Executive Summary Chinese dairy import figures provided by GTIS were recently updated with values spanning through Mar ’18. Highlights from the updated report include:

• Mar ’18 total Chinese dairy import volumes rebounded slightly, finishing up 3.3% MOM on a daily average basis and 1.2% YOY. Chinese dairy import volumes have finished higher on a YOY basis over nine of the past ten months through Mar ’18.
• Mar ’18 Chinese whole milk powder declined 17.4% YOY, finishing at a nine year seasonal low for the month of March, while skim milk powder imports declined 15.9% YOY, finishing at a three year seasonal low.
• Mar ’18 Chinese dairy imports excluding whole milk powder and skim milk powder increased 9.5% YOY, reaching a record seasonal high for the month of March.

Additional Report Details According to GTIS, Mar ’18 total Chinese dairy import volumes increased 3.3% MOM and 1.2% YOY, finishing higher on a YOY basis for the ninth time in the past ten months. Chinese dairy import volumes originating from within the EU-28 increased most significantly on a YOY basis throughout the month, more than offsetting YOY declines in imports originating from within New Zealand and the U.S. Mar ’18 Chinese import volumes of whole milk powder (WMP) and skim milk powder (SMP) each declined on a YOY basis for the second consecutive month, finishing down 17.4% and 15.9%, respectively. Chinese WMP import volumes reached a nine year seasonal low throughout Mar ’18, while SMP import volumes finished at a three year seasonal low. Chinese dairy imports excluding WMP and SMP remained strong, however, finishing up 9.5% YOY to a record seasonal high for the month of March. Chinese dairy imports excluding WMP and SMP have finished higher on a YOY basis over nine of the past ten months through Mar ’18. Mar ’18 Total Chinese Dairy Imports Rebounded Slightly From the Previous Month Mar ’18 Total Chinese Dairy Import Volumes Increased 3.3% MOM and 1.2% YOY Total Chinese Dairy Import Volumes Finished at the Third Highest March Figure on Record Mar ’18 Chinese WMP Import Volumes Declined 48.6% MOM and 17.4% YOY Chinese WMP Imports Declined to a Nine Year Seasonal Low for the Month of March Mar ’18 Chinese SMP Import Volumes Declined 10.8% MOM and 15.9% YOY Chinese SMP Imports Declined to a Three Year Seasonal Low for the Month of March Mar ’18 Chinese Dairy Imports Excluding WMP & SMP Increased 35.4% MOM and 9.5% YOY Chinese Dairy Imports Excluding WMP & SMP Finished at a March Record Seasonal High New Zealand Accounted for Over a Third of the Total Mar ’18 Chinese Dairy Imports Mar ’18 EU-28 Share of Total Chinese Dairy Imports Increased Most Significantly YOY Executive Summary Chinese dairy import figures provided by GTIS were recently updated with values spanning through Mar ’18. Highlights from the updated report include:

• Mar ’18 total Chinese dairy import volumes rebounded slightly, finishing up 3.3% MOM on a daily average basis and 1.2% YOY. Chinese dairy import volumes have finished higher on a YOY basis over nine of the past ten months through Mar ’18.
• Mar ’18 Chinese whole milk powder declined 17.4% YOY, finishing at a nine year seasonal low for the month of March, while skim milk powder imports declined 15.9% YOY, finishing at a three year seasonal low.
• Mar ’18 Chinese dairy imports excluding whole milk powder and skim milk powder increased 9.5% YOY, reaching a record seasonal high for the month of March.

Additional Report Details According to GTIS, Mar ’18 total Chinese dairy import volumes increased 3.3% MOM and 1.2% YOY, finishing higher on a YOY basis for the ninth time in the past ten months. Chinese dairy import volumes originating from within the EU-28 increased most significantly on a YOY basis throughout the month, more than offsetting YOY declines in imports originating from within New Zealand and the U.S. Mar ’18 Chinese import volumes of whole milk powder (WMP) and skim milk powder (SMP) each declined on a YOY basis for the second consecutive month, finishing down 17.4% and 15.9%, respectively. Chinese WMP import volumes reached a nine year seasonal low throughout Mar ’18, while SMP import volumes finished at a three year seasonal low. Chinese dairy imports excluding WMP and SMP remained strong, however, finishing up 9.5% YOY to a record seasonal high for the month of March. Chinese dairy imports excluding WMP and SMP have finished higher on a YOY basis over nine of the past ten months through Mar ’18. Mar ’18 Total Chinese Dairy Imports Rebounded Slightly From the Previous Month Mar ’18 Total Chinese Dairy Import Volumes Increased 3.3% MOM and 1.2% YOY Total Chinese Dairy Import Volumes Finished at the Third Highest March Figure on Record Mar ’18 Chinese WMP Import Volumes Declined 48.6% MOM and 17.4% YOY Chinese WMP Imports Declined to a Nine Year Seasonal Low for the Month of March Mar ’18 Chinese SMP Import Volumes Declined 10.8% MOM and 15.9% YOY Chinese SMP Imports Declined to a Three Year Seasonal Low for the Month of March Mar ’18 Chinese Dairy Imports Excluding WMP & SMP Increased 35.4% MOM and 9.5% YOY Chinese Dairy Imports Excluding WMP & SMP Finished at a March Record Seasonal High New Zealand Accounted for Over a Third of the Total Mar ’18 Chinese Dairy Imports Mar ’18 EU-28 Share of Total Chinese Dairy Imports Increased Most Significantly YOY