# China: China Trade Data Update - 1st Half CY2023 | USDA Foreign Agricultural Service

> China's customs data for the first half of 2023 show agricultural imports up 8.3% year on year, while exports were roughly flat. Vegetable oil and soybean volumes rose significantly, with modest gains in meats and grains. The increase comes as the broader Chinese economy remains sluggish after the post-Covid recovery slowed.

- Date: 2023-08-01 · published 2023-08-01T12:00:00.000Z
- Category: report · region China · magnitude low
- Page: https://feedsoft.ai/events/14818-china-china-trade-data-update-1st-half-cy2023-usda-foreign-agricultural-service
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Stronger soybean and vegetable oil buying supports demand for oilseeds and feed protein, though the sluggish economy limits how far import growth can lift prices.

## Read by commodity

- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2024-09-05 | [China: Oilseeds and Products Update \| USDA Foreign Agricultural Service](https://feedsoft.ai/events/28419-china-oilseeds-and-products-update-usda-foreign-agricultural-service.md) | -2.6% | +5.0% |
| SOY | 2023-01-06 | [Record U.S. FY 2022 Agricultural Exports to China \| USDA Foreign Agricultural Service](https://feedsoft.ai/events/14870-record-u-s-fy-2022-agricultural-exports-to-china-usda-foreign-agricultural.md) | +4.3% | +4.4% |
| SOY | 2021-12-08 | [Export Sales to China and Mexico \| USDA Foreign Agricultural Service](https://feedsoft.ai/events/43568-export-sales-to-china-and-mexico-usda-foreign-agricultural-service.md) | +0.7% | +10.7% |
| SOY | 2025-11-21 | [Argentina: Oilseeds and Products Update \| USDA Foreign Agricultural Service](https://feedsoft.ai/events/13824-argentina-oilseeds-and-products-update-usda-foreign-agricultural-service.md) | +1.4% | -6.5% |
| SOY | 2026-03-19 | [China: Oilseeds and Products Annual \| USDA Foreign Agricultural Service](https://feedsoft.ai/events/14592-china-oilseeds-and-products-annual-usda-foreign-agricultural-service.md) | +0.9% | +0.2% |

## Sources

- fas.usda.gov: https://www.fas.usda.gov/data/china-china-trade-data-update-1st-half-cy2023

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.