In April 2023, the decrease in China's year-by-year imports was explained primarily by an decrease in imports from Taiwan ($-5.39B or -26%), South Korea ($-4.3B or -26%), and Brazil ($-2.83B or -26.6%), and product imports decrease in Crude Petroleum ($-10.3B or -29.7%), Integrated Circuits ($-7.66B or -22%), and Cars ($-2.55B or -41.7%). Growth In April 2023, the increase in China's year-by-year exports was explained primarily by an increase in exports to Russia ($5.84B or 154%), Singapore ($1.66B or 36.3%), and Japan ($1.47B or 11.9%), and product exports increase in Cars ($4.59B or 268%), Commodities not elsewhere specified ($1.97B or 59.9%), and Electric Batteries ($1.9B or 48.9%). Origins In April 2023 the exports of China were mainly from Guangdong Province ($67.9B), Zhejiang Province ($46.5B), Jiangsu Province ($41B), Shandong Province ($23.6B), and Shanghai Province ($22.1B), while imports destinations were mainly Beijing ($36B), Guangdong Province ($31.9B), Shanghai Province ($28.4B), Jiangsu Province ($20.5B), and Shandong Province ($15.4B).ĭestinations In April 2023, China exported mostly to United States ($43B), Hong Kong ($22.3B), Japan ($13.9B), South Korea ($13.6B), and Vietnam ($12B), and imported mostly from Taiwan ($15.3B), Australia ($13.4B), United States ($13.3B), Japan ($13.2B), and South Korea ($12.2B). In April 2023 the top imports of China were Integrated Circuits ($27.1B), Crude Petroleum ($24.5B), Iron Ore ($10.9B), Gold ($7.92B), and Petroleum Gas ($6.52B). Trade In April 2023, the top exports of China were Telephones ($15.6B), Computers ($11.8B), Integrated Circuits ($11B), Cars ($6.3B), and Semiconductor Devices ($6.02B). Between April 2022 and April 2023 the exports of China have increased by $23.1B (8.47%) from $272B to $295B, while imports decreased by $-17.7B (-7.92%) from $223B to $205B. Overview In April 2023 China exported $295B and imported $205B, resulting in a positive trade balance of $90.2B. Location China borders North Korea, Russia, Mongolia, Kazakhstan, Tajikistan, Kyrgyzstan, Afghanistan, Pakistan, India, Nepal, Bhutan, Laos, Vietnam, Hong Kong, and Macau by land and Indonesia, Brunei, Japan, South Korea, Malaysia, and Philippines by sea. In 2021, China was the world's biggest importer of Crude Petroleum ($208B), Iron Ore ($146B), Petroleum Gas ($56.6B), Copper Ore ($52.4B), and Soybeans ($44.2B) Imports The top imports of China are Crude Petroleum ($208B), Integrated Circuits ($171B), Iron Ore ($146B), Petroleum Gas ($56.6B), and Copper Ore ($52.4B), importing mostly from South Korea ($158B), Japan ($153B), United States ($151B), Australia ($138B), and Chinese Taipei ($126B). In 2021, China was the world's biggest exporter of Broadcasting Equipment ($231B), Computers ($192B), Office Machine Parts ($101B), Telephones ($53.9B), and Semiconductor Devices ($49.2B) Įxports The top exports of China are Broadcasting Equipment ($231B), Computers ($192B), Integrated Circuits ($158B), Office Machine Parts ($101B), and Telephones ($53.9B), exporting mostly to United States ($530B), Hong Kong ($323B), Japan ($168B), South Korea ($140B), and Germany ($134B). The EU and the United States are the top suppliers, with market share of 63 percent and 16 percent in trade value, respectively. The number 58 economy in terms of GDP per capita (current US$) and the number 25 most complex economy according to the Economic Complexity Index (ECI). China is the world’s largest pork market with imports of 6.4 billion in 2019. Overview In 2021, China was the number 2 economy in the world in terms of GDP (current US$), the number 1 in total exports, the number 2 in total imports,
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