In 2023, China's total vegetable oil imports reached US$12.252 billion, a year-on-year increase of 6.44%

Published 2024년 3월 7일

Tridge summary

In December, the country's vegetable oil imports fell by 25.35% year-on-year to US$956 million, with a volume of 971,500 tons, down 7.93% from the previous year. However, the total vegetable oil imports for the year increased by 6.44% to US$12.252 billion, with a volume of 11.4539 million tons, up 37.95% year-on-year. The top ten countries for vegetable oil import volume were Indonesia, Russia, Malaysia, Ukraine, India, the UAE, Belarus, Brazil, Argentina, and Kazakhstan, making up 92.85% of the total import volume.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

According to my country's customs statistics, in December, my country's vegetable oil imports were US$956 million, a year-on-year decrease of 25.35%; the import volume was 971,500 tons, a year-on-year decrease of 7.93%. From January to December, my country’s vegetable oil imports totaled US$12.252 billion, a year-on-year increase of 6.44%; the import volume was 11.4539 million tons, a year-on-year increase of 37.95%. In terms of market, from January to December, the top ten countries/regions in my country's vegetable oil import volume were Indonesia, Russia, Malaysia, Ukraine, India, the United Arab Emirates, Belarus, Brazil, Argentina, and Kazakhstan, which together accounted for 15% of my country's import volume of this product. 92.85%. ...

Source: Foodmate