China’s soybean imports from Brazil fell sharply in March, as rain delayed some shipments. However, soybean imports from the U.S. more than tripled. China imported 7.18 million tons of soybeans from the U.S. in March, a 320% jump from 1.71 million tons a year earlier, according to official Chinese statistics.
According to Chinese customs data, China’s soybean imports from the U.S. jumped 320 percent in March from a year earlier, while imports from Brazil plummeted. China imported 315,334 tons of soybeans from Brazil in March, plunging 85 percent from 2.1 million tons a year earlier, according to data from China’s General Administration of Customs, Reuters reported today.
Brazil is the world’s largest exporter of soybeans.
China imported 7.18 million tons of soybeans from the United States in March, a 320 percent jump from 1.71 million tons a year earlier.
Reuters said that although China increased its imports of U.S. soybeans and other agricultural products after signing the first phase of a trade deal with the U.S. last January, buyers’ imports from the U.S. were much higher than usual in 2021 as rains in Brazil slowed the harvest and delayed exports.
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