What is China’s main export?
Searchable List of China’s Most Valuable Export ProductsRankChina’s Export Product2019 Value (US$)1Phone system devices including smartphones$224,069,819,0002Computers, optical readers$148,463,426,0003Integrated circuits/microassemblies$102,187,884,0004Processed petroleum oils$38,345,208,000
What are China’s main imports?
China’s Top 10 Imports
- Electrical machinery, equipment: US$496.8 billion (24% of total imports)
- Mineral fuels including oil: $343.6 billion (16.6%)
- Machinery including computers: $190.3 billion (9.2%)
- Ores, slag, ash: $163.6 billion (7.9%)
- Optical, technical, medical apparatus: $98.7 billion (4.8%)
- Vehicles: $75.1 billion (3.6%)
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How much does China rely on trade?
Over the past several decades, Chinese trade has expanded at a breakneck pace. In 1995, the value of China’s imports and exports of goods totaled $280.9 billion or 3 percent of global trade. By 2018, its total trade in goods had jumped to $4.6 trillion or 12.4 percent of global trade.
What does China import and export?
Trade: The top exports of China are Broadcasting Equipment ($224B), Computers ($147B), Office Machine Parts ($100B), Integrated Circuits ($90.9B), and Telephones ($55.3B). The top imports of China are Crude Petroleum ($208B), Integrated Circuits ($133B), Iron Ore ($59.2B), Cars ($45.2B), and Petroleum Gas ($44.2B).
What food does the US get from China?
The U.S. imported $4.6 billion in agricultural products from China in 2017. The top U.S. import commodities from China are fruits and vegetables (fresh/processed), snack food, spices, and tea – the combined which accounts for nearly one-half of the total U.S. agricultural imports from China.
What does US get from China?
The U.S. imported a record $539.5 billion in goods from China in 2018. The U.S. is a net importer from China in most market segments such as consumer electronics, apparel, furniture and industrial supplies. … U.S. tariffs on $200 billion in Chinese imports were recently increased to 25% from 10%.
Who buys the most from China?
China’s Trading Partners – Top Countries Where China Exports the Most
- United States: $481 billion.
- Hong Kong: $304 billion.
- Japan: $148 billion.
- South Korea: $110 billion.
- Vietnam: $84 billion.
Who is China’s biggest trading partner?
China’s Top Trading Partners
- United States: US$418.6 billion (16.8% of China’s total exports)
- Hong Kong: $279.6 billion (11.2%)
- Japan: $143.2 billion (5.7%)
- South Korea: $111 billion (4.4%)
- Vietnam: $98 billion (3.9%)
- Germany: $79.7 billion (3.2%)
- India: $74.9 billion (3%)
- Netherlands: $73.9 billion (3%)
What is China’s biggest export to Canada?
Canada exports to ChinaValueYearMineral fuels, oils, distillation products$880.61M2019Oil seed, oleagic fruits, grain, seed, fruits$772.66M2019Cereals$705.07M2019Fertilizers$645.96M2019
Can China overtake US economy?
China is expected to surpass the United States to become the world’s largest economy in a little more than a decade, despite escalating hostilities with Washington, a Beijing-based governmental think tank has forecast.
Does China rely on the US?
The U.S. depends heavily on China for providing the low-cost goods that enable income-constrained American consumers to make ends meet. The U.S. also depends on China to support its own exports; next to Mexico and Canada, China is America’s third largest and by far its most rapidly growing major export market.
What if the US stopped buying from China?
What would happen to China’s economy if America completely stopped buying it’s exported products? … Around 4% of China’s GDP and 3% of America’s GDP would temporarily disappear and then reappear as increased Chinese exports to Europe/Russia/Africa/India and increased US imports from those regions.
How much money does the US owe China?
Breaking Down Ownership of US Debt
China owns about $1.1 trillion in U.S. debt, or a bit more than the amount Japan owns.
Who is the biggest exporter in the world?