Analysis

The Phase One trade deal makes US wheat exports to China have gone through the ceilings

Wheat
China
United States
Published Apr 27, 2021
Wheat exports from China to the US decreased in 2019 due to the trade war, making China have to shift its demand to France. Now that the United States and China have reached an agreement on a Phase One trade deal, its exports have increased drastically by 90%, making the US the second-largest exporter after Canada. The growth rate of US exports to China was recorded to have increased by +926.16% and with wheat exports worth 569.92M USD. Apart from the Chinese market, the US recovered its exports to other major importers including Japan, the Philippines, South Korea, Yemen, and Thailand.
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