Agriculture Reference
In-Depth Information
In order to demonstrate more clearly changes n agrcultural trade
between China and ASEAN, the agricultural products are classified further
into nine commodity groups: animal products, fish, cereals, vegetables
and fruits, sugar, oil seeds, raw materials, rubber, processed products and
vegetable ols. As we also analyse changes n terms of the factor ntenstes
of the commodities, agricultural products are classified into labour-intensive
and land-intensive commodities. The two sets of classifications at the two-
dgt level are shown n Table A12.1.
Agricultural trade between China and ASEAN
Changes in China's imports, exports and net exports with ASEAN
Blateral trade n agrcultural products has expanded n recent years. As
Figure 12.1 shows, China's imports from ASEAN increased in 1999 after a
short period of decline after 1995, and accelerated after 2002. The annual
import growth rate jumped from 17.3 per cent during 1999-2001 to 27.3
per cent during 2001-05. The import value of agricultural products from
ASEAN to China in 2005 reached US$5 billion—more than 2.6 times the
level n 2001.
Exports of agricultural products from China to ASEAN fluctuated slightly
during 1992-2001 and increased continuously after 2001. The average
annual export growth rate reached 17 per cent in the period 2001-05—a
rapid rate but much lower than that of imports. Therefore, China's trade
deficit with ASEAN in agricultural products has been increasing, reaching
US$2.8 billion in 2005.
Shares of blateral agrcultural trade between Chna and ASEAN
The Chnese market s becomng more and more mportant for ASEAN's
agricultural exports. As Figure 12.2 shows, there was a short-term decline
in 1998 and 1999 in the share of ASEAN's total agricultural exports to
China. This could have been a temporary effect of the East Asian financial
crisis; however, the share resumed its strong growth after 1999. The share
of exports to Chna n ASEAN's total agrcultural exports ncreased quckly
from 4.8 per cent in 1999 to 10.2 per cent in 2005. In contrast, the share of
