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U.S. 2020 farm good exports to China miss Phase 1 trade goal - USDA

U.S. 2020 farm good exports to China miss Phase 1 trade goal - USDA

· 02/05/2021 10:08
U.S. 2020 farm good exports to China miss Phase 1 trade goal - USDA

- The United States exported $28.75 billion of agricultural goods and related products to China in 2020, data from the U.S. Department of Agriculture showed on Friday, missing the $36.5 billion targetted under the Phase 1 trade deal.

Beijing and Washington signed the Phase 1 trade deal in January 2020 after two years of acrimony and a steep slump in imports by one of the biggest buyers of U.S. agricultural goods.

Total exports of farm goods not including ethanol and forest products were $26.43 billion in 2020, the data showed.


(Reporting by Mark Weinraub, Dominique Patton and Eileen Soreng)

((mark.weinraub@thomsonreuters.com; +1 313 484 5282; Reuters Messaging: mark.weinraub.thomsonreuters.com@reuters.net))