Overview In December 2022 China exported $306B and imported $228B, resulting in a positive trade balance of $78B. Between December 2021 and December 2022 the exports of China have decreased by $-33.6B (-9.89%) from $340B to $306B, while imports decreased by $-18.4B (-7.46%) from $246B to $228B.
Trade In December 2022, the top exports of China were Telephones ($21.4B), Computers ($14.2B), Integrated Circuits ($13.7B), Refined Petroleum ($6.64B), and Electric Batteries ($6.42B). In December 2022 the top imports of China were Integrated Circuits ($34.6B), Crude Petroleum ($30.7B), Petroleum Gas ($9.27B), Gold ($9.12B), and Iron Ore ($8.37B).
Origins In December 2022 the exports of China were mainly from Guangdong Province ($66.2B), Jiangsu Province ($41.9B), Zhejiang Province ($38.1B), Shandong Province ($31.5B), and Shanghai Province ($21B), while imports destinations were mainly Guangdong Province ($39.4B), Beijing ($39B), Shanghai Province ($30.4B), Jiangsu Province ($21.9B), and Shandong Province ($16.7B).
Destinations In December 2022, China exported mostly to United States ($45.4B), Hong Kong ($29.6B), Japan ($14.1B), South Korea ($13.5B), and Vietnam ($13.2B), and imported mostly from Taiwan ($19.2B), United States ($15.9B), Japan ($14.7B), South Korea ($14.4B), and China ($11.4B).
Growth In December 2022, the decrease in China's year-by-year exports was explained primarily by an decrease in exports to Burma ($-251M or -14.7%), Luxembourg ($-93.7M or -66.8%), and Algeria ($-91.7M or -15.1%), and product exports decrease in LCDs ($-2.13B or -93.3%), Commodities not elsewhere specified ($-782M or -20.2%), and Other Cloth Articles ($-448M or -25.3%). In December 2022, the decrease in China's year-by-year imports was explained primarily by an decrease in imports from Vietnam ($-1.08B or -13.8%), India ($-479M or -21.6%), and Germany ($-432M or -4.25%), and product imports decrease in Iron Ore ($-2.4B or -19.1%), Telephones ($-2.37B or -48.8%), and LCDs ($-2.14B or -89.4%).