China's crop trade deficit recorded for 1st time

www.chinaview.cn 2004-08-20 08:16:04

    Mostly in Agriculture  importing US$3.73 billion more than it exported.

    The country averaged an agriculture trade surplus of US$4.3 billion a year

between 1995 and 2003.

    In 2004 exported US$10.62 billion  

    Imports - hit a record US$14.35 billion, producing a US$3.73 billion deficit.

    grain (rice, corn, wheat and barley), edible oil, and cotton.

    The United States alone exported US$4.96 billion worth of farm produce to China, a jump of 68.1 per cent   

    China's agricultural exports to the US were valued at US$1.12 billion, up by 26.9%

Net change = +++ US 3.84 BILLION

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