News

In the first nine months of 2023, China’s sugar imports totaled US$1.151 billion, a year-on-year decrease of 32.56%

Sugar
China
Market & Price Trends
Published Nov 24, 2023

Tridge summary

In September, my country's sugar imports decreased by 12.19% compared to the previous year, with an import volume decrease of 30.65%. In the first nine months, sugar imports decreased by 32.56%, with an import volume decrease of 39.68%. Brazil remained the most important market for sugar imports, with a decrease in import value of 28.99% in the nine month period and 13.61% in September.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

According to my country's customs statistics, in September, my country's sugar imports were US$326 million, a year-on-year decrease of 12.19%; the import volume was 538,900 tons, a year-on-year decrease of 30.65%.

In the first nine months, my country's sugar imports totaled US$1.151 billion, a year-on-year decrease of 32.56%; the import volume was 2.1131 million tons, a year-on-year decrease of 39.68%.

In terms of market, in the first nine months, the top ten countries/regions in terms of my country’s sugar import volume were Brazil, India, South Korea, Thailand, Guatemala, Pakistan, Cuba, Indonesia, Saudi Arabia, and Malaysia, which together accounted for 50% of my country’s import volume of this product. 99.49%.

In the first nine months, Brazil was my country's most important market for sugar imports, with an import value of US$862 million, a year-on-year decrease of 28.99%. In September, the import value was US$302 million, a year-on-year decrease of 13.61%.
Source: Foodmate
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