China is actively seeking international trade partners in countries throughout the world. These resources are designed to help you stay up to date regarding developments in trade regulations and procedures, and the latest business news from this rapidly changing market. Its leading export partners are the United States, Hong Kong, Japan, the European Union, South Korea and Singapore. Its leading import partners are Japan, the European Union, Taiwan, South Korea, the United States, Malaysia and Australia.
The Chinese government announced in July 2008 that the country's trade surplus fell to US$99.03 billion in the first half of the year, down 11.8% from the same period in 2007. The government attributed the change to a variety of factors, including: "China's policies to tame surplus...the rising prices of energy and resources [and] the global slowdown."
Export and Import Facts
- Its exports are valued at an estimated US$1.5 trillion per year
- Chief export products include electronics, machinery, apparel, optical, photographic and medical equipment and furniture
- For the first six months of 2008, China’s exports rose 21.9% from the same period in 2007, to US$666.6 billion
- China’s imports are valued at an estimated US$1.3 trillion per year
- Imports are concentrated in the areas of electronics, machinery, mineral fuel and oil, chemicals and plastic
- Imports rose 30.6% during the first half of 2008, compared to the same period in 2007, to US$567.57 billion
Export/ Import Resources
This World Bank table provides a breakdown of the number of days required for each step in the process of exporting goods from China or importing goods into China.
Bilateral chambers of commerce in China include: