Commodities US China Import Export

Anticipating Chinese imports of US agricultural products

By Philippe Pagnotta on July, 2 2020

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Philippe Pagnotta

Head of Alternative Data Sales @ Shipfix, Ex IHS Markit

In 2019, China effectively ranked as the 3rd largest importer of US Agricultural products with over $13.8bn worth of trade. In the first quarter of 2020, China imported twice as many U.S. soybeans and six times as much pork than a year ago, according to China Customs.

Soybeans imported from Brazil are unloaded at a port in Nantong in east China's Jiangsu province. The South American country is the largest exporter of the bean to China. Photo: Chinatopix via AP

Shipfix data insights feature a forward curve based on global market orders that allows to predict Import/Export Unique Commodities Forward Curves. A significant increase in Chinese imports of US agricultural products is anticipated in 2H 2020 as illustrated in the spike of orders voyage orders with a laycan beyond 4 weeks.

Screenshot 2020-06-29 at 12.08.50


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