China's Imports & Exports | February 24, 2022. For more information on export to China, please call SINOLOBEN, service Email: sinoloben@sloben.com.
1. Russian wheat is allowed to be exported to China.
China's General Administration of Customs issued notice No. 21 of 2022, allowing the import of spring wheat for processing purposes only throughout Russia.
2. International conflicts may push up feed costs in China's livestock industry.
Ukraine is one of the main sources of China's corn imports. According to GACC, China imported 8.24 million tons of corn from Ukraine in 2021, accounting for 29.04 percent of the total. Corn imported from China is mainly used for feed processing. Corn imported from Ukraine mainly starts from the port of Kiev and enters China's eastern and southern ports by sea. Recently, corn prices have continued to rise, from 1900 yuan / ton at the end of 21 years to 2600 yuan / ton at present. The international situation will further push up the import price of corn in the short term, thus increasing the cost of feed.
3. Hong Kong formally submitted to join RCEP.
The Hong Kong SAR government formally submitted its application to join the Regional Comprehensive Economic Partnership (RCEP) in mid-January this year and joined it about 18 months later.
4. About 1/5 of Kazakhstan's imports come from China in 2021.
The total volume of import and export trade in Kazakhstan reached more than 101.5 billion US dollars in 2021. Of these, about 20 per cent of the products are imported from China, with an import value of about US $8.3 billion.
5. South Korea's exports to China hit a new high in 2021.
South Korean exports to China hit an all-time high of $213.6 billion last year, but exports of South Korean consumer goods to China slowed down, according to South Korea's trade promotion agency.
Consulting service for China's imports & exports, please contact us.
Ms. Linda Li
0086（0）21 3538 3306
sinoloben@thecustoms.com.cn
As food importer & food distributor based in Frankfurt and Shanghai, Sinoloben Europa Trading GmbH helps client export to China and bring your food products to International Expo, e.g. China International Import Expo (CIIE), the world's largest import-themed expo.
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