# U.S. agricultural exports to China to increase in FY 2020 despite COVID-19 slowdown | Economic Research Service

> The USDA Economic Research Service projects U.S. agricultural exports to China will reach $13.0 billion in fiscal 2020, up from $10.1 billion in 2019. The growth is driven mainly by soybean and pork purchases, with some sorghum and cotton demand as well.

- Date: 2020-07-17 · published 2020-07-17T12:00:00.000Z
- Category: report · region China · magnitude low
- Page: https://feedsoft.ai/events/51980-u-s-agricultural-exports-to-china-to-increase-in-fy-2020-despite-covid-19
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Sorghum](https://feedsoft.ai/c/SORGHUM.md)

## Why it matters

A projected rise in Chinese demand for U.S. soybeans and pork supports export-oriented prices. The forecast is a structural signal rather than a new trade event.

## Read by commodity

- SOY: bullish ▲
- SORGHUM: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2024-08-28 | [Export Sales to China, Colombia, and Mexico \| USDA Foreign Agricultural Service](https://feedsoft.ai/events/14724-export-sales-to-china-colombia-and-mexico-usda-foreign-agricultural-service.md) | +4.0% | +8.9% |
| SOY | 2020-08-24 | [Soybean-to-corn price ratio signals increasing soybean profitability \| Economic Research Service](https://feedsoft.ai/events/51644-soybean-to-corn-price-ratio-signals-increasing-soybean-profitability-economic.md) | +5.5% | +13.5% |
| SOY | 2021-02-05 | [US sets new record for ag exports to China in 2020 \| 2021-02-05  \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/48476-us-sets-new-record-for-ag-exports-to-china-in-2020-2021-02-05-agri-pulse.md) | -0.4% | +4.5% |

## Sources

- ers.usda.gov: https://ers.usda.gov/data-products/charts-of-note/chart-detail?chartId=98826

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