China's farm produce trade deficit grows in January-May period

According to official statistics, China's trade in agricultural products reported a deficit of US$36.67 billion in the first five months of 2020, up 20.6 percent year on year. Farm produce imports increased by 8.8 percent year on year to US$65.98 billion, while exports fell 3 percent to US$29.31 billion, according to the Ministry of Agriculture and Rural Affairs.

China's total farm produce trade volume rose by 4.9 percent year on year to US$95.29 billion during the January-May period.

Exports of fruits and vegetables both registered year-on-year growth, with fruit exports up 18.9 percent to US$2.51 billion and vegetable exports rising by 4.6 percent from last year.

Source: xinhuanet.com


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