CHINA IMPORT EXPORT DATA CONTINUES TO GROW FURTHER: ANALYTICAL REPORT


An official statement released by the commerce department of China states that the Import Export Data to and from China is on a growth front and will continue to grow in upcoming years also. Currently, China is highly focusing on the foreign investments made by different countries and investors around the world so as to build healthy relations with all and boost its trade relations. Wang Wentao, who is the commerce Minister of China says that China is ready to fully cooperate with its investors and partners in order to attract more foreign deals and proposals.

All these proceedings and statements were made after it was observed that China Import Export Data was declining in the initial months of 2023 as compared to the initial months of the year 2022.

The past 5-year trend of China Export Import Data is as follows:

CHINA EXPORT IMPORT DATA (2018-2022)

YEAR

EXPORTS

IMPORTS

REMARKS

2018

USD 2.49 trillion

USD 2.13 trillion

Trade surplus

2019

USD 2.49 trillion

USD 2.06 trillion

Trade surplus

2020

USD 2.58 trillion

USD 2.05 trillion

Trade surplus

2021

USD 3.36 trillion

USD 2.67 trillion

Trade surplus

2022

USD 3.59 trillion

USD 2.71 trillion

Trade surplus

 

From the statistical table given above, it is clear that China is amongst the top Importers and Exporters in the world. It is also amazing to know that the country has been able to maintain a trade surplus every year with a decent margin.

Kristalina Georgieva, chief of IMF stated that after looking at the statistics of the Import Export Data of China for the past and present times, the GDP of the nation is projected to grow by 5.2% in the year 2023 which means that China will have approximately 33.3% contribution in global growth in the year 2023.

 

 

TOP EXPORTS FROM CHINA TO THE WORLD – 2022

As per the latest Import Export Data of China for the year 2022, the top Exports from China to the world were:

·        Electrical machines (USD 954.78 billion)

·        Mechanical appliances (USD 551.95 billion)

·        Automobiles (USD 150.23 billion)

·        Plastic products (USD 143.52 billion)

·        Furniture (USD 130.89 billion)

·        Articles made up of Iron and Steel (USD 110.31 billion)

TOP EXPORT PARTNERS OF CHINA – 2022



Along with the top export items, a list of the top 6 export partners of China was also mentioned in the Import Export Data of China for that year. The lineup is as follows:

·        The United States of America (USD 582.75 billion)

·        Japan (USD 172.92 billion)

·        Korea (USD 162.62 billion)

·        Vietnam (USD 146.95 billion)

·        India (USD 118.50 billion)

·        The Netherlands (USD 117.73 billion)

TOP IMPORTS TO CHINA FROM THE WORLD – 2022

Along with China Export Data, the Export Import Data of China also mentions details about imports that were made into the country from the world in the year 2022. The top 06 items were:

·        Electrical machines (USD 644.69 billion)

·        Mineral fuels and oils (USD 535.33 billion)

·        Ores and slag (USD 224.71 billion)

·        Machinery (USD 202.14 billion)

·        Natural and precious stones (USD 103.70 billion)

·        Optical and precision tools (USD 82.02 billion)

 

TOP IMPORT PARTNERS OF CHINA – 2022

A curated list of the top 06 import partners of China, i.e., from whom China imported the most in the year 2022 as per the country’s Export Import Data is as follows:

·        Korea (USD 199.66 billion)

·        Japan (USD 184.49 billion)

·        The United States of America (USD 178.95 billion)

·        Australia (USD 142.09 billion)

·        Germany (USD 111.39 billion)

·        Malaysia (USD 109.87 billion)

CONCLUSION

So here comes the end of this blog where we would like to only state that China is one of the richest and most advanced economies in the world and it competes with the United States to become number 1. The China Trade Data clearly proves our statement through the records it contains. It has been forecasted and projected by various high authorities and officials in China that the nation would continue to see a rise in the Export Import Data which would significantly give a boost to the country’s economy and GDP.

CONTACT US TODAY FOR MORE INFORMATION

TradeImeX Info Solution Pvt. Ltd. is one of the premier market research firms available online that is a perfect spot for any marketer or trader to get the best Import Export data of any country like Vietnam, Philippines, Turkey, etc. We have a database for almost 70+ countries with complete details collected from customs ports and government bodies of each country.

For More Info –

Import Export Data

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Email –  info@tradeimex.in

 

 

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