List of the largest trading partners of China

This is a list of the largest trading partners of the People's Republic of China.

Background

edit

China has become the world's second largest economy by GDP (Nominal) and largest by GDP (PPP).

'China developed a network of economic relations with both industrial economies and those constituting the semi-periphery and periphery of the world system.'[1] Due to the rapid growth of China's economy, the nation has developed many trading partners throughout the world. All trading partners are considered important to the development of the Chinese economy, however the title of China's largest partners are ever-changing due to national and international policy changes.

The expansion of the Chinese economy grew 6.8% the last quarter of 2017, equaling the growth of the prior 3 months exceeding expectations of 6.7%. The overall economy expanded 6.9% last year, just beating the 6.7% of 2016 which ended a drought of a declining trend that started in 2011.[2]

List of largest trading partners of China

edit

The major trading partners for mainland China 2023 were as follows:

2023 Imports and Exports of goods by top 23 trading partners (billions of USD)[3]
RankCountry / TerritoryTotal tradeChina exportsChina importsTrade
balance
-  ASEAN911.7523.7388.0135.6
-  European Union783.0501.2281.7219.5
1  United States664.5500.3164.2336.1
2  Japan318.0157.5160.5-2.9
3  South Korea310.7149.0161.7-12.8
4  Hong Kong288.2274.513.7260.9
5  Taiwan267.868.5199.3-130.9
6  Russia240.1111.0129.1-18.2
7  Vietnam229.8137.692.245.4
8  Australia229.173.8155.4-81.6
9  Germany206.8100.6106.2-5.6
10  Malaysia190.287.4102.9-15.5
11  Brazil181.559.1122.4-63.3
12  Indonesia139.465.274.2-9.0
13  India136.2117.718.599.1
14  Thailand126.375.750.525.2
15  Netherlands117.1100.216.983.2
16  Singapore108.477.031.445.5
17  United Kingdom98.077.920.157.9
18  Canada89.045.143.91.2
19  France78.941.637.34.3
20  Philippines71.952.419.532.9
21  Italy71.844.527.217.3
Total5,936.83,380.02,556.8823.2

China is the largest trading partner of many countries. The following tables are based on 2022 data as shown on the CIA World Factbook.

Exports[4]
NationPercentage
 North Korea53%
 Mongolia78%
 Turkmenistan71%
 Solomon Islands51%
 Eritrea52%
 Angola40%
 Oman40%
 Myanmar36%
 Congo39%
 Mauritania24%
 DR Congo55%
 Australia29%
 New Caledonia62%
 Iran36%
 Chile39%
 South Korea21%
 Guinea37%
 Peru30%
 Iraq28%
 New Zealand28%
 Brazil26%
 Saudi Arabia19%
 Singapore13%
 Indonesia21%
 South Africa16%
 Belarus15%
 Cuba40%
 Gabon43%
 Georgia11%
 Hong Kong21%
 Japan19%
 Kazakhstan14%
 Kuwait24%
 Panama17%
 Philippines14%
 Qatar18%
 Russia21%
 Sierra Leone54%
 South Sudan44%
 Taiwan22%
 East Timor25%
 Uruguay24%
 Venezuela16%
 Yemen32%
Imports[5]
NationPercentage
 North Korea98%
 Kyrgyzstan64%
 Mauritania18%
 Angola24%
 Argentina21%
 Cambodia30%
 Myanmar45%
 Mongolia36%
 Pakistan28%
 Ethiopia24%
 Gabon22%
 Gambia31%
 Germany10%
 Paraguay28%
 Japan22%
 Solomon Islands37%
 Vietnam38%
 Bangladesh32%
 Belarus26%
 Benin24%
 Brazil24%
 Ivory Coast18%
 Djibouti38%
 Chile26%
 Kenya26%
 Australia28%
 Indonesia31%
 Peru27%
 Uzbekistan24%
 Russia39%
 Thailand26%
 South Korea23%
 Madagascar24%
 Rwanda19%
 United States18%
 Tanzania30%
 Nigeria32%
 DR Congo33%
 Congo26%
 New Zealand21%
 Malaysia28%
 Eritrea34%
 South Africa21%
 Uganda23%
 Algeria18%
 Cameroon39%
 Chad25%
 Mauritius16%
 Ghana41%
 Philippines32%
 India15%
 Saudi Arabia22%
 Singapore17%
 Jordan17%
 Burundi15%
 Egypt17%
 Turkey13%
 Sierra Leone33%
 Lebanon14%
 Bahrain15%
 United Arab Emirates18%
 Greece12%
 Guinea37%
 Hong Kong44%
 Iran28%
 Israel14%
 Liberia42%
 Macau39%
 Marshall Islands33%
 Niger22%
 Palau35%
 Panama20%
 Papua New Guinea26%
 Rwanda19%
 Samoa25%
 Senegal22%
 Sudan22%
 Taiwan19%
 Tajikistan33%
 Tuvalu34%
 United Kingdom12%
 Venezuela31%
 Yemen26%

See also

edit

References

edit
  1. ^ Raúl, Bernal-Meza (2016). "China and Latin America Relations: The Win-Win Rhetoric". Journal of China and International Relations. ProQuest 1912544147.
  2. ^ Bradsher, Keith (2018). "China's Economic Growth Looks Strong. Maybe Too Strong". The New York Times. ISSN 0362-4331. Retrieved 28 March 2018.
  3. ^ "National Data". National Bureau of Statistics of China. 12 January 2024. Retrieved 31 May 2024.
  4. ^ "Exports - partners". World Fact Book, Central Intelligence Agency.
  5. ^ "Imports - partners". World Fact Book, Central Intelligence Agency.