China agchem export value down by 15%

Date:04-30-2014

In Feb 2014, China’s agchem import volume grew 31.6% to 7,000 tons with import value significantly increasing 62.6% to $ 78 milllion y-o-y, according to the data released by the Chinese General Administration of Customs. Pesticide export in Feb decreased 14.9% to 69,000 tons, with export value at $ 228 million.

For the first two months of 2014, the country imported a total of 17,000 tons of pesticide, import volume grew by 23.1% and value reached $ 149 million. Pesticide export also registered double digit increase in volume and value terms of 10.8% and 14.8% to 193,000 tons and $ 663 million respectively.

Import specifics

Fungicide was the largest category of pesticide import in Feb, with import volume boosting by 94.4% to 3,000 tons. Insecticide import also rose 32.9% to 1,000 tons in volume terms, while herbicide import slid down by 2.7% to 2,000 tons of volume.

Category	Import（000 tons, $ M）
	Feb		Jan-Feb
	volume	value	volume	value
Fungicide	3	32	5	60
Herbicide	2	22	7	42
Insecticide	1	19	2	35
Total	7	78	17	149

From Jan to Feb, total volume of herbicide import steadily grew 8% to 7000 tons, with value increasing 32.8% to $ 42 million. Fungicide and insecticide import volume grew 34% and 49.1% to 5,000 tons and 2,000 tons, valued at $ 60 million and $ 35 million respectively.

Export specifics

Herbicide continued to be the largest category of pesticide export in Feb, while export volume and value both decreased 11.8% and 7.8% to 54,000 tons and $ 170 million. Insecticide and fungicide exported also saw decreases of 9,000 tons and 4,000 tons respectively.

Category	Export（000 tons, $ M）
	Feb		Jan-Feb
	volume	value	volume	value
Herbicide	54	170	146	467
Inseticide	9	37	29	123
Fungicide	4	16	11	60
Total	69	228	193	663

Despite the decrease of herbicide export in Feb, the total herbicide export in Jan and Feb kept substantial growth with volume increased 12.2% to 146,000 tons and value of $ 467 million. Insecticide exported 29,000 tons, with value increasing 9% to $ 123 million. Fungicide export also registered a slight increase.