China: Highlights of 2022 Record Agricultural Trade with the PRC

  |   Attaché Report (GAIN)   |   CH2023-0023

In 2022, the total value of all U.S. agricultural and related products exported to the People’s Republic of China (PRC) reached a record $40.9 billion, an increase of 14.5 percent compared to the previous year. The PRC was again the largest market for U.S. agricultural and related exports. The export values reached in 2022 come after significant effort to rebuild the market for U.S. agriculture since 2018 when exports were $13.2 billion. Products in the “bulk” category like soybeans and corn dominate the percentage share of U.S. ag. exports though “consumer-oriented” products like beef, pork, poultry, dairy, and tree nuts play an increasingly important role. Top 5 U.S. export categories to the PRC in 2022 included soybeans ($17.9 billion), corn ($5.3 billion), cotton ($2.9 billion), beef and beef products ($2.2 billion), and coarse grains ($1.8 billion). In 2022, the U.S. imported $9.5 billion in agricultural and related products from the PRC, a 9.5 percent increase from 2021.

Related Reports

Attaché Report (GAIN)

United Kingdom: UK Import Controls Update

The United Kingdom's Border Target Operating Model, its post-Brexit system of import controls on animals, animal products, plants, and plant products, is set to come into effect on exports from the EU on January 31, 2024, and from the rest of the...
South Africa’s sorghum imports are expected to be elevated over the next two marketing years on lower production coupled with lower stocks as production continues to decline. Sorghum production in South Africa dropped over the past two decades as...
Attaché Report (GAIN)

Pakistan: Cotton and Products Update

No significant changes are made to the cotton supply and demand outlook. The 2023/24 cotton production forecast is unchanged at 6.5 million bales, total use is 10 million bales, and the import forecast remains 4.2 million bales.