This is a list of the largest trading partners of the People's Republic of China.
Background
editChina 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
editThe major trading partners for mainland China 2023 were as follows:
| 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 2022 data as shown on the CIA World Factbook.
See also
editReferences
edit- ^ Raúl, Bernal-Meza (2016). "China and Latin America Relations: The Win-Win Rhetoric". Journal of China and International Relations. ProQuest 1912544147.
- ^ Bradsher, Keith (2018). "China's Economic Growth Looks Strong. Maybe Too Strong". The New York Times. ISSN 0362-4331. Retrieved 28 March 2018.
- ^ "National Data". National Bureau of Statistics of China. 12 January 2024. Retrieved 31 May 2024.
- ^ "Exports - partners". World Fact Book, Central Intelligence Agency.
- ^ "Imports - partners". World Fact Book, Central Intelligence Agency.
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