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.
Trade: In October 2020, the top exports of China were Telephones ($16.6B), Computers ($13.1B), Integrated Circuits ($4.24B), Models and Stuffed Animals ($3.77B), and Light Fixtures ($3.17B). In October 2020 the top imports of China were Integrated Circuits ($31B), Crude Petroleum ($13B), Iron Ore ($12.6B), Telephones ($5.01B), and Cars ($4.79B).
Origins: In October 2020 the exports of China were mainly from Guangdong Province ($40.4B), Jiangsu Province ($30.9B), Zhejiang Province ($21.9B), Shandong Province ($18.1B), and Shanghai Province ($13.8B), while imports destinations were mainly Guangdong Province ($32B), Shanghai Province ($27.5B), Beijing ($21.2B), Jiangsu Province ($20.2B), and Shandong Province ($11.3B).
Destinations: In October 2020, China exported mostly to United States ($36.5B), Japan ($12.2B), Vietnam ($9.17B), South Korea ($8.61B), and Germany ($7.15B), and imported mostly from Taiwan ($18.7B), South Korea ($14.8B), Japan ($14.7B), United States ($11.7B), and China ($10.6B).
Growth: In October 2020, the increase in China's year-by-year exports was explained primarily by an increase in exports to United States ($12B or 34.7%), Japan ($3.47B or 34.8%), and Vietnam ($3.14B or 31.8%), and product exports increase in Telephones ($9.45B or 60.7%), Integrated Circuits ($8.35B or 160%), and Computers ($7.87B or 75.2%). In October 2020, the increase in China's year-by-year imports was explained primarily by an increase in imports from United States ($5.42B or 48.5%), Taiwan ($4.57B or 29%), and Germany ($2.7B or 29.4%), and product imports increase in Integrated Circuits ($7.71B or 28.4%), Iron Ore ($2.88B or 32.5%), and Cars ($2.21B or 58%).