China
U.S. Trade with China in 2023
Export Market Rank
#1 Among U.S. Agricultural Export Markets
Total Export Value
$28.84 Billion
3-Year Average
$33.24 Billion
Compound Average Growth
1.8% (2014-2023)
Total Export Value 2014 - 2023
Export Value by Commodity 2023
Top 10 Exports to China in 2023
| Commodity | Total Value (USD) | Total Volume (Metric Tons) | 10-Year Average Value (USD) | 10-Year Growth |
|---|---|---|---|---|
| Soybeans | $15.06 Billion | 26.39 Million | $12.37 Billion | 4% |
| Corn | $1.63 Billion | 5.61 Million | $1.37 Billion | 1850% |
| Beef & Beef Products | $1.61 Billion | 189,373 | $582.92 Million | 593949% |
| Cotton | $1.55 Billion | 775,619 | $1.27 Billion | 40% |
| Pork & Pork Products | $1.24 Billion | 496,396 | $1.07 Billion | 162% |
| Coarse Grains (excl. corn) | $1.19 Billion | 3.87 Million | $1.21 Billion | -19% |
| Tree Nuts | $1.18 Billion | 222,808 | $546.82 Million | 518% |
| Poultry Meat & Prods. (excl. eggs) | $732.75 Million | 412,108 | $394.96 Million | 132% |
| Dairy Products | $607.3 Million | 423,023 | $563.03 Million | -13% |
| Other Feeds, Meals & Fodders | $563.66 Million | 575,282 | $393.68 Million | 33% |
Data and Analysis
FAS China forecasts commercial production of in-shell walnuts to rebound 11 percent to 1.5 MMT in MY 2024/25 supported by favorable growing conditions in major production areas. Improved world supplies and changing dietary concepts will likely drive nut imports to continue rising.
China’s MY 2024/25 sugar production is forecast at 11 MMT, up 600,000 MT as acreage for both cane and beet are up and competition crops are less profitable.
Feed demand in marketing year (MY) 2024/25 is expected to recover slightly, with a projected total volume of 286.5 million metric tons (MMT). Corn is expected to dominate feed composition due to low prices, replacing wheat and old stock rice.
Upcoming
All times in ET.
Oct 30
Nov 1
Trade Show
|
USDA Endorsed
China Fisheries and Seafood Expo
Qingdao, China
Nov 12
Nov 14
Trade Show
|
USDA Endorsed
Food and Hospitality China
Shanghai, China
Mar 17
Mar 19
2025
Trade Show
|
USDA Endorsed
Food Ingredients China
Shanghai, China
May 19
May 21
2025
Trade Show
|
USDA Endorsed
SIAL China
Shanghai, China
News and Features
Private exporters reported the following sales activities for MY 2024/2025: 116,000 MT of soybeans for delivery to China and 198,000 MT of corn for delivery to unknown destinations.
Private exporters reported sales of 116,000 MT of soybeans for delivery to China during MY 2024/2025.
Private exporters reported sales of 121,000 MT of soybeans for delivery to China during MY 2024/2025.