Agriculture & Food

As the two largest economies in the world, China and the United States are constantly achieving complementary advantages, mutual benefit and win-win trade cooperation between the two countries. You must know that despite the impact of the epidemic, the bilateral trade volume between China and the United States will still reach 4.06 trillion yuan (RMB, the same below) in 2020, a year-on-year increase of 8.8%.

Soaring 120%

China buys 136 billion U.S. agricultural products

Entering 2021, Sino-US trade continues to show good prospects for development. According to official data, from January to June 2021, China imported 136 billion yuan of agricultural products from the United States, a year-on-year increase of 120.8%.

Recently, Chinese officials stated that Sino-US agricultural trade is a mutually beneficial and mutually beneficial cooperation. It is hoped that the two countries will continue to maintain cooperation in the future and make greater contributions to global trade.

U.S. purchases 1.64 trillion yuan of Chinese goods

In fact, it is not only China's large-scale purchase of American agricultural products, but also the increasing demand for "Chinese goods" in the United States.

At present, the economy of the world's largest economy is gradually picking up. At a time when market consumption is booming, US companies have begun to "replenish" from overseas.

Especially the purchase of Chinese goods-in the first six months of this year, the bilateral trade volume between China and the United States reached 2.21 trillion yuan, of which the United States imported 1.64 trillion yuan worth of goods from the Chinese market, a year-on-year increase of 31.7%.

These commodities mainly include mechanical and electrical products (computers, mobile phones, home appliances, etc.), labor-intensive products (clothing, plastic products, etc.), with a total transaction volume of 1.01 trillion yuan and 372.2 billion yuan respectively. As ocean freight has the advantages of low freight and low volume, it has naturally become the main transportation method for American buyers to import goods from overseas.

At the same time, China's total imports of goods from the United States reached 570.65 billion yuan in the first half of the year, a year-on-year increase of 43.9%. This also made the bilateral trade volume between China and the United States reach 2.21 trillion yuan in the first six months of this year, a year-on-year increase of 34.6%.

So far, the United States has become China's third largest trading partner. And among China's major trading partners, the United States has the highest increase.