Overview: In 2019 China was the number 2 economy in the world in terms of GDP (current US$), the number 1 in total exports, the number 2 in total imports,
the number 71 economy in terms of GDP per capita (current US$) and the number 29 most complex economy according to the Economic Complexity Index (ECI)
Overview: In October 2020 China exported $192B and imported $172B, resulting in a positive trade balance of $20.2B. Between October 2019 and October 2020 the exports of China have increased by $18.3B (10.5%) from $174B to $192B, while imports increased by $12B (7.47%) from $160B to $172B.
Growth: In October 2020, the increase in China's year-by-year exports was explained primarily by an increase in exports to United States ($3.64B or 11.1%), Japan ($2.32B or 23.4%), and India ($1.99B or 43.1%), and product exports increase in Computers ($1.65B or 14.4%), Other Cloth Articles ($1.37B or 252%), and Video and Card Games ($953M or 107%). In October 2020, the increase in China's year-by-year imports was explained primarily by an increase in imports from Japan ($3.86B or 35.7%), Taiwan ($3.43B or 22.4%), and United States ($3.02B or 34.8%), and product imports increase in Integrated Circuits ($4.6B or 17.4%), Iron Ore ($4.27B or 51.2%), and Cars ($2.39B or 99.6%).
MAIN DESTINATION (October 2020): United States, $36.5B
This section shows exports and imports data at subnational level 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. To explore different subnational trade comparisons in time, visit China's subnational profiles.
In 2019, China exported a total of $2.57T, making it the number 1 exporter in the world. During the last five reported years the exports of China have changed by $194B from $2.38T in 2014 to $2.57T in 2019.
In 2019 China imported $1.58T, making it the number 2 trade destination in the world. During the last five reported years the imports of China changed by $101B from $1.47T in 2014 to $1.58T in 2019.
In 2018, China exported $209B worth of services. 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).
*The tariffs applied to imports for China are:84: Association of Southeast Asian Nations (ASEAN ) Free Trade Area112: China Preferential tariff for Least Developed Countries125: General duty rate136: Most Favoured Nation duty rate treatement158: Preferential tariff for 3 selected LDCs Countries: Myanmar, Benin and Timor Leste165: Preferential tariff for Australia168: Preferential tariff for Bangladesh176: Preferential tariff for Cambodia182: Preferential tariff for Chile188: Preferential tariff for Chinese Taipei192: Preferential tariff for Costa Rica226: Preferential tariff for Georgia235: Preferential tariff for Hong Kong238: Preferential tariff for Iceland249: Preferential tariff for Korea, Republic of252: Preferential tariff for Lao PDR261: Preferential tariff for Macau275: Preferential tariff for Myanmar277: Preferential tariff for New Zealand284: Preferential tariff for Pakistan289: Preferential tariff for Peru299: Preferential tariff for Singapore307: Preferential tariff for Switzerland and Liechtenstein343: Preferential trade agreement (APTA) Asia-Pacific Trade Agreement or (Previously named:Bangkok Agreement)372: Special Preferential tariff (SP) for 2 Asia Pacific Countries
These economic complexity rankings use 6 digit exports classified according to the HS96 classification. We consider only countries with population of at least 1 million and exports of at least $1 billion, and products with world trade over $500 million. To explore different rankings and vary these parameters visit the custom rankings section.
This section shows exports, imports and economic complexity data at subnational level for China. Click any of the Subnational Level in the geomap to visit the specific subnational profile.
The top export opportunities for China according to the relatedness index, are Jute Woven Fabric (0.6), Watch Movements (0.56), Metal-Clad Products (0.55), Copra (0.55), and Copper Foil (0.54). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that China is not specialized in.
The product space is a network connecting products that are likely to be co-exported. 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. 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.
Relatedness is a predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth, less income inequality, and lower emissions.