According to the Customs, from January to May 2022, China¡¯s import and export value of agricultural products amounted to 132.88 billion USD, up by 11.3% y/y. Among that, the export value was 38.73 billion USD, up by 22.6%. The import value was 94.16 billion USD, up by 7.1%. Trade deficit reached 55.43 billion USD, down by 1.3%.
In May 2022, China¡¯s import and export value of agricultural products amounted to 31.06 billion USD, up by 16.7% y/y. Among that, the export value was 8.77 billion USD, up by 27.6%. The import value was 22.29 billion USD, up by 12.9%. Trade deficit reached 13.52 billion USD, up by 5%.