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China Facts: Chinese hunger for food import

China imported $61.65 billion worth of food last year, a rise of 11.1% over 2016. Over the last 20 years, food imports have grown 14.6% a year on average, far surpassing GDP growth. In that time, the private sector has gone from supplying 0.7% of imported goods in 1997 to 51.3% last year. Meat products, dairy, aquatic products, grain products, vegetable oil, fruit products and liquor were the top imported categories last year. The fastest growing categories were dairy (particularly butter and yoghurt) - up 36.1% for the year, tea with 33.9% and nuts with 31.8% growth. The US, Australia and NZ were the top-3 countries for supplying food. *)

 

*) the weekly skinny 5th December 2018

 

 

 

 

 

 

 

 

 

 

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Hans Henrik Pontoppidan
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