Trade Trend

In 2023, China's total export value is 3380.02Billion USD, total import value is 2556.80Billion USD, Surplus is 823.22Billion USD, and foreign trade dependency is 0.334. In 2023，China's top export products are Telephone sets, including smartphones and other telephones for cellular/wireless networks; other apparatus for the transmission or reception of voice, images or other data (including wired/wireless networks), excluding items of 8443, 8525, 8527, or 8528(219.00Billion USD), Automatic data processing machines and units thereof, magnetic or optical readers, machines for transcribing data onto data media in coded form and machines for processing such data, not elsewhere specified or included(149.29Billion USD), Electronic integrated circuits(136.37Billion USD), top export destinations are United States(500.29Billion USD), Hong Kong CN(274.55Billion USD), Japan(157.52Billion USD). In 2023, China's top import products are Electronic integrated circuits(350.17Billion USD), Petroleum oils and oils obtained from bituminous minerals; crude(337.49Billion USD), Iron ores and concentrates; including roasted iron pyrites(133.97Billion USD), top import origins are Taiwan CN(199.35Billion USD), United States(164.16Billion USD), South Korea(161.75Billion USD).

Comparing to 2022, China's total export value decreased -164.41Billion USD(-4.64%) in 2023, this could result from its export decreases of products such as Automatic data processing machines and units thereof, magnetic or optical readers, machines for transcribing data onto data media in coded form and machines for processing such data, not elsewhere specified or included(-38.34Billion USD or -20.43%), Telephone sets, including smartphones and other telephones for cellular/wireless networks; other apparatus for the transmission or reception of voice, images or other data (including wired/wireless networks), excluding items of 8443, 8525, 8527, or 8528(-18.49Billion USD or -7.79%), Electronic integrated circuits(-15.52Billion USD or -10.22%) and export decreases to countries/economics such as United States(-75.18Billion USD or -13.06%), Hong Kong CN(-18.52Billion USD or -6.32%), Netherlands(-17.06Billion USD or -14.55%). Comparing to 2022, China's total import value decreased -149.71Billion USD(-5.53%) in 2023, this could result from its import decreases of products such as Electronic integrated circuits(-60.06Billion USD or -16.51%), Petroleum oils and oils obtained from bituminous minerals; crude(-28.26Billion USD or -7.73%), Motor cars and other motor vehicles; principally designed for the transport of persons (other than those of heading no. 8702), including station wagons and racing cars(-6.29Billion USD or -12.05%), and its import decreases from countries/economies such as South Korea(-37.13Billion USD or -18.67%), Taiwan CN(-36.40Billion USD or -15.44%), Japan(-23.75Billion USD or -12.89%).

Cumulated to first 7 months of 2024, China's total export value is 1402.48Billion USD, total import value is 1063.89Billion USD, and tradesurplus is 338.60Billion USD. Cumulated to first 7 months of 2024, China's top export products are Telephone sets, including smartphones and other telephones for cellular/wireless networks; other apparatus for the transmission or reception of voice, images or other data (including wired/wireless networks), excluding items of 8443, 8525, 8527, or 8528(76.63Billion USD), Electronic integrated circuits(62.97Billion USD), Automatic data processing machines and units thereof, magnetic or optical readers, machines for transcribing data onto data media in coded form and machines for processing such data, not elsewhere specified or included(61.17Billion USD), and top export destinations are United States(195.97Billion USD), Hong Kong CN(113.14Billion USD), Vietnam(65.04Billion USD). Cumulated to first 7 months of 2024, China's top import products are Telephone sets, including smartphones and other telephones for cellular/wireless networks; other apparatus for the transmission or reception of voice, images or other data (including wired/wireless networks), excluding items of 8443, 8525, 8527, or 8528(76.63Billion USD), Electronic integrated circuits(62.97Billion USD), Automatic data processing machines and units thereof, magnetic or optical readers, machines for transcribing data onto data media in coded form and machines for processing such data, not elsewhere specified or included(61.17Billion USD), and top import origins areTaiwan CN(79.95Billion USD), South Korea(70.89Billion USD), United States(67.70Billion USD).