92% of total import value of agricultural products. The import volume, import value and average import price (CIF) of rapeseed respectively were 396,200 tons, 218 million dollars and USD550/MT, separately increasing 110.74%, 85.56% and -11.95% year on year. The total import value of soybean, oil plants and vegetable oil was 2.974 billion dollars, accounting for 33.5% of the total import value of agricultural products. The total import volume of these products (converted into crude oil) was 1.675 million tons, up 27.0% year on year. The monthly import volume of vegetable oil accounted for more than 29.2% of the production of enterprises above designated size.

4) Imports of edible animal products: in October, the import volume, import value and import price of edible animal products respectively were 676,000 tons, 1.8 billion dollars and USD2664/MT, separately increasing -6.98%, 10.96% and 19.28% year on year. The import value of edible animal products accounted for 20.3% of the total import value of agricultural products.

The monthly import volume of meats, aquatic products and poultry egg & milk respectively were 307,200 tons, 212,000 tons and 157,100 tons, separately increasing -12.48%, -16.37% and 28.23% year on year. In October, the import volume of meats accounted for 9.64% of the production of fresh, chilled and frozen meat of domestic enterprises above designated size in October.

In addition, the total import volume of dairy products was 190,000 tons in October, up 30.07% year on year; the monthly import volume accounted for 7.14% of domestic total production of milk products.

In October, the import volume of milk powder was 63,500 tons, up 66.59% year on year, accounting for 25.28% of the total production of domestic milk powder.

5Other products

The import volume and import price of cotton respectively were 78,000 tons and 1944yuan/ton, separately increasing 88.8% and 8.3% year on year. The import value of cotton accounted for 1.71% of the total import value of agricultural products.

The import volume and average import price of dry and fresh fruits respectively were 270,000 tons and USD1260/MT, increasing 8.00% and -10.99% year on year. The import value of dry and fresh fruits accounted for 3.83% of the total import value of agricultural products.

The import volume of sugar was 170,000 tons, up 54.5% year on year; the monthly import value of sugar accounted for 0.7% of the total import value of agricultural products; the import volume was about 51.6% of domestic output.

6Overall analysis of edible farm produce imports

The total import value of main raw-food materials was 5.82 billion dollars, up 14.23% year on year. It accounted for 65.5% of the total import value of all agricultural products, down 1.78% from the year earlier.

In October, the import volume of raw-food materials was 10.34 million tons, up 18.81% year on year. It accounted for 5.01% of the total import volume of all commodities in domestic. The accumulative import volume in the first ten months accounted for 5.66% of that of all commodities. 

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