
China
Global Trade Profile β’ Rank #1 Exporter
$3.41T
Total Exports (2023)
$2.13T
Total Imports (2023)
$1.29T
Trade Surplus
#1
Export Ranking
Trade Flow Visualization
Interactive map showing China's top trading partners. Green lines represent exports, red lines represent imports.
#1
Export Rank
$3.41T
Total Exports
$2.13T
Total Imports
+$1.29T
Trade Balance
25
Trade Partners
π Top Export Destinations
USA
China, Hong Kong SAR
Japan
Germany
Rep. of Korea
Viet Nam
India
Russian Federation
United Kingdom
MexicoTop Export Products
π₯ Top Import Sources
Rep. of Korea
USA
Australia
Russian Federation
Japan
Brazil
Germany
Viet NamTop Import Products
π Historical Trade Trends (1995-2023)
29 Years
Data Coverage
29
Data Points
π
Trend Direction
π Featured Analysis
China is featured in our detailed study: Top Car Exporters: Germany Leads $1.8T Market β
China Trade Analysis 2023
π Overview
China stands as the world's #1 largest exporter and #2 largest importer, demonstrating significant global trade influence.
The trade profile reveals a robust surplus of 1.29 trillion, indicating strong export competitiveness.
The country maintains active trading relationships with 20 major partners, creating a highly diversified trade network.
Monthly trade flows average $461.99B, generating continuous economic activity across logistics, finance, and trade services.
π’ Export Markets
Export Market Concentration
Export concentration shows USA as the dominant market at 12.9%. The top three markets control 25.4% of exports.
Regional patterns reveal globally balanced access. Secondary markets (Viet Nam, India, Russian Federation) provide $551.47B in additional trade.
π¦ Import Sources
Import Source Concentration
China relies heavily on Rep. of Korea for imports (7.6%),maintaining balanced sourcing.
Energy suppliers including Saudi Arabia (63.83B), United Arab Emirates (41.78B) collectively provide 105.60 billion or 5.0% of imports, highlighting the economy's dependence on imported energy resources. Australia supplies 142.68B (6.7%), primarily in commodities and raw materials.
Manufacturing inputs come primarily from Rep. of Korea, Viet Nam, Indonesia, Malaysia, reflecting deep integration into Asian production networks.
The USA provides 147.30 billion (6.9%) in imports, concentrated in agricultural products, aircraft, pharmaceuticals, and advanced technology.The top 10 import sources account for 55.0% of total imports, with the remaining 45% distributed among 10 other suppliers.
Regional sourcing patterns reveal strong ASEAN integration with 5 Southeast Asian nations providing 287.98 billion (13.5%) of imports. European suppliers including Germany (104.41B) focus on luxury goods, machinery, and specialized chemicals.
Supply chain resilience strategies increasingly emphasize "China Plus One" approaches, with Viet Nam, Thailandemerging as alternative manufacturing bases. The geographic proximity of major suppliers balances efficiency with risk diversification.
π¦ Product Composition
π Export Products
Top Export Products
China's export economy centers on advanced machinery and electronics, with the leading export being Telephones for cellular networks or for other wireless networksat $223.55 billion, accounting for 6.5% of total exports.
Vehicle-related products including passenger cars, hybrid vehicles, electric vehicles, and automotive parts total approximately 51.02 billion or 1.5% of exports, encompassing 2 distinct product categories. Electronics, semiconductors, and machinery contribute 811.82 billion or 23.8% of exports.
The automotive sector's dominance is evident in the export portfolio, with with only electric motor for propulsion (32.25B), with only spark-ignition internal combustion recip... (18.77B). This automotive specialization reflects decades of manufacturing excellence, continuous innovation in fuel efficiency and hybrid technology, and established global brand recognition.
The transition to electric and hybrid vehicles is captured in export data, with 4 categories specifically related to alternative propulsion systems, totaling $183.72B.
Beyond automotive, China maintains strong positions in industrial machinery (3 categories totaling 173.96B), electronic components (637.87B), and Petroleum oils and oils from bituminous minerals, not crude, Tricycles, scooters, pedal cars and similar wheeled toys, Games.
The top 20 export products collectively account for 29.6% of total exports, revealing healthy product diversification across multiple sectors.
π Import Products
Top Import Products
Energy dominates China's import profile, with fossil fuels accounting for 433.88 billion or 20.4% of total imports. Crude oil leads at 311.89 billion (14.6%), followed by natural gas and coal. This energy import dependency shapes economic policy, inflation dynamics, and strategic relationships with supplier nations.
Key Finding: Energy Dependency
Beyond energy, critical imports include non-agglomerated (114.25B, 5.4%), processors and controllers, whether or n... (63.39B, 3.0%), gold, non-monetary, unwrought (but not p... (58.17B, 2.7%), n.e.c. in heading no. 8542 (58.16B, 2.7%), Copper ores and concentrates (58.13B, 2.7%).Electronic components and devices total 225.71 billion (10.6% of imports), supporting domestic manufacturing and assembly operations. Pharmaceutical products represent 18.96 billion (0.9%), reflecting healthcare sector demands. Metal ores and minerals contribute 172.38 billion (8.1%), feeding industrial processing capacity.
The import product mix reveals structural characteristics of China's economy: heavy reliance on imported energy despite industrial advancement, integration into global electronics supply chains, and sophisticated consumption patterns.
The ratio of raw materials to finished goods in imports (9 : 11among top 20 products) indicates balanced import composition. Import substitution potential exists in agriculture and technology sectors through targeted industrial policies and investment.
