China's farm produce trade deficit widens in first 8 months

Xinhua
China continued to see expansion of trade deficit in farm produce in the first eight months of 2019, official data showed.
Xinhua

China continued to see expansion of trade deficit in farm produce in the first eight months of 2019, official data showed.

Farm produce trade deficit increased 13 percent year on year to reach US$48.42 billion in the January-August period, according to the Ministry of Agriculture and Rural Affairs.

Imports came in at US$98.15 billion, up 4.5 percent year on year, while exports amounted to US$49.73 billion, down 2.7 percent.

Total trade in farm produce grew 1.9 percent year on year to US$147.88 billion during this period, the ministry said.

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