Overview: This page contains the latest international trade data for China, including service trade data, and tariffs. In 2018 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, and the number 30 most complex economy according to the Economic Complexity Index (ECI). In 2018, China exported $2.59T and imported $1.61T, resulting in a positive trade balance of $977B. In 2018, China's exports per capita were $1.86k and its imports per capita were $1.16k.
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.
Growth: In July 2020, the increase in China's year-by-year exports was explained primarily by an increase in exports to United States ($6.33B or 16.9%), United Kingdom ($3.89B or 99.3%), and Vietnam ($3.02B or 44.2%), and product exports increase in Other Cloth Articles ($6.34B or 1.11k%), Telephones ($5.29B or 55.8%), and Computers ($4.38B or 48.7%). In July 2020, the increase in China's year-by-year imports was explained primarily by an increase in imports from Taiwan ($2.51B or 16.9%), Brazil ($1.81B or 28.5%), and Japan ($1.75B or 12.9%), and product imports increase in Crude Petroleum ($3.36B or 31.2%), Integrated Circuits ($3B or 11.4%), and Iron Ore ($2.19B or 25.1%).
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 2018 China exported a total of $2.59T, making it the number 1 exporter in the world. During the last five reported years the exports of China have changed by $313B from $2.27T in 2013 to $2.59T in 2018.
In 2018 China imported $1.61T, making it the number 2 trade destination in the world. 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. 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. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.
*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
During the last 20 years China's economy has become relatively more complex, moving from the 59th to the 30th position in the ECI rank.
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 (0.57), Jute Yarn (0.56), Platinum Clad Metals (0.51), Coconut and Other Vegetable Fibers (0.51), and Rubber (0.51). 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.
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