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Total Trade Values

People’s republic of China is located is located in Southeast Asia and is regarded as the largest

country in this region. It is also regarded as one of the largest economies in the world only

second to the United States.

Exports(Goods and Services) $millions Imports(Goods and Services)$millions

$ 3,554,296 $3,091,488
The Nominal GDP of China for 2021 was $17.72 trillion.

Trade is one of the most important components for economic development of China. China’s

growth to become one of the most consequential players in the global economy is unprecedented.

The country has experienced rapid economic growth in the past 25 years to lift people out of

people by ensuring that it has become the manufacturing hub of the world. China has emerged

form the peripheries of world trade to come a global trade juggernaut. Towards the end of the

1970s Chinas was ranked as a developing country, however it began a series of reforms to

upgrade its economy and open it up to the world. During this period the global trade was less

than 1%. To have access to global markets China applied for the General Agreement on Tariffs

and Trade. However this process was derailed and China had to wait for 15 years before it could

be allowed to join the multilateral trading system. The share of China’s global trade gradually

increased but its potential on the global market was below average. By the turn of the 21st

century two important events set the pathway for China’s accension to an economic powerhouse.

The first is the emergence of the global value chains and the second is the admission of China

into the World Trade Organization(WTO). The advancement of technology and expansion of the

global logistics made it possible to fragment production across different regions in the globe.
 3

China become the go to location for companies looked for low cost partners for the production of

goods. The WTO provided a structured environment for companies to enjoy cross-border

production at minimal cost. This new regulatory framework transformed China into a leading

manufacturing powerhouse and this enable it to dramatically increase the number of exports to

the rest of the world. By 2010 China had become the world’s largest exported. Even though Chin

has enjoyed astronomical growth, it has been met with both admiration and skepticism. China

has employed the use of sate subsidies, manipulation of its currency, quotas, intellectual property

rights and export measures. This has resulted in numerous trade disputes with the United States.

China is the manufacturing hub of the world, the largest companies in the world rely on China in

the production of its goods. The made in China tag is found on almost every electronic device.

Almost all critical sectors such as industrial machinery, precision instruments and smartphones

dependent on China for low cost production. The other important sectors responsible for the

growth of the economy are mining, utilities and construction. China relies on the rest of the

world for the sale of its goods and services but the rest of the world also relies on China. The

mutually beneficial interaction between China and the rest of the world.

Trade composition, world

Export Import
Goods and Services Export ($) (%) Import ($) (%)
$670,997,854,27
Electrical Machinery 2 26.90% $496,832,132,047 24%
$416,975,731,01
Industrial Machinery 5 16.70% $190,308,746,424 9.20%
Furniture $99,499,770,173 3.98% $3,527,753,417 0.17%
Plastics $84,386,941,625 3.38% $71,578,324,035 3.46%
Motor Vehicles & Parts $74,366,535,565 2.98% $75,125,427,520 3.63%
Precision Instruments $72,995,668,765 2.92% $98,661,866,428 4.77%
Apparel: Knit $71,440,137,979 2.86% $3,653,043,447 0.18%
Iron & Steel Articles $69,554,448,752 2.78% $9,854,292,878 0.48%
Apparel: Non Knit $66,798,309,079 2.67% $4,477,596,676 0.22%
Toys & Sport Equipment $62,798,229,176 2.51% $2,526,781,371 0.12%
 4

