China's farm produce trade deficit expands in Q1

Publish time:5/18/2020 12:00:00 AM      Source: Xinhua
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BEIJING — China's agricultural products trade reported a deficit of $20.94 billion in the first quarter (Q1) of 2020, up 23.5 percent year-on-year, official statistics showed. 


Imports increased by 8.8 percent year-on-year to $37.31 billion while exports went down 5.7 percent to $16.37 billion, according to statistics released by the Ministry of Agriculture and Rural Affairs. 


Total farm produce trade volume rose 3.9 percent year-on-year to $53.68 billion in the first three months. 


Total imports of corn grew 27.3 percent year-on-year to 1.25 million metric tons in Q1 while imports of pork reached 928,000 tons, up 180 percent year-on-year.