Frozen beef exports from the United States to China surged after the latter’s tensions with its top exporter Australia broke out in April.
U.S. beef exports increased to $107 million in July while Australian exports fell to $35 million.
In April, U.S. shipments amounted to $68 million as Australia exported $80 million worth of frozen beef.
Exports to China that have been traditionally dominated by Australia were gradually replaced by the U.S., which analysts believe will support the phase-one trade deal between the U.S. and China.
Rural Bank Agricultural analyst Michael Curtis said that the U.S.-China trade deal, which requires China to prioritize U.S. products, gave the U.S. an edge in replacing Australia as China’s top supplier.
Beijing responded with trade blocks on Australian exports such as wine and coal after Canberra pushed for an investigation on China regarding the origins of COVID-19 in 2020.
The U.S. also filled the lack of Australian exports after China banned Australian coal earlier in the year.
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