# US-China phase one tracker: China’s purchases of US goods | PIIE

> A PIIE tracker follows China's monthly purchases of U.S. goods covered by the Phase One agreement, which took effect February 14, 2020. The analysis finds China bought only 58 percent of the total U.S. goods and services exports it committed to over 2020-21. It bought none of the additional $200 billion.

- Date: 2020-05-18 · published 2020-05-18T12:00:00.000Z
- Category: trade · region US · magnitude low
- Page: https://feedsoft.ai/events/52983-us-china-phase-one-tracker-china-s-purchases-of-us-goods-piie
- 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

Persistent shortfalls against Phase One commitments reduce expected structural demand for U.S. farm exports, which limits upside for U.S. soybeans and other crops.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2021-04-27 | [US-China phase one tracker: China’s purchases of US goods - WITA](https://feedsoft.ai/events/47449-us-china-phase-one-tracker-china-s-purchases-of-us-goods-wita.md) | -0.6% | -2.9% |
| SOY | 2020-01-15 | [US–China Phase One trade deal signed](https://feedsoft.ai/events/7-us-china-phase-one-trade-deal-signed.md) | -1.6% | -3.9% |
| SOY | 2020-03-25 | [China's purchase of US soybeans spike in Jan-Feb under phase one deal](https://feedsoft.ai/events/53995-china-s-purchase-of-us-soybeans-spike-in-jan-feb-under-phase-one-deal.md) | -0.1% | -5.9% |
| SOY | 2024-08-18 | [China says has begun purchase of more US farm goods  \| Pulse Kenya](https://feedsoft.ai/events/14729-china-says-has-begun-purchase-of-more-us-farm-goods-pulse-kenya.md) | +1.4% | +7.0% |
| SOY | 2020-10-27 | [Trump's phase one trade deal with China and the US election \| PIIE](https://feedsoft.ai/events/50504-trump-s-phase-one-trade-deal-with-china-and-the-us-election-piie.md) | -3.4% | +9.5% |
| CORN | 2021-04-27 | [US-China phase one tracker: China’s purchases of US goods - WITA](https://feedsoft.ai/events/47449-us-china-phase-one-tracker-china-s-purchases-of-us-goods-wita.md) | +4.7% | -1.2% |
| CORN | 2020-01-15 | [US–China Phase One trade deal signed](https://feedsoft.ai/events/7-us-china-phase-one-trade-deal-signed.md) | +0.3% | -2.4% |
| CORN | 2020-10-27 | [Trump's phase one trade deal with China and the US election \| PIIE](https://feedsoft.ai/events/50504-trump-s-phase-one-trade-deal-with-china-and-the-us-election-piie.md) | -3.7% | +6.9% |

## Sources

- piie.com: https://www.piie.com/research/piie-charts/2020/us-china-phase-one-tracker-chinas-purchases-us-goods

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