January 29, 2004

China's 2003 Soymeal Exports Down 24%; Imports Up 159%

China's Soymeal Exports

According to China Customs Authority, a total of 52,741 metric tons of soymeal were exported from the country in December 2003, down by 8% compared to the same period of 2002.

Between January and December 2003, China's soymeal exports totalled 770,616 tons, showing a year-on-year decrease of 24%. China's soymeal was mainly exported to the following countries:

• Japan at 523,136 tons, a year-on-year decrease of 14%;
  
  
• South Korea at 99,029 tons, a year-on-year decrease of 27%;
  
  
• North Korea at 12,685 tons, a year-on-year increase of 7%;
  
  
• Hong Kong at 7,985 tons, a year-on-year decrease of 6%. 

China's Soymeal Imports

Based on the official figures, China imported a total of 1,182 tons of soymeal in December 2003, registering a sharp rise of 2854% compared to the same period of 2002.

Between January and December 2003, China's soymeal imports amounted to 1,788 tons, up by 159% compared to the same period of 2002. Of the imported amount, 1,329 tons were from India, and 240 tons from Taiwan.