Overview In June 2023 China exported $285B and imported $215B, resulting in a positive trade balance of $70.6B. Between June 2022 and June 2023 the exports of China have decreased by $-45.9B (-13.9%) from $331B to $285B, while imports decreased by $-18.6B (-7.98%) from $233B to $215B.
Trade In June 2023, the top exports of China were Telephones ($14.5B), Computers ($13.2B), Integrated Circuits ($11.3B), Cars ($5.68B), and Semiconductor Devices ($5.63B). In June 2023 the top imports of China were Integrated Circuits ($31.1B), Crude Petroleum ($28.2B), Iron Ore ($10.2B), Petroleum Gas ($6.77B), and Gold ($6.12B).
Origins In June 2023 the exports of China were mainly from Guangdong Province ($63.1B), Zhejiang Province ($45B), Jiangsu Province ($39.4B), Shandong Province ($27.9B), and Shanghai Province ($20.6B), while imports destinations were mainly Guangdong Province ($35B), Beijing ($33.7B), Shanghai Province ($29.6B), Jiangsu Province ($23.8B), and Shandong Province ($17.3B).
Destinations In June 2023, China exported mostly to United States ($42.7B), Hong Kong ($22.1B), South Korea ($12.6B), Japan ($12.5B), and Vietnam ($11B), and imported mostly from Taiwan ($17.1B), United States ($14B), South Korea ($14B), Japan ($13.6B), and Australia ($13.2B).
Growth In June 2023, the decrease in China's year-by-year exports was explained primarily by an decrease in exports to United States ($-13.3B or -23.7%), Hong Kong ($-5.73B or -20.6%), and South Korea ($-3.11B or -19.8%), and product exports decrease in Computers ($-4.44B or -25.2%), Telephones ($-3.69B or -20.2%), and Integrated Circuits ($-2.72B or -19.4%). In June 2023, the decrease in China's year-by-year imports was explained primarily by an decrease in imports from Taiwan ($-3.15B or -15.6%), South Korea ($-2.54B or -15.4%), and Japan ($-2.28B or -14.3%), and product imports decrease in Integrated Circuits ($-4.89B or -13.6%), Iron Ore ($-1.82B or -15.1%), and Carbonates ($-1.5B or -81.4%).