Overview In March 2023 China exported $316B and imported $227B, resulting in a positive trade balance of $88.2B. Between March 2022 and March 2023 the exports of China have increased by $40.7B (14.8%) from $275B to $316B, while imports decreased by $-3.18B (-1.38%) from $231B to $227B.
Trade In March 2023, the top exports of China were Telephones ($16.2B), Integrated Circuits ($13.2B), Computers ($13.1B), Semiconductor Devices ($7.06B), and Electric Batteries ($6.2B). In March 2023 the top imports of China were Integrated Circuits ($30.7B), Crude Petroleum ($30.4B), Iron Ore ($11.8B), Gold ($10.7B), and Petroleum Gas ($6.44B).
Origins In March 2023 the exports of China were mainly from Guangdong Province ($74.8B), Zhejiang Province ($48.8B), Jiangsu Province ($42.7B), Shandong Province ($26.6B), and Shanghai Province ($20.8B), while imports destinations were mainly Beijing ($39.9B), Guangdong Province ($35.5B), Shanghai Province ($32.6B), Jiangsu Province ($22.4B), and Shandong Province ($17.3B).
Destinations In March 2023, China exported mostly to United States ($43.7B), Hong Kong ($26.2B), Vietnam ($14.9B), South Korea ($14.8B), and Japan ($14.1B), and imported mostly from Taiwan ($16.9B), United States ($16.1B), Japan ($15.2B), South Korea ($13.9B), and Australia ($13.7B).
Growth In March 2023, the increase in China's year-by-year exports was explained primarily by an increase in exports to Russia ($5.23B or 137%), Hong Kong ($4.95B or 23.3%), and Vietnam ($4.16B or 38.9%), and product exports increase in Cars ($3.12B or 140%), Electric Batteries ($2.48B or 66.4%), and Commodities not elsewhere specified ($1.98B or 67.7%). In March 2023, the decrease in China's year-by-year imports was explained primarily by an decrease in imports from South Korea ($-5.11B or -26.9%), Taiwan ($-4.95B or -22.6%), and Japan ($-2.33B or -13.3%), and product imports decrease in Integrated Circuits ($-7.66B or -19.9%), Sound Recordings ($-1.21B or -33.9%), and Refined Copper ($-1.02B or -29%).