# China's trade slumps, threatening recovery prospects | Reuters

> China's trade slumped as crude oil shipments to the country fell 18.8% from the previous month to their lowest daily rate since January. Shipments were still 17% above the same period a year earlier. The article links the weakness to threats to the country's economic recovery.

- Date: 2023-08-08 · published 2023-08-08T12:00:00.000Z
- Category: trade · region China · magnitude low
- Page: https://feedsoft.ai/events/14819-china-s-trade-slumps-threatening-recovery-prospects-reuters
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Weaker Chinese import demand points to softer energy and commodity demand, which can pressure prices for feed inputs and related commodities.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2024-05-14 | [What the US-China trade looks like by sector \| Reuters](https://feedsoft.ai/events/14751-what-the-us-china-trade-looks-like-by-sector-reuters.md) | +3.5% | -2.3% |
| SOY | 2019-05-06 | [China stocks, yuan tumble on Trump's fresh tariff threats \| Reuters](https://feedsoft.ai/events/59287-china-stocks-yuan-tumble-on-trump-s-fresh-tariff-threats-reuters.md) | -3.9% | +6.0% |
| SOY | 2023-11-02 | [U.S. farm leaders, visiting China, talk up agriculture trade \| Reuters](https://feedsoft.ai/events/14797-u-s-farm-leaders-visiting-china-talk-up-agriculture-trade-reuters.md) | +4.5% | +4.0% |
| SOY | 2026-10-26 | [China’s Soybean Buying Picks Up, But a Tariff Wall Still Blocks Full Trade Recovery](https://feedsoft.ai/events/14538-china-s-soybean-buying-picks-up-but-a-tariff-wall-still-blocks-full-trade.md) | -1.5% | — |
| SOY | 2019-10-10 | [China buys more U.S. soybeans, record volume of pork ahead of trade talks \| Reuters](https://feedsoft.ai/events/56423-china-buys-more-u-s-soybeans-record-volume-of-pork-ahead-of-trade-talks-reuters.md) | +0.5% | -0.9% |
| CORN | 2019-05-06 | [China stocks, yuan tumble on Trump's fresh tariff threats \| Reuters](https://feedsoft.ai/events/59287-china-stocks-yuan-tumble-on-trump-s-fresh-tariff-threats-reuters.md) | -3.2% | +10.5% |
| CORN | 2019-11-01 | [China Trade Reversal to Spike Poultry Prices \| Food Processing](https://feedsoft.ai/events/56213-china-trade-reversal-to-spike-poultry-prices-food-processing.md) | +0.4% | +0.3% |
| CORN | 2023-11-02 | [U.S. farm leaders, visiting China, talk up agriculture trade \| Reuters](https://feedsoft.ai/events/14797-u-s-farm-leaders-visiting-china-talk-up-agriculture-trade-reuters.md) | +1.4% | -2.0% |

## Sources

- reuters.com: https://www.reuters.com/world/china/chinas-july-exports-imports-fall-much-faster-than-expected-2023-08-08/

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