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Farm produce' deficit reaches US$100m from Jan-Apr

(Xinhua)
Updated: 2007-06-08 10:39

China's trade deficit in farm produce reached US$100 million in the first four months of 2007, the Ministry of Commerce (MOC) said in Beijing Thursday.

The country's exports of farm produce hit US$11.48 billion, up 23.9 percent year-on-year , while imports were US$11.58 billion, up 10.4 percent year-on-year.

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China's farm produce exports to the European Union hit 1.64 billion dollars, South Korea US$1.37 billion, the United States US$1.39 billion and ASEAN US$1.17 billion, according to MOC figures.

Of the total, private enterprises exported US$3.67 billion, foreign-funded companies US$4.68 billion and State-owned firms US$2.67 billion.

China's trade deficit in farm produce in 2006 stood at US$670 million, a decrease of 41.3 percent from the 2005 level of US$1.14 billion, according to official figures.


(For more biz stories, please visit Industry Updates)