Brazil, ASEAN and EU Become China's Three Major Trade Partners in Food Import and Export

Xinhua News Agency, Luohe, May 16 (Reporter Dong Fei)-In 2018, China's food imports and exports reached 1.25 trillion yuan (RMB, the same below), up 4.9% year on year. Brazil, ASEAN and EU are the top three trading partners.

The 17th China (Luohe) Food Expo opened on the 16th in Luohe, Henan Province. Gao Jibo, Director of the Analysis Division of the General Statistics Department of the General Administration of Customs of China, released "2018 China's Import and Export Trade in Food Industry".

Gao Jibo said that in 2018, China's food exports totaled 458.6 billion yuan, up 2.2 percent. Imports totaled 791.86 billion yuan, up 6.5%. The deficit was 333.26 billion yuan, up 13%. Brazil, ASEAN and EU are the top three trading partners.

In 2018, China imported and exported 217.26 billion yuan of food to Brazil. The main export products were aquatic seafood and the import products from Brazil were soybeans. Imports and exports of food to ASEAN amounted to 215.41 billion yuan, mainly exporting vegetables, fresh and dry fruits, nuts and aquatic products, mainly importing grain, fresh and dry fruits, nuts and edible vegetable oil; Imports and exports of food to EU totaled 136.05 billion yuan, mainly exporting aquatic seafood and vegetables, mainly importing dairy products and alcohol.

According to analysis, in 2018, China's food import and export was in good condition, with closer economic and trade cooperation with its major trading partners, with import growth higher than export growth.

Gao Jibo pointed out at the same time that as the barriers to China's food exports from European Union, United States, South Korea and other countries continue to rise, China's food exports may become more difficult.

He said, encourage enterprises to increase overseas investment layout, co-ordinate domestic and foreign two kinds of resources and two kinds of markets; Accelerate the transformation and upgrading of domestic industries to form a new competitive advantage in the domestic market with technology, brand, quality and service as the core.