This gave the country a trade surplus of $834 billion. For example, the US is the top importer of computers (29%) and broadcasting equipment (26%). China has a socialist market economy, dominated by government-owned industry in an open market.
2019-11-13 China Eximbank Signed Guarantee Issuance Facility Agreement with Piraeus Port Authority S.A. 2019-11-06 Chairman Hu Xiaolian Attended the Opening Ceremony of the 2nd China International Import Expo. China is also the largest trading country in the world. The third largest imported good to China is cars, which makes up 3.6% of all imports. After machines, textiles and metals are the next largest export categories, representing $256 billion and $185 billion respectively.China’s top three export partners are the United States ($432 billion, or 18%), Hong Kong ($258 billion, or 11%), and Japan ($166 billion, or 7%).
After mineral products, machines and transportation are its next largest import categories, representing $383 billion and $117 billion respectively.China’s top three import partners are South Korea ($142 billion, or 9.3%), the US ($134 billion, or 8.8%), and Other Asia ($131 billion, or 8.6%). Relatedness measures the distance between a product, and all of the products it is currently specialized in.The Complexity-Relatedness diagram compares the risk and the strategic value of a country's potential export oppotunities.
The second and third largest export products, after machines and electronics, going to Hong Kong are precious metals ($17.8 billion) and textiles ($16.5 billion).
For about 30 years, the economy in this country was the fastest growing in the world, compared to other large economies. China Import and Export Regulations 2020 If you want to ship things into or out of China, you need to be aware that some items are not allowed into or exported from China under any circumstances. This section shows exports and imports data at subnational level for China. Month Exports Imports Balance; January 2020 : 7,215.3 : 33,280.6 -26,065.3 : February 2020 : 6,815.0 : 22,813.1 -15,998.1 : March 2020 : 7,971.9 This article takes a look at some of its major exports and imports.In 2014, China exported $2.37 trillion worth of goods. China: Exports. This partnership can be seen in the top five export products as well. This economic approach is sometimes referred to as state capitalism. The top services exported by China in 2018 were Other business services ($66.2B), Transportation ($42.3B), Travel ($40.4B), Computer and information services ($30B), and Construction services ($13.6B).The top services imported by China in 2018 were Travel ($277B), Transportation ($109B), Other business services ($47B), Royalties and license fees ($35.8B), and Computer and information services ($23.5B).This section shows forecasts for total product exports and imports for China. Click any date in the line plot, any subnational region in the geomap, or any product, destination or origin country to explore the exports or imports behavior of China over time.This section shows the differences between China's total subnational aggregate trade throughout time. Click any of the Subnational Level in the geomap to visit the specific subnational profile.The highest complexity exports of China according to the product complexity index (PCI) are The top export opportunities for China according to the relatedness index, are N/A. The largest export category is machines, specifically electronics, which represent almost half of total exports, $1.13 trillion. Within this category, the most imported product is crude petroleum, making up 13% of all imports. To explore different subnational trade comparisons in time, visit China's subnational profiles.In 2018 China exported a total of $2.59T, making it the number 1 exporter in the world. Its second largest imported product is integrated circuits, which makes up 8.8% of all imports. During the last five reported years the imports of China changed by $23.4B from $1.59T in 2013 to $1.61T in 2018.In 2018, China exported $209B worth of services. In 2014, China exported $2.37 trillion worth of goods. Relatedness measures the distance between a country's current exports and each product. The product space can be used to predict future exports, since countries are more likely to start exporting products that are related to current exports.
2019-10-22 Overview: In April 2020 China exported $177B and imported $153B, resulting in a positive trade balance of $24.3B.Between April 2019 and April 2020 the exports of China have increased by $6.84B (4.02%) from $170B to $177B, while imports decreased by $-15.7B (-9.33%) from $168B to $153B.