Agriculture Reference
In-Depth Information
Trends in China's agricultural trade following WTO accession
Aggregate trends n agrcultural trade
Between 1992 and 2001, China's agricultural trade experienced large
fluctuations but did not grow (Figure 11.1). Since its entry into the WTO,
the value of Chna's agrcultural trade has ncreased dramatcally to reach
US$50.44 billion in 2005—an increase of 90 per cent over the 2001 figure.
The trends n exports and mports were smlar to that of total agrcultural
trade during the period 1992 to 2001. However, following entry into the
WTO, agricultural imports have increased more rapidly than agricultural
exports. From 2002 to 2005, the annual growth rate of agricultural imports
was 31.5 per cent, while that of agricultural exports was 11.7 per cent. As a
result, in 2004 and 2005 agricultural imports exceeded agricultural exports
Figure 11.1 China's agricultural trade, 1992-2005 (at constant 2000 US$
prces)
60000
Total
Export
Import
50000
40000
30000
20000
10000
0
1992 1993 1994
1995 1996
1997 1998 1999
2000
2001 2002 2003 2004
2005
Year
Sources: Data from 1992 to 2004 are from United Nations Statistics Division, Commodity
Trade Statistics Database , COMTRADE. http://unstats.un.org/unsd/comtrade/default.aspx.
Data for 2005 are from China General Administration of Customs (various issues, 2005).
Zhongguo Haiguan Tongji Yuebao [China Customs Statistical Monthly Report], Zhongguo
Haiguan Chubanshe, Beijing.
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