Organic Chemicals $56,814,767,201 2.27% $57,806,523,377 2.79%

Footwear $47,803,893,158 1.91% $5,634,519,885 0.27%
Oil & Mineral Fuels $47,035,192,655 1.88% $343,636,632,437 16.60%
Iron & Steel $39,463,924,473 1.58% $23,357,496,605 1.13%
Leather Products $29,587,779,394 1.18% $3,986,175,185 0.19%
Textile Articles $27,917,683,389 1.12% $480,680,988 0.02%
Aluminum $26,108,435,180 1.04% $5,794,174,013 0.28%
Ceramic Products $25,432,992,805 1.02% $1,280,222,650 0.06%
Ships & Boats $24,497,144,889 0.98% $2,001,673,503 0.10%
Manmade Filaments $22,212,236,634 0.89% $2,869,036,430 0.14%
Rubber $22,160,537,807 0.89% $15,370,907,895 0.74%
Paper $22,008,827,810 0.88% $5,265,824,397 0.26%
Precious Stones &
Metals $20,816,754,686 0.83% $60,540,892,263 2.93%
Base Metal Articles $19,630,440,649 0.79% $1,876,315,061 0.09%
Knitted Fabrics $18,671,878,631 0.75% $1,372,024,001 0.07%
Miscellaneous Articles $17,984,121,682 0.72% $2,360,255,465 0.11%
Glass & Glassware $17,905,612,132 0.72% $7,577,282,753 0.37%
Chemical Products $17,086,532,860 0.68% $17,507,306,998 0.85%
Inorganic Chemicals $16,908,485,041 0.68% $10,364,297,374 0.50%
Tools & Cutlery $16,680,385,796 0.67% $3,506,349,387 0.17%
Cotton $14,142,822,984 0.57% $9,231,143,014 0.45%
Wood $13,410,434,257 0.54% $21,976,451,372 1.06%
Seafood $12,470,732,819 0.50% $15,411,424,976 0.75%
Manmade Staple Fibers $12,395,421,112 0.50% $2,258,011,854 0.11%
Items nesoi $11,757,215,139 0.47% $10,614,451,876 0.51%
Stone, Brick, & Tile $11,555,920,728 0.46% $1,770,982,535 0.09%
Vegetables $10,328,091,958 0.41% $1,566,070,786 0.08%
Prepared Meats $9,241,240,746 0.37% $394,099,266 0.02%
Pharmaceuticals $9,165,508,718 0.37% $33,614,183,829 1.62%
Railway Equipment $9,133,122,008 0.37% $717,722,220 0.03%
Flowers & Feathers $8,516,883,437 0.34% $320,165,241 0.02%
Impregnated Textiles $7,969,555,491 0.32% $1,689,740,336 0.08%
Preserved Fruits &
Vegetables $7,838,562,125 0.31% $1,495,953,960 0.07%
Paints & Dyes $7,739,324,025 0.31% $4,999,814,104 0.24%
Fertilizers $7,170,886,058 0.29% $3,543,737,407 0.17%
Copper $6,783,501,865 0.27% $40,807,908,573 1.97%
Fruit & Nuts $6,229,018,850 0.25% $11,662,824,843 0.56%
Rope & Twine $6,062,448,341 0.24% $1,240,296,206 0.06%
Cosmetics $5,896,179,022 0.24% $16,151,702,780 0.78%
Lace & Tapestries $5,318,943,335 0.21% $454,286,126 0.02%
Furs & Skins $5,090,497,674 0.20% $1,020,131,065 0.05%
Clocks & Watches $4,972,517,216 0.20% $4,142,620,044 0.20%
Head Gear $4,653,490,742 0.19% $130,044,793 0.01%
 5

