What Country Trades The Most With China?

by | Last updated on January 24, 2024

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Rank Country / Territory Trade balance 1

United States

275.8
2 European Union 177.1 – ASEAN 41.5 3 Japan -28.6

Do any countries have a trade surplus with China?

Characteristic Trade surplus in billion U.S. dollars – – – – – –

What countries does China trade with today?

China trade balance, exports and imports by country

In 2018, China major partner countries for exports were

United States, Hong Kong, China, Japan, Korea, Rep. and Vietnam

and for imports they were Korea, Rep., Japan, Other Asia, nes, United States and Germany.

What are the top 3 imports of China?

Its top imports are

integrated circuits ($207B)

, crude petroleum ($144B), iron ore ($59B), cars ($46.8B) and gold ($40.3B).

Who are China top three trading partners?

China trade balance, exports and imports by country

In 2019, China major trading partner countries for exports were

United States, Hong Kong, China, Japan, Korea, Rep. and Vietnam

and for imports they were Korea, Rep., Other Asia, nes, Japan, Unspecified and United States.

Who is China's biggest trading partner?

Rank 1. Importer
United States
Exports from China (US$) $452,576,771,000 2019-20 +8.1%

What is China's biggest export?

# Product Value 1

Computers

210.231
2 Broadcasting equipment 110.979 3 Telephones 91.759 4 Office Machine Parts 47.079

Does China rely on the US?

But various data suggest that such a process may be challenging as the two economies have grown more connected over the years. The U.S. and China have been major trading partners for years, and

they rely on each other's supply chain

for input into goods and services consumed within their borders.

What is China's main export to the US?

The top goods exported from China to the U.S. and their total values for 2018 were

electrical machinery ($152 billion)

, machinery ($117 billion), furniture and bedding ($35 billion), toys and sports equipment ($27 billion), and plastics ($19 billion).

What does the US get from China?

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.

When did the US start buying from China?

The U.S. trade with China is part of a complex economic relationship. In 1979 the U.S. and China reestablished diplomatic relations and signed a bilateral trade agreement. This gave a start to a rapid growth of trade between the two nations: from $4 billion (exports and imports) that year to over $600 billion in 2017.

What is the main religion in China?

China is a country with a great diversity of religious beliefs. The main religions are

Buddhism, Taoism, Islam, Catholicism and Protestantism

. Citizens of China may freely choose and express their religious beliefs, and make clear their religious affiliations.

Which country exports the most?

Rank Country 2020 Export Sales (US$) 1.

China

$2,590,607,686,000
2. United States $1,431,406,392,000 3. Germany $1,377,863,429,000 4. Japan $640,953,137,000

What is China's biggest import?

Rank China's Import Product 2020 Value (US$) 1

Integrated circuits/microassemblies

$350,845,066,000
2 Crude oil $176,321,269,000 3 Iron ores, concentrates $118,944,291,000 4 Cars $44,923,331,000

Who does Russia trade with the most?

Exporter Trade (US$ Mil) Partner share(%)
China

54,142 21.91
Germany 25,110 10.16 Belarus 13,663 5.53 United States 13,429 5.43

Who is the US biggest trading partner?

Rank Country Total Trade — Total, All Countries 2,558.7 — Total, Top 15 Countries 1,922.0 1

Mexico

375.5
2 Canada 372.8
Ahmed Ali
Author
Ahmed Ali
Ahmed Ali is a financial analyst with over 15 years of experience in the finance industry. He has worked for major banks and investment firms, and has a wealth of knowledge on investing, real estate, and tax planning. Ahmed is also an advocate for financial literacy and education.