# China's trade suffers worst slump in 2-1/2 yrs as COVID woes, feeble demand take toll | Reuters

> China's exports and imports shrank at their steepest pace in at least 2.5 years. Weak global and domestic demand, COVID-related production disruptions and a property slump weighed on trade. The report signals a sharp slowdown in the world's second-biggest economy.

- Date: 2022-12-07 · published 2022-12-07T12:00:00.000Z
- Category: trade · region China · magnitude medium
- Page: https://feedsoft.ai/events/6578-china-s-trade-suffers-worst-slump-in-2-1-2-yrs-as-covid-woes-feeble-demand-take
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Lower Chinese import volumes reduce demand for soybeans and other feed ingredients, which is bearish for prices. A prolonged slump would weigh on feed demand from the largest importer.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2021-09-24 | [China's soybean demand in Q4 set to slacken as crushers face power cuts: trade](https://feedsoft.ai/events/45137-china-s-soybean-demand-in-q4-set-to-slacken-as-crushers-face-power-cuts-trade.md) | -2.2% | -4.7% |
| SOY | 2019-03-02 | [As trade war wears on, U.S. soybean farmers start to worry that China's demand won't return](https://feedsoft.ai/events/60197-as-trade-war-wears-on-u-s-soybean-farmers-start-to-worry-that-china-s-demand.md) | -1.7% | -1.7% |
| SOY | 2018-11-22 | [Trump's China trade war forces U.S. soybeans to take costly detour](https://feedsoft.ai/events/62091-trump-s-china-trade-war-forces-u-s-soybeans-to-take-costly-detour.md) | +0.5% | +0.2% |
| SOY | 2021-07-13 | [Global Soybean Trade Slows on Weaker China Demand \| Feed & Grain](https://feedsoft.ai/events/46110-global-soybean-trade-slows-on-weaker-china-demand-feed-and-grain.md) | -0.3% | +0.1% |
| SOY | 2019-08-05 | [U.S. farmers suffer 'body blow' as China slams door on farm purchases \| Reuters](https://feedsoft.ai/events/57442-u-s-farmers-suffer-body-blow-as-china-slams-door-on-farm-purchases-reuters.md) | +2.8% | +0.8% |
| CORN | 2017-01-26 | [America's farmers stand to lose the most in a China trade war](https://feedsoft.ai/events/72863-america-s-farmers-stand-to-lose-the-most-in-a-china-trade-war.md) | +1.9% | +1.7% |
| CORN | 2018-03-29 | [Tariffs aside, China’s ethanol demand remains - World - Chinadaily.com.cn](https://feedsoft.ai/events/66010-tariffs-aside-china-s-ethanol-demand-remains-world-chinadaily-com-cn.md) | +4.8% | +4.9% |
| CORN | 2018-11-02 | [As China soy demand wavers, U.S. farmers turn back to grains](https://feedsoft.ai/events/62089-as-china-soy-demand-wavers-u-s-farmers-turn-back-to-grains.md) | +3.2% | -4.0% |

## Sources

- reuters.com: https://www.reuters.com/markets/asia/chinas-exports-imports-dive-nov-feeble-demand-domestic-covid-woes-2022-12-07/

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