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China agchem export value grew 18% in Q1 2014

In March, China’s pesticide import grew 8.9% to 9,800 tons in volume y-o-y, while import value decreased 12.3% to $ 81 million, according to the data released by the Chinese General Administration of Customs. Pesticide export in the month grew 10.7% at 125,000 tons, and value steadily grew 22.0% to $ 433 million.

For the first quarter in 2014, the country imported 26,800 tons of pesticide in total, with import value rising 4.9% to $ 221 million. Pesticide export growth in this quarter significantly surpassed the same period last year, with 11% and 17.5% higher in volume and value terms, reaching 318,000 tons and $1,096 million respectively.

Import specifics

Category

Jan-Mar

%Change

volume(000 tons)

value($M)

volume

value

Insecticide

3.1

45

+19.4

-20.6

Fungicide

8.6

91

+15

+16.8

Herbicide

10.8

65

+16.4

+11.3

Total

26.8

221

+17.9

+4.9

From Jan to Mar, both the import volume and value of fungicide and herbicide realized double digit increase. Fungicide import volume grew 15% to 8,600 tons and value grew 16.8% to $ 91 million, while herbicide import boosted 16.4% and 11.3% in volume and value terms to 10,800 tons and $ 65 million respectively. Insecticide import value went down by 20.6% to $ 45 million, while volume increased to 3,100 tons.

Export specifics

Category

Jan-Mar

%Change

volume(000 tons)

value($M)

volume

value

Insecticide

51.0

209

+10.4

+12.6

Fungicide

19.0

100

+1.8

+2.5

Herbicide

238.0

767

+11.5

+21.5

Total

318.1

1,096

+11

+17.5

From Jan to Mar, herbicide export substantially increased by 11.5% and 21.5% in volume and value terms. Insecticide exported 51,000 tons with value at $ 209 million. Fungicide export slightly grew in volume and value terms with 1.8% and 2.6% increase. 

 

 



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