Major grain import and export markets by China from January to October 2024

Published Dec 24, 2024

Tridge summary

The article provides an overview of China's grain trade performance in the first 10 months of the year, revealing a significant decrease in both imports and exports compared to the previous year. Grain imports in October fell by 66.87% year-on-year to $433 million and by 5.36% to 38.1697 million tons, with the top ten countries accounting for 94.92% of these imports. Meanwhile, exports in the same period dropped by 12.91% year-on-year to $657 million and by 23.48% to 976,700 tons, with South Korea being the leading market for China's grain exports, showing a notable increase of 75.28% year-on-year. Overall, this data highlights a downturn in China's grain trade dynamics compared to the previous year.

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

Original content

【Import】 According to my country's customs statistics, in October, my country's grain imports were US$433 million, a year-on-year decrease of 66.87%; the import volume was 1.5531 million tons, a year-on-year decrease of 61.65%. In the first 10 months, my country's total grain imports were US$11.187 billion, a year-on-year decrease of 23.26%; the import volume was 38.1697 million tons, a year-on-year decrease of 5.36%. In terms of market, in the first 10 months, the top ten countries/regions in my country's grain imports were Australia, Brazil, Ukraine, Canada, France, the United States, Argentina, Russia, Kazakhstan, and Myanmar, accounting for 94.92% of my country's imports of this product. In the first 10 months, Australia was the most important market for my country's grain imports, with an import volume of US$2.509 billion, a year-on-year decrease of 1.75%. In October, the import volume was US$60 million, a year-on-year decrease of 58.45%. 【Export】 According to my country's ...

Source: Foodmate