Members’ Trade Data Analysis: China August 2020 SummarySeptember 29, 2020
August marked China’s lowest import volumes of 2020, according to the latest Chinese customs data. China imported a total of 29,048 tonnes, 49% lower than the previous month (56,872 tonnes), and 54% lower than in August 2019 (63,565 tonnes). So far this year, China has imported a total of 425,503 tonnes of shrimp.
China’s imports from Ecuador (its main supplier) dropped to 16,453 tonnes in August, which was over 50% lower than the previous month. Imports from India also went down by about 50% in August. Imports from Vietnam dropped, too, but the drop was less extreme than from the other sources. While there have been signs that some Chinese imports have restarted, it will be a slow process. According to our sources, while some Chinese buyers reopened purchasing, many have scaled back in their purchases (some by up to 80%).
This summary offers you a sneak peek at China’s Trade Data Analysis for August 2020. Members, find the full report in your library, which includes the breakdown of imports by country and price developments.
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