Overview: In July 2020 China exported $211B and imported $173B, resulting in a positive trade balance of $37.8B. Between July 2019 and July 2020 the exports of China have increased by $38.4B (22.3%) from $172B to $211B, while imports increased by $17.4B (11.2%) from $156B to $173B.
Trade: In July 2020 the top exports of China were Telephones ($12.9B), Computers ($12.2B), Other Cloth Articles ($8.55B), Integrated Circuits ($5.37B), and Light Fixtures ($3.21B). In July 2020 the top imports of China were Integrated Circuits ($28.9B), Crude Petroleum ($12B), Iron Ore ($9.16B), Soybeans ($4.21B), and Cars ($3.73B).
Origins: In July 2020 the exports of China were mainly from Guangdong Province ($38B), Zhejiang Province ($35.5B), Jiangsu Province ($30.4B), Shanghai Province ($14.1B), and Shandong Province ($13.1B), while imports destinations were mainly Guangdong Province ($32.5B), Shanghai Province ($24.3B), Jiangsu Province ($20.6B), Beijing ($19.9B), and Shandong Province ($10.5B).
Destinations: In July 2020 China exported mostly to United States ($39.8B), Japan ($10.9B), South Korea ($9.2B), Vietnam ($9.01B), and Germany ($7.46B), and imported mostly from Taiwan ($16.2B), Japan ($15.3B), South Korea ($14.3B), China ($10.7B), and United States ($10.4B).
Growth: In July 2020, the increase in China's year-by-year exports was explained primarily by an increase in exports to United States ($10.7B or 36.6%), United Kingdom ($2.43B or 59.8%), and Germany ($2.11B or 39.5%), and product exports increase in Other Cloth Articles ($8.09B or 1.76k%), Telephones ($3.12B or 31.9%), and Computers ($2.45B or 25.1%). In July 2020, the increase in China's year-by-year imports was explained primarily by an increase in imports from Brazil ($3.64B or 78.9%), Taiwan ($2.77B or 20.6%), and United States ($2.63B or 33.8%), and product imports increase in Integrated Circuits ($4.72B or 19.5%), Iron Ore ($2.44B or 36.4%), and Soybeans ($2.15B or 105%).