Argentina overtakes the United States as the largest supplier of imported soybeans to China

Introduction: Xinhua Finance, Beijing, Dec 29 (Xinhua) - according to the analysis of Wenhua finance and economics, according to the statistics of the customs in the past five years, the import of soybeans in China has increased sharply In 1997, the import of soybeans was only 2.96 million tons, and in 2000, it increased to 10.42 million tons, an increase of 252% In the first 11 months of this year, the import of soybeans has exceeded the import of the whole year last year by 1280 Million tons, a record high In terms of importing countries, Argentina surpassed the United States in the first 11 months of this year as the largest supplier of soybeans to China In 1997, there were mainly American soybeans and a small amount of Brazilian soybeans The import volume of Argentine soybeans was zero In 1998, Argentine soybeans began to enter the Chinese market Since then, they have been pouring into China continuously The import volume increased from 390000 tons in 1998 to 960000 tons in 1999, more than doubling In 2000, the import volume expanded to 2.78 million tons, almost three times that of the previous year This year, the import volume of Argentine soybeans increased from 390000 tons in 1998 to 960000 tons in 1999 In the first 11 months, the import volume has reached 4.87 million tons, surpassing that of the United States and becoming the largest supplier of soybeans to China Throughout the year, the United States will also be China's largest soybean supplier, but its market share is no longer as large as before In 1997, the market share of the United States was 83%, while that of Brazil was 15% When Argentina joined in 1998, the market share of the United States was reduced to 56%, Argentina and Brazil accounted for 12% and 29% respectively By 2000, the market share of the United States was reduced to 52%, while that of Argentina and Brazil was expanded to 27% and 20%, respectively In the first 11 months of this year, the United States and Argentina have been equally divided, and Argentina has slightly gained the upper hand Market share reached 39%, compared with 37% in the US and 24% in Brazil From this data, we can see that from 1997 to now, Argentina's soybean market share in China has expanded from zero to 39%, while the United States' share has shrunk from 83% to 37% If Brazil and Argentina are combined, the share of South American soybeans in China has increased from 15% in 1997 to 63% at present, and the status of both sides has changed fundamentally According to Argentina's export statistics, from January to October 2001, Argentina exported 7.41 million tons of soybeans China is the largest export market of Argentina, with an export volume of 4.9 million tons, accounting for 66% of Argentina's total soybean exports.