The status of foreign trade in the Chinese seed industry, import greater than export

Published 2022년 3월 25일

Tridge summary

China is experiencing a critical period of growth in its seed industry, with foreign trade playing a key role. In 2021, the country's crop seed trade volume reached US$1.01 billion, nearly doubling the 2011 figure of $560 million. Imported seeds, mainly horticultural crop seeds, had a trade volume of $680 million, with the United States, the Netherlands, Japan, Chile, Denmark, and Thailand being the main sources. The exports, mainly rice seeds, had a trade volume of $330 million, with the Netherlands, Pakistan, the Philippines, the United States, South Korea, Vietnam, and Japan as the main destinations.

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

Original content

At present, China is in a critical period of the revitalization of the seed industry, where foreign trade is an important source and market for development of Chinese seed industry. In terms of agricultural crop seed development, China's import is greater than export. The import is mostly horticultural crop seed while export is mainly rice seed. In 2021, China's crop seed trade volume was US$1.01 billion, which nearly doubled the trade volume of 2011 ($560 million). Out of the trade volume, import was $680 million which mainly include vegetable seeds ($240 million accounting for 35.3%), feed seeds ($160 million accounting for 23.5%), flower and seed ($150 million accounting for 22.1%); the import are mostly horticultural crop seeds, vegetable seeds such as carrot, spinach, onion, premium tomato, sugar beet and ryegrass, which have an high import dependence of above 90%. Export reached $330 million, the main varieties include vegetable seeds ($110 million accounting for 33.3%), ...

Source: Agropages