These ratios can be found in the right-side margin of Figure 8. Another interesting way to look at the data is to investigate the cover ratio (exports / imports) of traded goods, showing the direction of the trade flows between the two economies. The most traded group of goods at this level was telecommunications equipment. Ten belonged to machinery and vehicles, seven to other manufactured goods and three to chemicals. These top 20 goods covered 55 % of total trade in goods in 2022. soybean harvest and peak selling timeframe.More detail about the goods exchanged between the EU and China is given in Figure 8, showing the 20 most traded goods at SITC-3 level. If realized, South American soybean supplies will be tight going into the final quarter of 2022, which would both support high prices and reduce export competition from Brazil at the start of the next U.S. On the export side, 2021/22 soybean production in Brazil, Argentina, and Paraguay is forecast down 5 percent from the previous harvest on dry weather. performance in this market will depend on its price competitiveness with Brazil, which has been hampered by the depreciation of the real over the past few years. EU imports are forecast to remain flat in 2021/22. trading partners like Mexico, Egypt, Japan, and Bangladesh is forecast to remain high in 2021/22, providing an opportunity for U.S. China soybean imports and crush pace have slowed in early 2022 on higher prices, driving crush margins negative. exporters will likely see reduced demand from China, where total imports are forecast 3 percent lower by volume over this period. soybean exports are forecast down 9 percent to 55.8 million tons for the marketing year ending in September 2022 (MY 2021/22). soybean exports to Turkey shot up from virtually zero to nearly $200 million after the approval of six new soybean biotech products. Exports by volume declined by 5 percent, remaining steady with annual imports of 2.4 million tons. Exports to Japan climbed nearly 30 percent, by value, reaching the second highest level on record (2008 was record).market share in the EU contracted for the third straight year. Exports to the EU fell 11 percent by volume as U.S. While 2021 exports were up slightly over the previous year, much of this was based on higher unit values as the volume of exports declined by 20 percent. Exports to China increased substantially at the end of 2020 into early 2021 as its swine industry recovered from ASF and soybean demand returned to pre-ASF levels.Exports to Mexico rose on higher unit value as quantity remained stable.Unit values for U.S soybean exports were more than 25 percent higher than the previous year on tight exporter supplies and China’s strong demand, driving value growth despite lower volume.soybean exports was 30 percent above the 5-year average of 2016-2020. Sales to China remained relatively flat as a 20-percent drop in export volume offset stronger prices. Most of the remaining growth came from the EU, Japan, Turkey, and Indonesia. Mexico accounted for more than 40 percent of the export value growth, as tonnage was up marginally despite higher unit values. Export value is up on a 29-percent jump in unit values more than offsetting a 17-percent drop in volume. soybean exports to the world reached a new record at $27.4 billion, up 7 percent from the prior year’s record. Census Bureau Trade Data - BICO HS-10 Highlights

Biggest export from us to china