Notify me of follow-up comments by email. The majority of China’s surplus comes from trade with the US and Hong Kong. How Dominant is China in the Global Arms Trade. The value of China’s exports in goods annually surpasses the amount it imports from the rest of the world.1 In 2018, China exported $2.49 trillion in goods while it imported $2.13 trillion. Use the tool below to explore China’s trade surplus with key partners besides the US and Hong Kong.
How Competitive is China’s Economy on the Global Stage?
Flow Exports Imports. China imported $42.9 billion in services from the EU in 2016. Other sectors set to benefit from the resumption of China’s manufacturing are the region’s semiconductor and electronics industries, spurred by the development of 5G technology and the textiles and garment industry. Market Growth # permalink to section. All rights reserved. Electronics have been a major contributor to the Q1 numbers, with China importing US$14.9 billion worth of integrated circuits from ASEAN countries, up by 25 percent in the previous year. Monthly Trade # permalink to section. Updated August 25, 2020. This includes chip capacitors, microprocessor chips, and analog-to-digital converters; China exported some US$6 billion worth of integrated circuits to ASEAN.
These businesses have established integrated circuit factories in Malaysia, Vietnam, and Thailand, which in turn have been able to cater to the demand of the Chinese market. By 2018, its total trade in goods had jumped to $4.6 trillion or 12.4 percent of global trade. In 1995, the value of China’s imports and exports of goods totaled $280.9 billion or 3 percent of global trade. China’s imports from Vietnam and Indonesia rose by 24 and 13 percent year-on-year, respectively, highlighting the increasingly integrated supply chains between the two regions. To view the full dataset, please view on a desktop computer. "Is China the World’s Top Trader?" Your email address will not be published. undo CMS.Section.Reset visualizations. All of them are important partners of China in trading and they all contributed to the development of Chinese economy, but the largest partners of China are always changing because of the alteration of policy or other reasons. China’s Top Trading Partners United States: US$418.6 billion (16.8% of … China imported $57.6 billion in services from the US in 2017 while it exported only $17.4 billion to the US. The most common import partners for China are South Korea ($160B), Japan ($139B), United States ($119B), Germany ($109B), and Chinese Taipei ($97.4B). ChinaPower provides an in-depth understanding of the evolving nature of Chinese power relative to other countries. The United States . Stay Ahead of the curve in Emerging Asia. When excluding trade with the US and Hong Kong, China exported $1.71 trillion and imported $1.97 trillion in goods in 2018. friction between the world’s largest economies, Regional Comprehensive Economic Partnership, Vietnam’s Economy to Grow Fastest in Southeast Asia Despite COVID-19: ADB, China Plus One Series: Understanding Malaysia’s Appeal to Foreign Investors, An Introduction to Doing Business in Indonesia 2020, Relocating Your Business from China to ASEAN, ASEAN Overtakes EU to Become China’s Top Trading Partner in Q1 2020.
Accessed September 25, 2020. https://chinapower.csis.org/trade-partner/. China Power Team. In 2017, China’s trade in services with the US totaled $75 billion, which makes up between 10-12 percent of total trade between the two economic powerhouses. Sign up for the monthly ChinaPower Newsletter, which highlights our new and updated content, featured events, and publications.
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