# China's 2020 U.S. soybean imports surged though likely missed trade target

> China's soybean imports from the United States in 2020 rose 52.8% from a year earlier, according to customs data released Wednesday. However, the purchases likely fell short of the roughly 40 million tonnes needed to fulfil the soybean portion of the Phase 1 trade deal.

- Date: 2021-01-20 · published 2021-01-20T12:00:00.000Z
- Category: trade · region China · magnitude medium
- Page: https://feedsoft.ai/events/49006-china-s-2020-u-s-soybean-imports-surged-though-likely-missed-trade-target
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Continued Chinese buying of U.S. soybeans supports export demand for U.S. beans, but a shortfall against the Phase 1 pledge raises the risk of further purchase pressure to meet targets.

## Read by commodity

- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2025-12-08 | [China Set for Record 2025 Soybean Imports on Brazil Buys, U.S. Trade Truce](https://feedsoft.ai/events/21532-china-set-for-record-2025-soybean-imports-on-brazil-buys-u-s-trade-truce.md) | -2.6% | -5.7% |
| SOY | 2026-01-20 | [China hits 12 million ton US soybean target pledged in trade truce \| Reuters](https://feedsoft.ai/events/14605-china-hits-12-million-ton-us-soybean-target-pledged-in-trade-truce-reuters.md) | +0.4% | +7.2% |
| SOY | 2018-03-03 | [China soybean buyers will cope if U.S. trade spat hits imports: New Hope](https://feedsoft.ai/events/65861-china-soybean-buyers-will-cope-if-u-s-trade-spat-hits-imports-new-hope.md) | -3.0% | -2.4% |
| SOY | 2020-12-25 | [China's Nov soybean imports from U.S. surge on year after trade deal - Markets - Business Recorder](https://feedsoft.ai/events/49498-china-s-nov-soybean-imports-from-u-s-surge-on-year-after-trade-deal-markets.md) | +4.2% | +8.4% |
| 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% |

## Sources

- reuters.com: https://www.reuters.com/article/china-economy-trade-soybeans/chinas-2020-u-s-soybean-imports-surged-though-likely-missed-trade-target-idUSL4N2JU0KD/

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