China's nine-month agchem trade records double-digit growth in 2014

Date:11-18-2014

According to the data released by the Chinese General Administration of Customs, pesticides import volume in September increased by 14.7% to 6 thousand tons, with import value up by 1.5% to $41.7 million. Pesticide export volume in September down by16.2% to 68 thousand tons, with value down by 17.7% to $247 million.

In the first nine month of 2014, the total volume of imported pesticides was up by 18.7% to 71 thousand tons, with value increased by 11.9% to $608 million. The export volume increased by 6.7% to 918 thousand tons, with value up by 14% to $3,280 million.

Import specifics

In September,fungicide volume increased by 11.9% to 2 thousand tons, with value $18.7 million. Herbicide import sharply decreased by 70.5% to 1 thousand tons. Insecticide volume was down 43.1% and value dipped by 0.1% to $6.21 million.

During the first nine months of 2014, the volume and value of fungicide import showed double-digit growth. The volume of fungicide was up by 18% to 25 thousand tons, with value increased 14% to $266 million. Herbicide volume was 21 thousand tons, recording a 14.2% increase in value to $129 million. Import volume of insecticide was9,000 tons (up 0.6%) and value was $135 million (up 2.4%).

Import (000 tons, $M)
Category	Sep.		Nine-month
	Volume	Value	Volume	Value
Herbicide	1.0	5.8	21	128.9
Insecticide	0.0	6.2	9.0	135.0
Fungicide	2.0	18.7	25	265.6
Total	6.0	41.7	71	607.5

Export specifics

In September, herbicide is the largest category, with volume down by 25.3% to 41 thousand tons and value of $127 million. The export volume of insecticide grew by 5.6% to 6.0 thousand tons. For fungicide, the volume rose by 5.8% to 6000 tons, with value of $31.0 million.

During the first nine months of 2014, all the agchems showed a double-digital growth. The export of herbicides was up 7.4% to 643 thousand tons and 13.1% to $2,068 million, in terms of volume and value respectively. Insecticide export volume recorded a 5.8% increase to 185 thousand tons,with value up 17.9% to $822 million. The export of fungicide increased by 5.1% in volume and 10.3% in value.

Export (000 tons, $M)
Category	September		Nine-month
	Volume	Value	Volume	Value
herbicide	41	127.4	643	2,067.5
Insecticide	19	81.7	185	822.0
Fungicide	6	31.0	57	313.1
Total	68	247.2	918	3,279.8