Overview: In July 2020 China exported $211B and imported $173B, resulting in a positive trade balance of $37.8B. Between July 2019 and July 2020 the exports of China have increased by $38.4B (22.3%) from $172B to $211B, while imports increased by $17.4B (11.2%) from $156B to $173B.
Trade: In July 2020 the top exports of China were Telephones ($14.8B), Computers ($13.4B), Other Cloth Articles ($6.92B), Integrated Circuits ($5.89B), and Light Fixtures ($3.84B). In July 2020 the top imports of China were Integrated Circuits ($29.4B), Crude Petroleum ($14.1B), Iron Ore ($10.9B), Soybeans ($3.79B), and Refined Copper ($3.29B).
Origins: In July 2020 the exports of China were mainly from Guangdong Province ($48.7B), Zhejiang Province ($35.3B), Jiangsu Province ($32.2B), Shanghai Province ($15B), and Shandong Province ($14.7B), while imports destinations were mainly Guangdong Province ($32.3B), Shanghai Province ($25.4B), Beijing ($22.3B), Jiangsu Province ($21.9B), and Shandong Province ($11.7B).
Destinations: In July 2020 China exported mostly to United States ($43.7B), Japan ($11.8B), Vietnam ($9.85B), South Korea ($9.68B), and Germany ($8.19B), and imported mostly from Taiwan ($17.3B), Japan ($15.3B), South Korea ($15.2B), United States ($11.3B), and China ($11.2B).
Growth: In July 2020, the increase in China's year-by-year exports was explained primarily by an increase in exports to United States ($6.33B or 16.9%), United Kingdom ($3.89B or 99.3%), and Vietnam ($3.02B or 44.2%), and product exports increase in Other Cloth Articles ($6.34B or 1.11k%), Telephones ($5.29B or 55.8%), and Computers ($4.38B or 48.7%). In July 2020, the increase in China's year-by-year imports was explained primarily by an increase in imports from Taiwan ($2.51B or 16.9%), Brazil ($1.81B or 28.5%), and Japan ($1.75B or 12.9%), and product imports increase in Crude Petroleum ($3.36B or 31.2%), Integrated Circuits ($3B or 11.4%), and Iron Ore ($2.19B or 25.1%).