Product diversification metrics reveal focused product specializationwith implications for economic resilience and growth potential. The technology ladder progression from 2 primary products to 17 high-tech goods indicates the economy's structural transformation and industrial upgrading trajectory.
Value addition opportunities exist in transitioning from raw material exports to processed goods, from components to finished products, and from standard to customized offerings. The product space connectivity, measuring relatedness between current exports and potential new products, suggests strong potential for diversification into adjacent sophisticated products.
βοΈ Trade Balance Dynamics
| Partner | Exports | Imports | Balance |
|---|---|---|---|
| USA | $441.74B | $147.30B | +$294.45B |
| Rep. of Korea | $147.09B | $161.63B | $-14.54B |
| Japan | $165.72B | $127.58B | +$38.14B |
| China, Hong Kong SAR | $258.54B | $0 | +$258.54B |
| Germany | $150.57B | $104.41B | +$46.16B |
Export-to-import ratio of 1.604 means exports cover 160.4% of import costs.
π Key Relationships
Major Trading Partners
| Partner | Exports | Imports | Balance |
|---|---|---|---|
| USA | $441.74B | $147.30B | +$294.45B |
| Rep. of Korea | $147.09B | $161.63B | $-14.54B |
| Japan | $165.72B | $127.58B | +$38.14B |
| China, Hong Kong SAR | $258.54B | $0 | +$258.54B |
| Germany | $150.57B | $104.41B | +$46.16B |
| Russian Federation | $110.01B | $129.00B | $-18.99B |
| Viet Nam | $134.75B | $85.69B | +$49.06B |
| Australia | $71.86B | $142.68B | $-70.82B |
| Total | $1.48T | $898.28B | +$582.00B |
The China-USA relationship leads at 589.04 billion in bilateral trade.View detailed analysis β
Additional major partnerships include Japan (293.30B total trade), China, Hong Kong SAR (258.54B total trade), Germany (254.97B total trade). Regional integration through Asian supply chains facilitates technology transfer, market access, and production efficiency. The diversity of trading relationshipsβ2.71T across top 10 partnersβprovides resilience against bilateral tensions and regional disruptions.
π Competitive Position
Competitive Advantage
Global rankings position China as the #1 exporter worldwide,among the elite tier of global trading powers. The country's share of global exports at approximately 34.146%provides substantial market influence and pricing power.
Export sophistication, measured by the dominance of technology-intensive products, indicates advanced industrial capabilities. The revealed comparative advantage (RCA) index shows strongest competitiveness in sectors where China's global market share exceeds its overall trade share by factors of 2 or more.
Competitive advantages emerge in sectors where export concentration exceeds import share, particularly inTelephones for cellular n, portable, weighing not mo, lithium-ion, including se. The revealed comparative advantage is strongest in product categories representing12.1% of exports. Market positioning against regional competitors shows leadership in key product segments.
Trade complementarity with major partners suggests deep integration into global supply chains. The export quality ladder, comparing unit values to world averages, indicates premium positioning in many categories.
Competitive dynamics are shaped by factor endowments including advanced technology and skilled labor, infrastructure quality, and business environment. The export survival rate, measuring the persistence of export relationships over time, suggests need for relationship strengthening.
Innovation capacity, reflected in the technology content of exports and R&D intensity, determines long-term competitiveness trajectories. The competitive threat from emerging exporters in similar product categories requires continuous upgrading and differentiation strategies to maintain market position. Regional integration through trade agreements provides preferential access to0 markets, creating competitive advantages over non-member competitors.
π― Strategic Outlook
Strategic Priority
The trade profile presents both opportunities and challenges for economic development strategy. Key strengths include consistent trade surpluses supporting macroeconomic stability,diversified market access reducing concentration risk, and competitive positions in high-value manufacturing.
Vulnerabilities include product concentration in cyclical sectors. The intersection of these factors creates a complex strategic landscape requiring careful navigation to maximize opportunities while mitigating risks.
Strategic priorities should focus on market diversification and value chain upgrading to enhance trade competitiveness. Opportunities exist in expanding trade with Thailand, Australia, United Arab Emirates, developing new product capabilities in adjacent product categories, and strengthening regional integration through new partnership frameworks.
The digital transformation of trade, including e-commerce, digital services, and blockchain-based trade finance, offers new avenues for market access and efficiency gains. Green trade opportunities in renewable energy, sustainable products, and carbon markets represent growing segments aligned with global sustainability goals.
The evolving global trade environment, characterized by technological disruption, geopolitical realignment, and sustainability imperatives, will fundamentally reshape China's trade prospects. Success requires balanced policies addressing both maintaining export competitiveness while managing currency appreciation pressures.
Investment in infrastructure, education, and innovation ecosystems will determine the ability to climb value chains and capture larger shares of global value addition. The resilience agenda, emphasizing supply chain robustness, strategic autonomy in critical sectors, and economic security considerations, must be balanced with efficiency and openness principles.
As global trade patterns continue evolving, China's position as the world's #1 exporter provides a platform for continued growth, requiring adaptive strategies, institutional strengthening, and sustained commitment to competitiveness enhancement in an increasingly complex and interconnected global economy.
Data Notes
Data from CEPII BACI database, harmonized using UN Comtrade methodology. All values in current USD at 2023 exchange rates. Trade statistics cover merchandise goods only, excluding services. Mirror statistics reconciliation applied for data consistency. 2024 data available January 2026. HS6 product classification follows 2017 revision.
Data source: CEPII BACI | Last updated: January 2025 | Next update: January 2026