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China’s agchem export down 9% in Q1 2016

Date:05-13-2016

According to data released by the Chinese General Administration of Customs, the total import and export value of pesticides in the first quarter of this year fell by 8.5% to US$1,165 million, while trade surplus dropped by 9.3% to $706 million.

Total Value of Foreign Trade in Q1 2016($ million)
Category
Total import and export volume
Trade surplus(deficit)
Q1 2016
Q1 2015
%Change
Q1 2016
Q1 2015
%Change
Pesticide
1,165.33
1,274.16
-8.5
706.01
778.68
-9.3
Insecticide
261.65
250.57
4.4
146.87
155.95
-5.8
Fungicide
207.00
207.37
-0.2
30.54
21.64
41.1
Herbicide
642.54
764.46
-15.9
528.30
606.55
-12.9

Import & Export (000 tons, $ million)
Category
Import
Export
Volume
%Change
Value
%Change
Volume
%Change
Value
%Change
Pesticide
28
-1.0
229.66
-7.3
336
1.4
935.67
-8.8
Insecticide
3
31.6
57.39
21.3
56
11.6
204.26
0.5
Fungicide
9
9.7
88.23
-5.0
24
20.9
118.77
3.7
Herbicide
10
-12.6
57.12
-27.7
244
-2.5
585.42
-14.6

Import specifics
 
In the first three months of 2016, the total volume of imported pesticides declined by 1% to 28,000 tons, with value dropping by 7.3% to $230 million.
 
Herbicide imports are the main driver of the overall import decline, with a volume of 10,000 tons and value of $57 million, down 12.6% and 27.7% year-on-year (YOY). Fungicide imports were recorded at 9,000 tons, with a 9.7% increase, but value decreased by 5% to $88 million. Insecticide imports' volume and value were 3,000 tons and $57 million, up 31.6% and 21.3% YOY, respectively.
 
Export specifics
 
The export volume increased by 1.4% to 336,000 tons in Q1 2016 but value decreased by 8.8% to $936 million. Herbicides were the largest category during the period, with a volume of 244,000 tons (down 2.5%) and value of $585 million (down 14.6%). The export volume of insecticides increased by 11.6% to 56,000 tons. For fungicide, the volume rose by 20.9% to 24,000 tons, with a value of $119 million.
 


 

 
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