Soaps and Waxes $4,429,441,543 0.18% $4,723,397,051 0.23%

Printed Material $3,982,723,438 0.16% $2,361,678,067 0.11%
Prepared Foods $3,975,850,492 0.16% $3,690,875,490 0.18%
Aircraft $3,906,195,452 0.16% $19,382,442,712 0.94%
Coffee & Spices $3,640,092,042 0.15% $952,481,230 0.05%
Other Base Metals $3,536,179,910 0.14% $3,123,051,547 0.15%
Natural Minerals &
Stone $3,306,114,687 0.13% $8,135,472,890 0.39%
Glues and Enzymes $3,232,373,044 0.13% $3,681,991,926 0.18%
Carpet $2,921,214,441 0.12% $119,724,388 0.01%
Oil Seeds $2,875,538,451 0.12% $40,158,354,779 1.94%
Apparel Accessories $2,862,613,567 0.12% $15,670,796 0.00%
Animal Feeds $2,810,201,276 0.11% $3,971,985,766 0.19%
Animal Products $2,393,293,765 0.10% $855,051,132 0.04%
Wool $2,359,497,192 0.09% $3,223,408,562 0.16%
Cereal, Flour & Starch $2,216,756,390 0.09% $7,210,065,927 0.35%
Beverages $2,100,392,798 0.08% $5,827,888,345 0.28%
Sugar & Confectionery $1,861,197,629 0.07% $1,604,062,309 0.08%
Ores $1,815,755,131 0.07% $163,605,607,774 7.91%
Musical Instruments $1,744,875,269 0.07% $529,808,773 0.03%
Wicker & Plaiting $1,659,154,413 0.07% $18,619,753 0.00%
Gums & Resins $1,564,994,165 0.06% $412,520,171 0.02%
Tobacco $1,420,817,664 0.06% $1,906,092,592 0.09%
Natural Fibers $1,368,276,928 0.05% $1,057,900,044 0.05%
Fats & Oils $1,189,396,817 0.05% $9,936,401,390 0.48%
Cereals $1,120,978,806 0.04% $5,055,560,347 0.24%
Photographic Materials $1,105,578,138 0.04% $2,708,183,351 0.13%
Silk $995,138,112 0.04% $56,564,129 0.00%
Nickel $918,945,022 0.04% $5,508,563,687 0.27%
Explosives $898,074,949 0.04% $113,974,868 0.01%
Meat $840,988,567 0.03% $18,835,596,064 0.91%
Milling Products $838,819,983 0.03% $1,332,187,093 0.06%
Collectibles $744,838,988 0.03% $840,461,869 0.04%
Hides & Leather $705,397,756 0.03% $3,658,135,801 0.18%
Dairy Products $560,914,655 0.02% $6,352,139,504 0.31%
Live Animals $509,745,935 0.02% $497,472,671 0.02%
Live Plants $431,893,021 0.02% $269,742,791 0.01%
Cocoa $399,747,141 0.02% $810,775,498 0.04%
Zinc $333,994,186 0.01% $2,093,414,457 0.10%
Arms & Ammunition $142,473,002 0.01% $10,250,669 0.00%
Wood Pulp $134,190,673 0.01% $19,240,368,044 0.93%
Vegetable Products $129,806,254 0.01% $143,937,753 0.01%
Tin $112,076,263 0.00% $158,980,932 0.01%
Lead $64,066,109 0.00% $370,565,078 0.02%
Cork $25,679,650 0.00% $40,504,461 0.00%
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The major exports from China were electrical machinery at 26.9%, industrial machinery at

16.7%, Furniture at 3.93% and plastics at 3.38%. The major imports into Chin are electrical

machinery at 24%, Oil and mineral fuels at 16.6%, Industrial machinery at 9.2%.

Trade by country
Export Import
Partner Export ($) (%) Import ($) (%)
$418,584,249,55
United States 7 16.80% $123,235,656,498 5.96%
$279,616,723,58
Hong Kong 7 11.20% $9,056,649,070 0.44%
$143,223,969,12
Japan 3 5.73% $171,523,312,054 8.29%
$110,984,861,67
South Korea 2 4.44% $173,553,266,864 8.39%
Vietnam $98,004,332,828 3.92% $64,078,465,424 3.10%
Germany $79,706,091,157 3.19% $105,037,211,963 5.08%
India $74,924,285,311 3% $17,970,064,860 0.87%
Netherlands $73,945,360,944 2.96% $11,195,726,777 0.54%
United Kingdom $62,275,958,903 2.49% $23,827,508,172 1.15%
Singapore $54,963,720,408 2.20% $35,230,305,963 1.70%
Malaysia $52,481,737,626 2.10% $71,629,893,329 3.46%
Russia $49,484,540,457 1.98% $60,257,150,829 2.91%
Australia $48,103,593,914 1.93% $119,608,313,595 5.78%
Mexico $46,377,886,432 1.86% $14,348,767,296 0.69%
Indonesia $45,685,376,592 1.83% $33,992,842,768 1.64%
Thailand $45,619,576,914 1.83% $46,134,731,800 2.23%
Philippines $40,758,535,544 1.63% $20,169,743,490 0.98%
Canada $36,827,417,507 1.47% $28,032,463,072 1.35%
Brazil $35,476,982,585 1.42% $79,203,568,567 3.83%
United Arab Emirates $33,450,537,693 1.34% $15,086,982,119 0.73%
Italy $33,410,760,529 1.34% $21,421,271,310 1.04%
France $33,104,055,875 1.32% $32,580,847,723 1.57%
Spain $26,823,477,558 1.07% $8,609,200,730 0.42%
Saudi Arabia $23,924,461,913 0.96% $54,257,290,908 2.62%
Poland $23,906,086,645 0.96% $3,943,810,848 0.19%
Belgium $18,242,346,341 0.73% $6,869,823,110 0.33%
Bangladesh $17,335,124,034 0.69% $1,036,436,112 0.05%
Turkey $17,321,762,808 0.69% $3,501,653,895 0.17%
Nigeria $16,634,073,560 0.67% $2,652,140,184 0.13%
South Africa $16,560,933,078 0.66% $25,931,258,402 1.25%
Pakistan $16,183,489,293 0.65% $1,807,881,790 0.09%
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Chile $14,687,690,706 0.59% $26,291,330,382 1.27%

