China – Trade

China is the largest export economy in the world and the 19th most complex economy according to the Economic Complexity Index (ECI). In 2015, China exported $2.37T and imported $1.27T, resulting in a positive trade balance of $1.1T. In 2015 the GDP of China was $11T and its GDP per capita was $14.5k.

The top exports of China are Computers ($188B), Broadcasting Equipment ($165B), Telephones ($112B), Integrated Circuits ($65.7B) and Office Machine Parts ($45.4B), using the 1992 revision of the HS (Harmonized System) classification. Its top imports are Crude Petroleum($119B), Integrated Circuits ($95.2B), Gold ($65.8B), Iron Ore ($42.9B) and Cars ($38.5B).

The top export destinations of China are the United States ($457B), Hong Kong ($273B), Japan ($152B), Germany ($97.4B) and South Korea($90.1B). The top import origins are South Korea ($131B), the United States ($128B), Japan ($116B), Germany ($78.6B) and Other Asia($73.4B).

Exports

In 2015 China exported $2.37T, making it the largest exporter in the world. During the last five years the exports of China have increased at an annualized rate of 5.7%, from $1.75T in 2010 to $2.37T in 2015. The most recent exports are led by Computers which represent 7.93% of the total exports of China, followed by Broadcasting Equipment, which account for 6.96%.

Imports

In 2015 China imported $1.27T, making it the 2nd largest importer in the world. During the last five years the imports of China have increased at an annualized rate of 2.3%, from $1.1T in 2010 to $1.27T in 2015. The most recent imports are led by Crude Petroleum which represent 9.4% of the total imports of China, followed by Integrated Circuits, which account for 7.48%.

As of 2015 China had a positive trade balance of $1.1T in net exports. China exports 533 products with revealed comparative advantage.