# China's soybean imports up 15% in January-July - Chinadaily.com.cn

> China imported 62.3 million tons of soybeans in January to July 2023, up 15% from a year earlier. July imports were 9.73 million tons, down from June but above July 2022. The average per-tonne import value rose 1.3% year on year, and imported soybeans are mainly crushed into animal feed meal.

- Date: 2023-08-08 · published 2023-08-08T12:00:00.000Z
- Category: trade · region China · magnitude low
- Page: https://feedsoft.ai/events/14824-china-s-soybean-imports-up-15-in-january-july-chinadaily-com-cn
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Robust Chinese soybean imports sustain global crush demand and support soybean meal supplies for feed, supporting prices.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2020-08-27 | [China's soybean imports will keep increasing - Chinadaily.com.cn](https://feedsoft.ai/events/51481-china-s-soybean-imports-will-keep-increasing-chinadaily-com-cn.md) | +4.7% | +8.8% |
| SOY | 2023-01-17 | [China’s December soybean imports jump](https://feedsoft.ai/events/37768-china-s-december-soybean-imports-jump.md) | -3.1% | +0.3% |
| SOY | 2022-10-24 | [China's monthly soybean imports jump \| World Grain](https://feedsoft.ai/events/14892-china-s-monthly-soybean-imports-jump-world-grain.md) | -0.6% | +2.3% |
| SOY | 2024-07-03 | [China poised for record July soybean imports on low prices](https://feedsoft.ai/events/14735-china-poised-for-record-july-soybean-imports-on-low-prices.md) | -2.0% | -11.7% |
| SOY | 2023-11-10 | [China soybean imports top 100 million tonnes](https://feedsoft.ai/events/33166-china-soybean-imports-top-100-million-tonnes.md) | +2.4% | -1.8% |
| SBM | 2022-10-24 | [China's monthly soybean imports jump \| World Grain](https://feedsoft.ai/events/14892-china-s-monthly-soybean-imports-jump-world-grain.md) | +1.8% | -1.8% |
| SBM | 2024-07-03 | [China poised for record July soybean imports on low prices](https://feedsoft.ai/events/14735-china-poised-for-record-july-soybean-imports-on-low-prices.md) | +1.3% | -3.9% |
| SBM | 2023-11-10 | [China soybean imports top 100 million tonnes](https://feedsoft.ai/events/33166-china-soybean-imports-top-100-million-tonnes.md) | +3.6% | -4.9% |

## Sources

- global.chinadaily.com.cn: https://global.chinadaily.com.cn/a/202308/13/WS64d87121a31035260b81bd07.html
- brecorder.com: https://www.brecorder.com/news/40256836

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