# General Administration of Customs: in the first 4 months, Chinas soybean imports decreased by 3.8% to 26 million 490 thousand tons.

2018-05-08 06:05:31
category:Society

In May 8th, according to the data released by the General Administration of customs, in April, the total value of Chinas imports and exports was 2 trillion and 360 billion yuan, an increase of 7.2% over the same period last year (the same below). Among them, exports were 1 trillion and 270 billion yuan, an increase of 3.7%; imports of 1 trillion and 90 billion yuan, an increase of 11.6%; trade surplus of 182 billion 800 million yuan, narrowed 27%. In March, Chinas export growth rate was negative from -9.8% to the first negative growth since February last year. In the first 4 months of this year, the total value of Chinas trade in goods imports and exports was 9 trillion and 110 billion yuan, an increase of 8.9%. Among them, exports were 4 trillion and 810 billion yuan, an increase of 6.4%; imports of 4 trillion and 300 billion yuan, an increase of 11.7%; trade surplus of 506 billion 240 million yuan, narrowed 24.1%. In the first 4 months, the total trade volume between China and the United States was 1 trillion and 240 billion yuan, an increase of 5.9%, accounting for 13.6% of Chinas total foreign trade. In the first 4 months, the import volume of soybean decreased, the import volume of 26 million 490 thousand tons decreased by 3.8%, and the average import price was 2723.8 yuan per ton, down 8%. The largest oilseed processors in the world: China has basically stopped buying American soybeans. In May 3rd, according to CF, SorenSchroder, chief executive of Bunge, the worlds largest oilseed processors, said China had basically stopped buying American soybeans.