China – Trade
China is the largest export economy in the world and the
19th most complex economy according to the Economic Complexity Index (ECI). In
2015, China exported $2.37T and imported $1.27T, resulting in a positive trade
balance of $1.1T. In 2015 the GDP of China was $11T and its GDP per capita was
The top exports of China
are Computers ($188B), Broadcasting
Equipment ($165B), Telephones ($112B), Integrated
Circuits ($65.7B) and Office Machine Parts ($45.4B), using the
1992 revision of the HS (Harmonized System) classification. Its top imports
are Crude Petroleum($119B), Integrated
Circuits ($95.2B), Gold ($65.8B), Iron Ore ($42.9B)
and Cars ($38.5B).
The top export destinations of China are the United
States ($457B), Hong Kong ($273B), Japan ($152B), Germany ($97.4B)
and South Korea($90.1B). The top import origins are South
Korea ($131B), the United
States ($128B), Japan ($116B), Germany ($78.6B)
and Other Asia($73.4B).
In 2015 China exported $2.37T, making it the largest
exporter in the world. During the last five years the exports of China have
increased at an annualized rate of 5.7%, from $1.75T in 2010 to $2.37T in 2015.
The most recent exports are led by Computers which represent 7.93% of
the total exports of China, followed by Broadcasting Equipment, which
account for 6.96%.
In 2015 China imported $1.27T, making it the 2nd largest
importer in the world. During the last five years the imports of China have
increased at an annualized rate of 2.3%, from $1.1T in 2010 to $1.27T in 2015.
The most recent imports are led by Crude Petroleum which represent
9.4% of the total imports of China, followed by Integrated Circuits, which
account for 7.48%.
As of 2015 China had a positive trade balance of $1.1T in
net exports. China exports 533 products with revealed comparative advantage.