Czechia $12,911,007,878 0.52% $4,628,040,908 0.22%
Kazakhstan $12,806,978,518 0.51% $9,258,817,325 0.45%
Burma $12,331,174,641 0.49% $6,381,767,986 0.31%
Egypt $12,217,146,440 0.49% $996,819,311 0.05%
Iran $9,608,725,504 0.39% $13,401,559,338 0.65%
Israel $9,516,484,371 0.38% $5,157,622,470 0.25%
Iraq $9,473,786,901 0.38% $23,806,377,282 1.15%
Colombia $9,225,688,161 0.37% $6,276,626,472 0.30%
Sweden $8,515,587,874 0.34% $9,137,227,677 0.44%
Peru $8,508,588,466 0.34% $15,212,398,791 0.74%
Cambodia $8,000,644,030 0.32% $1,443,924,311 0.07%
Panama $7,948,178,117 0.32% $443,932,774 0.02%
Greece $7,740,224,115 0.31% $726,214,334 0.04%
Ukraine $7,379,260,016 0.30% $4,503,826,621 0.22%
Algeria $6,945,571,245 0.28% $1,141,659,578 0.06%
Argentina $6,883,197,880 0.28% $7,392,261,544 0.36%
Denmark $6,716,704,121 0.27% $4,955,413,618 0.24%
Hungary $6,439,099,565 0.26% $3,747,424,136 0.18%
Kyrgyzstan $6,312,091,203 0.25% $65,960,894 0.00%
New Zealand $5,704,620,867 0.23% $12,491,022,064 0.60%
Uzbekistan $5,044,570,600 0.20% $2,180,633,878 0.11%
Kenya $4,984,584,885 0.20% $181,206,692 0.01%
Ghana $4,906,969,469 0.20% $2,543,921,249 0.12%
Romania $4,562,821,795 0.18% $2,323,744,211 0.11%
Switzerland $4,543,904,313 0.18% $27,397,843,051 1.32%
Portugal $4,325,491,616 0.17% $2,317,890,361 0.11%
Sri Lanka $4,088,060,732 0.16% $396,576,101 0.02%
Morocco $4,030,059,500 0.16% $635,507,241 0.03%
Liberia $3,909,849,171 0.16% $112,418,837 0.01%
Kuwait $3,860,875,530 0.16% $13,416,579,194 0.65%
Tanzania $3,814,731,392 0.15% $366,339,482 0.02%
Jordan $3,734,207,268 0.15% $433,197,484 0.02%
Ecuador $3,632,435,783 0.15% $3,604,999,171 0.17%
Slovenia $3,404,442,100 0.14% $516,462,422 0.03%
Norway $3,392,972,618 0.14% $3,897,903,773 0.19%
Ireland $3,267,312,597 0.13% $13,449,667,683 0.65%
Macau $3,047,188,655 0.12% $66,835,612 0.00%
Finland $3,024,718,098 0.12% $4,630,684,912 0.22%
Austria $3,021,832,135 0.12% $7,622,811,986 0.37%
Oman $3,020,369,705 0.12% $19,460,465,097 0.94%
Slovakia $2,893,893,417 0.12% $5,967,430,429 0.29%
Yemen $2,821,133,582 0.11% $864,442,164 0.04%
North Korea $2,588,886,470 0.10% $215,519,182 0.01%
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Libya $2,453,887,188 0.10% $4,765,665,081 0.23%

