For the first time, the United States exported more beef to China last year than Australia

Published 2023년 3월 14일

Tridge summary

In 2022, the United States emerged as China's leading beef supplier, exporting 192,000 tons, surpassing Australia's 185,000 tons. This shift is largely attributed to the trade conflict and increasing tensions between China and Australia. Beyond beef, American exports of wine and cotton to China have also outpaced Australia's. Australia's meat exports to China have faced hurdles since 2020, including trade measures and reduced production. Despite recent improvements in Australia-China relations under the new government, geopolitical shifts and potential bans on beef imports from Brazil could present opportunities for Australian beef exports to China.

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

Original content

The United States sent 192,000 tons of beef to China in 2022, surpassing Australia, which was the main exporter, which exported 185,000. Until just 3 years ago, the oceanic country sent 300,000 tons to the second largest economy in the world, while the US barely reached 10,000. According to the South China Morning Post report, the increase in US beef exports to China is a consequence of the trade war between the world's 2 largest economies as well as increased tensions between Beijing and Canberra in recent years. Australia's annual exports of frozen and chilled beef to China were about 185,000 tonnes in 2022, but the US has just surpassed that with 192,000 tonnes of meat and offal. (Report: China and the US, key players in the world trade in beef) That is a marked increase from the 6,000 to 10,000 t that the world's No. the author pointed out. Consequently, the US's foray into the Chinese market accelerated in 2020 and its exports were on par with Australia in 2021. China is one ...

Source: MXContexto