Overview: In December 2020 China exported $282B and imported $203B, resulting in a positive trade balance of $78.5B. Between December 2019 and December 2020 the exports of China have increased by $78.1B (38.3%) from $204B to $282B, while imports increased by $17.2B (9.21%) from $186B to $203B.
Trade: In December 2020, the top exports of China were Telephones ($25B), Computers ($18.3B), Integrated Circuits ($13.6B), Light Fixtures ($4.85B), and Commodities not elsewhere specified ($4.43B). In December 2020 the top imports of China were Integrated Circuits ($34.9B), Crude Petroleum ($12.5B), Iron Ore ($11.7B), Cars ($6.02B), and Telephones ($5.82B).
Origins: In December 2020 the exports of China were mainly from Guangdong Province ($69.4B), Jiangsu Province ($41.7B), Zhejiang Province ($37.2B), Shandong Province ($22.9B), and Shanghai Province ($19.2B), while imports destinations were mainly Guangdong Province ($40.7B), Shanghai Province ($31.2B), Beijing ($25.2B), Jiangsu Province ($24B), and Shandong Province ($12.6B).
Destinations: In December 2020, China exported mostly to United States ($46.5B), Hong Kong ($34.3B), Japan ($13.4B), Vietnam ($13B), and South Korea ($11.7B), and imported mostly from Taiwan ($20.3B), Japan ($18.1B), United States ($16.6B), South Korea ($15.9B), and China ($12.7B).
Growth: In December 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 December 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%).