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Increase in Trade Deficit in Livestock Products

Date:2018-05-30 11:05:10

Increase in Trade Deficit in Livestock Products
By the end of March, 2018, the import and export volume of livestock products in China increased, and the deficit was further expanded. Among them, the export volume was 1.55 billion dollars, an increase of 19.5% compared with last year; The import value was 7.104 billion dollars, with a year-on-year increase of 17.2%; The trade deficit of livestock products reached 5.549 billion dollars, up 792 million dollars.
Decrease in Trade Deficit in Pig Products
As of March, the trade deficit in pig products reached 831 million dollars, a decrease of 10.4% , which mainly resulted from pork and pork offal. For one thing, the export volume of pig products was 666,000 tons, up 3.2% on the same period last year, while the export value was 242 million dollars, a year-on-year decrease of 1.0%; For anther thing, the import volume was 599,000 tons, down 12.5% from a year earlier, and the import value was 1.073 billion dollars, a decrease of 8.4% compared with the last year. Among the export products, processing pork and fresh frozen pork respectively accounted for 41.4% and 14.9%; Among the imported products, fresh frozen pork and pork offal were 54.1% and 45.9% respectively.
1.Fresh frozen pork imported 314,100 tons. By the end of March, the export volume of fresh frozen pork was 9,945.23 tons, down 20.7% year on year and the export value was 4801.59 dollars, a year-on-year decrease of 28.3%, which mainly was exported to Hong Kong in China. Additionally, the import volume of pork amounted to 324,000 tons, a year-on-year decrease of 6.4%, and the import value achieved 604 million dollars, a decrease of 4.6%. The major importing countries are the United States, Germany, Spain, Denmark, Canada, Poland, France and Chile.
2.The export of processing pork was 27,400 tons. By the end of March, the export volume of processing pork was 27,600 tons, an increase of 11.7% over the same period of last year, which was mainly exported to Japan and Hong Kong, while the import volume was 108.06 tons, down 38.6% compared with last year.
3.Pork offal was mainly in import. As of march, the import volume of offal amounted to 274,900 tons, down 18.8% from a year earlier. Offal is mainly imported from the United States, Denmark, Spain, Canada, France and Germany.
4.The export of live pigs increased. China's live pigs are not imported. The export volume of live pigs (except for breeding pigs) was 28,600 tons, a year-on-year increase of 4.9%. Live pigs are exported to Hong Kong and Macau.
Increase in Trade Surplus in Poultry Products
As of March, the trade surplus in poultry products was approximately 119 million dollars, an increase of 17.063 million dollars over the same period of last year, and a year-on-year increase of 16.8%. Among them, the export value was 376 million dollars, up 11.6% year on year, while the import value was 257 million dollars, an increase of 9.35%. Import was dominated by poultry meat and chopped meat.
1.The import of poultry meat and chopped meat was 58,900 tons. By the end of March, the export volume was 48,000 tons, up 1.8% from a year earlier, mainly in Hong Kong. It mainly exported from Liaoning, Guangdong, Shandong and Hunan. The import volume amounted to 106,900 tons, up 3.7% year on year, mainly in Brazil and Argentina.
2.Processing poultry was based on export. By the end of March, the export volume was 61,900 tons, a year-on-year increase of 15.0%, and the main export destination was Japan.
Increase in Trade Deficit of Cattle Products
Increase in Trade Deficit of Cattle Products
As of March, the trade deficit in cattle products was 1.021 billion dollars, an increase of 258 million dollars from the same period last year, an increase of 39.3%. Imported products are dominated by beef, which accounts for about 93.2% of import value.
1.Import of beef increased, with a net import of 21.16 million tons. By the end of March, the export volume of beef was 86.50 tons, a year-on-year decrease of 46.5%, and the export value was 762,300 dollars, a decrease of 49.4%. It was mainly exported to Hong Kong, Kyrgyzstan and North Korea. The import volume amounted to 217,000 tons, an increase of 32.2% over the same period of last year. and the import value amounted to 982 million dollars, an increase of 40.6%. It was mainly from Brazil, Uruguay, Australia, New Zealand, and Argentina.
 
2.The export of processing beef reached 2171.6 tons. By the end of March, the export volume was 2,776.73 tons, an increase of 36.5% compared with last year, with an export value of 18.7231 million dollars, an increase of 39.7%. It was mainly exported to Japan and Hong Kong.
3.The cattle chop was mainly in import, and the import of cattle chop increased. As of March, the import volume was 5,576.99 tons, an increase of 2.9% over the same period last year. It was mainly from Australia and Uruguay.
Increase in Trade Deficit in Sheep Products
Mutton is the main import and export of sheep products. By the end of March, the export volume of sheep products was 878.66 tons, an increase of 10.0%, and the main export destination was Hong Kong. While the import volume was 89,600 tons, a year-on-year increase of 25.3%, and it mainly imported from New Zealand and Australia. Generally speaking, the net import volume was 88,800 tons, and the trade deficit was about 362 million US dollars, an increase of 60.1% over the previous year.
Decline in Trade Surplus in Egg Products
China’s egg products were mainly in export. As of March, the export volume of China's egg product amounted to 11,200 tons, a year-on-year decrease of 14.8%. In the export products, fresh and processing eggs accounted for 75.3% and 24.6% of the export volume, respectively. The trade surplus was 40.325 million dollars, a decrease of 1.478 million dollars over the previous year.
Imports and Exports of Dairy Products Increased, with Increasing Trade Deficit
By the end of March, the export volume of China’s egg products was 10,400 tons, an increase of 38.6%. While the import volume reached 72.62 million tons, a year-on-year increase of 14.9%. What’s more, the trade deficit was 2.47 billion dollars, an increase of 450 million dollars compared with the last year, which was mainly from milk and cream of concentrated, sweetened or other sweet materials, whey and milk and cream without concentrating, sweetening or other sweet substances.