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

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

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]

Rank	Country / Territory	Total trade	China exports	China imports	Trade balance
-	ASEAN	911.7	523.7	388.0	135.6
-	European Union	783.0	501.2	281.7	219.5
1	United States	664.5	500.3	164.2	336.1
2	Japan	318.0	157.5	160.5	-2.9
3	South Korea	310.7	149.0	161.7	-12.8
4	Hong Kong	288.2	274.5	13.7	260.9
5	Taiwan	267.8	68.5	199.3	-130.9
6	Russia	240.1	111.0	129.1	-18.2
7	Vietnam	229.8	137.6	92.2	45.4
8	Australia	229.1	73.8	155.4	-81.6
9	Germany	206.8	100.6	106.2	-5.6
10	Malaysia	190.2	87.4	102.9	-15.5
11	Brazil	181.5	59.1	122.4	-63.3
12	Indonesia	139.4	65.2	74.2	-9.0
13	India	136.2	117.7	18.5	99.1
14	Thailand	126.3	75.7	50.5	25.2
15	Netherlands	117.1	100.2	16.9	83.2
16	Singapore	108.4	77.0	31.4	45.5
17	United Kingdom	98.0	77.9	20.1	57.9
18	Canada	89.0	45.1	43.9	1.2
19	France	78.9	41.6	37.3	4.3
20	Philippines	71.9	52.4	19.5	32.9
21	Italy	71.8	44.5	27.2	17.3
—	Total	5,936.8	3,380.0	2,556.8	823.2

China is the largest trading partner of many countries. The following tables are based on 2016 data as shown on the CIA World Factbook.

Exports[4] Nation Percentage  North Korea 85.6%  Mongolia 84.1%  Turkmenistan 70.0%  Solomon Islands 62.4%  Eritrea 57.7%  Angola 53.7%  Oman 47.8%  Myanmar 40.6%  Congo 39.8%  Mauritania 36.9%  DR Congo 35.3%  Australia 30.5%  New Caledonia 30.4%  Iran 30.1%  Chile 28.6%  South Korea 25.1%  Guinea 24.6%  Peru 23.5%  Iraq 21.9%  New Zealand 19.4%  Brazil 19.0%  Saudi Arabia 13.6%  Singapore 12.8%  Indonesia 11.6%  South Africa 25 .2%

Imports[5] Nation Percentage  North Korea 90.3%  Kyrgyzstan 37.8%  Macau 36.7%  Cambodia 35.3%  Myanmar 33.9%  Mongolia 33.2%  Cuba 29.2%  Pakistan 29.1%  Ethiopia 28.8%  Togo 28.7%  Paraguay 27.3%  Iraq 26.9%  Japan 25.8%  Solomon Islands 25.3%  Vietnam 25.1%  Bangladesh 24.3%  Chile 24.3%  Kenya 24.1%  Australia 23.4%  Indonesia 22.9%  Peru 22.8%  Uzbekistan 22.2%  Russia 21.6%  Thailand 21.6%  South Korea 21.4%  Madagascar 21.2%  Rwanda 21.2%  United States 21.1%  Tanzania 20.7%  Nigeria 20.3%  DR Congo 20.2%  Bolivia 19.9%  New Zealand 19.9%  Malaysia 19.4%  Uruguay 18.8%  Eritrea 18.1%  South Africa 18.1%  Uganda 17.9%  Algeria 17.8%  Cameroon 17.8%  Mauritius 17.7%  Ghana 17.3%  Philippines 17.3%  India 17.0%  Saudi Arabia 16.2%  Libya 14.4%  Singapore 14.3%  Kuwait 14.1%  Jordan 14.0%  Burundi 13.3%  Egypt 12.9%  Turkey 12.8%  Sierra Leone 12.5%  Burkina Faso 12.2%  Mali 12.2%  Lebanon 11.2%  Bahrain 9.7%  United Arab Emirates 7.4%

See also

• Economy of China
• Internationalization of the renminbi
• List of countries by leading trade partners
• List of the largest trading partners of the United States
• List of the largest trading partners of the ASEAN

References

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This page was last edited on 20 May 2024, at 19:34