China

Overview In December 2024 China exported $336B and imported $231B, resulting in a positive trade balance of $105B. Between December 2023 and December 2024 the exports of China have increased by $39.9B (13.5%) from $296B to $336B, while imports increased by $2.51B (1.1%) from $228B to $231B.

Trade In December 2024, the top exports of China were Telephones ($19.2B), Integrated Circuits ($14.8B), Computers ($14.3B), Commodities not elsewhere specified ($11.1B), and Cars ($7.46B). In December 2024 the top imports of China were Integrated Circuits ($36.6B), Crude Petroleum ($25.4B), Iron Ore ($11B), Gold ($8.86B), and Petroleum Gas ($7.95B).

Origins In December 2024 the exports of China were mainly from Guangdong Province ($70.6B), Jiangsu Province ($50.4B), Zhejiang Province ($46.3B), Shandong Province ($29.5B), and Shanghai Province ($24.5B), while imports destinations were mainly Guangdong Province ($45B), Beijing ($35.9B), Shanghai Province ($30.2B), Jiangsu Province ($22.9B), and Zhejiang Province ($17.1B).

Destinations In December 2024, China exported mostly to United States ($48.8B), Hong Kong ($27B), Vietnam ($15.7B), South Korea ($13.6B), and Japan ($12.5B), and imported mostly from Chinese Taipei ($20B), South Korea ($17.3B), Japan ($15.9B), United States ($15.3B), and Australia ($11.9B).

Growth In December 2024, the increase in China's year-by-year exports was explained primarily by an increase in exports to United States ($12.8B or 35.6%), Indonesia ($3B or 51%), and Vietnam ($1.91B or 13.9%), and product exports increase in Commodities not elsewhere specified ($2.98B or 36.7%), Special Purpose Ships ($1.96B or 3.16k%), and Computers ($1.22B or 9.3%). In December 2024, the increase in China's year-by-year imports was explained primarily by an increase in imports from South Korea ($2.85B or 19.7%), Canada ($2.85B or 87.4%), and Chinese Taipei ($2.52B or 14.4%), and product imports increase in Integrated Circuits ($3.2B or 9.56%), Gold ($2.72B or 44.2%), and Computers ($2.49B or 71.7%).