List of the largest trading partners of China explained

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
- 911.7 523.7 388.0 135.6
- 783.0 501.2 281.7 219.5
1 664.5 500.3 164.2 336.1
2 318.0 157.5 160.5 -2.9
3 310.7 149.0 161.7 -12.8
4 288.2 274.5 13.7 260.9
5 267.8 68.5 199.3 -130.9
6 240.1 111.0 129.1 -18.2
7 229.8 137.6 92.2 45.4
8 229.1 73.8 155.4 -81.6
9 206.8 100.6 106.2 -5.6
10 190.2 87.4 102.9 -15.5
11 181.5 59.1 122.4 -63.3
12 139.4 65.2 74.2 -9.0
13 136.2 117.7 18.5 99.1
14 126.3 75.7 50.5 25.2
15 117.1 100.2 16.9 83.2
16 108.4 77.0 31.4 45.5
17 98.0 77.9 20.1 57.9
18 89.0 45.1 43.9 1.2
19 78.9 41.6 37.3 4.3
20 71.9 52.4 19.5 32.9
21 71.8 44.5 27.2 17.3
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.

See also

Notes and References

  1. Raúl. Bernal-Meza. 2016. China and Latin America Relations: The Win-Win Rhetoric. Journal of China and International Relations. .
  2. News: China's Economic Growth Looks Strong. Maybe Too Strong.. Bradsher. Keith. 2018. The New York Times. 28 March 2018. en-US. 0362-4331.
  3. Web site: 12 January 2024 . National Data . 31 May 2024 . National Bureau of Statistics of China.
  4. https://www.cia.gov/the-world-factbook/field/exports-partners/ "Exports - partners"
  5. https://www.cia.gov/the-world-factbook/field/imports-partners/ "Imports - partners"