China's Top Import And Exports

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In 2021, the People's Republic of China imported goods worth 2.056 trillion dollars from all over the world.

- China's Top Trading PartnersChina exported 2.591 trillion dollars worth of goods around the world in 2020, making it the world's largest exporter by value.
- Here is a list of China's top 15 trading partners in terms of export sales.
- From 2019 to 2021, the United Kingdom increased its import purchases from China at the fastest rate, up 16.6 percent.
- China's Top 10 ImportsThe Chinese yuan has depreciated by minus 3.9 percent against the US dollar since 2016, according to the average exchange rate for 2020, but has increased by 0.1 percent from 2019 to 2020.
- From a continental perspective, fellow Asian countries accounted for 56.3 percent of China's total imports by value in 2020.
- China purchased 18 percent of its imported goods from European trading partners.
- The cost of imported copper increased the most among China's top ten import categories, rising 19 percent from 2019 to 2020.
- On a continental level, 47.6 percent of China's exports were delivered to other Asian countries, while 20.8 percent were sold to North American importers.
- Africa got 4.4 percent, Latin America excluding Mexico but including the Caribbean got 4.1 percent, and Oceania led by Australia received smaller percentages of 2.5 percent.
- With a population of 1.4 billion people, China's total export revenue of 2.591 trillion dollars in 2020 equates to about 1,850 dollars per person in the East Asian economic powerhouse.
- The following export product groups are the most valuable in terms of dollars in Chinese global shipments in 2020.
- 109.4 billion dollars in furniture, bedding, lighting, signs, and prefabricated buildings account for 4.2 percent 96.4 billion dollars in plastics and plastic articles account for 3.7 percent80.2 billion dollars in optical, technical, and medical equipment account for 3.1 percent76.3 billion dollars in vehicles account for 2.9 percent 75.6 billion dollars in miscellaneous textiles and worn clothing account for 2.9 percent 71.5 billion dollars in toys and games account for 2.8 percent 71.1 billion dollars in iron and steel articles account for 2.7 percent 62.3 billion dollars in clothing and accessories account for 2.4 percent China's top ten exports accounted for more than two thirds of the total value of its global shipments valued at 69.2 percent.
- China's fastest growing export category among the top ten was miscellaneous textiles and worn clothing, which increased by 170.9 percent from 2019 to 2021.
- Toy and game shipments from China increased by 13.9 percent, the third fastest increase in value.
- Unknitted and non crocheted clothing and accessories were the lone decliner among China's top 10 export categories, falling by minus 6.7 percent year over year.
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[easonchen]

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