Qatar $2,409,266,490 0.10% $8,688,789,573 0.42%
Guatemala $2,401,423,182 0.10% $193,016,638 0.01%
Dominican Republic $2,393,010,537 0.10% $471,556,063 0.02%
Marshall Islands $2,384,715,310 0.10% $45,068,960 0.00%
Ethiopia $2,322,761,075 0.09% $343,910,798 0.02%
Sudan $2,292,123,281 0.09% $740,419,527 0.04%
Senegal $2,212,615,262 0.09% $300,981,829 0.01%
Djibouti $2,210,291,000 0.09% $20,136,186 0.00%
Benin $2,155,750,008 0.09% $154,356,415 0.01%
Togo $2,131,523,859 0.09% $180,431,633 0.01%
Democratic Republic of the
Congo $2,077,308,147 0.08% $4,436,612,965 0.21%
Angola $2,057,494,838 0.08% $23,308,304,634 1.13%
Cote d'Ivoire $2,044,093,784 0.08% $460,758,618 0.02%
Mozambique $1,956,814,352 0.08% $711,718,696 0.03%
Uruguay $1,949,786,812 0.08% $2,968,171,426 0.14%
Mongolia $1,830,213,579 0.07% $6,266,587,936 0.30%
Laos $1,787,923,756 0.07% $2,159,565,526 0.10%
Belarus $1,777,675,933 0.07% $914,628,277 0.04%
Guinea $1,718,196,101 0.07% $2,504,860,261 0.12%
Lithuania $1,681,946,991 0.07% $436,794,029 0.02%
Cameroon $1,676,311,126 0.07% $1,015,043,061 0.05%
Lebanon $1,676,014,428 0.07% $25,994,465 0.00%
Tajikistan $1,612,376,344 0.06% $84,490,493 0.00%
Luxembourg $1,546,652,143 0.06% $282,319,685 0.01%
Bulgaria $1,546,266,108 0.06% $1,163,231,220 0.06%
Venezuela $1,539,865,613 0.06% $4,788,365,291 0.23%
Costa Rica $1,518,533,394 0.06% $720,417,073 0.03%
Bahrain $1,487,764,831 0.06% $195,653,654 0.01%
Nepal $1,483,416,760 0.06% $33,517,773 0.00%
Paraguay $1,431,003,038 0.06% $16,572,584 0.00%
Georgia $1,400,271,994 0.06% $81,093,330 0.00%
Croatia $1,386,437,588 0.06% $145,386,789 0.01%
Tunisia $1,365,185,461 0.05% $208,769,535 0.01%
Syria $1,315,798,683 0.05% $1,399,253 0.00%
Malta $1,156,398,956 0.05% $358,581,866 0.02%
Latvia $1,078,372,001 0.04% $195,650,989 0.01%
Madagascar $1,073,076,996 0.04% $204,556,564 0.01%
Mauritania $1,026,409,844 0.04% $915,854,545 0.04%
Serbia $1,025,170,854 0.04% $362,744,706 0.02%
El Salvador $1,001,324,172 0.04% $113,267,801 0.01%
Zambia $970,302,724 0.04% $3,298,462,198 0.16%
Honduras $940,485,183 0.04% $31,780,323 0.00%
Estonia $915,839,901 0.04% $299,411,970 0.01%
 9

Bolivia $854,028,009 0.03% $324,116,462 0.02%

Mauritius $804,583,630 0.03% $38,861,698 0.00%
Papua New Guinea $801,930,720 0.03% $3,064,926,628 0.15%
Cuba $790,429,919 0.03% $491,944,276 0.02%
Uganda $741,309,691 0.03% $42,278,151 0.00%
Somalia $732,058,352 0.03% $18,637,689 0.00%
Jamaica $670,393,367 0.03% $29,254,936 0.00%
Brunei $649,638,032 0.03% $451,362,465 0.02%
Azerbaijan $617,034,670 0.02% $860,156,556 0.04%
Afghanistan $600,997,504 0.02% $29,287,874 0.00%
Albania $598,524,137 0.02% $103,782,645 0.01%
Cyprus $575,625,135 0.02% $57,606,071 0.00%
Haiti $561,067,763 0.02% $4,488,345 0.00%
The Gambia $512,672,640 0.02% $71,443,478 0.00%
Nicaragua $501,836,118 0.02% $45,551,505 0.00%
Mali $435,545,226 0.02% $160,643,783 0.01%
Republic of Congo $434,929,726 0.02% $5,934,470,091 0.29%
Turkmenistan $431,024,191 0.02% $8,685,697,798 0.42%
Gabon $377,221,092 0.02% $4,612,508,259 0.22%
Zimbabwe $368,352,751 0.01% $974,025,219 0.05%
Trinidad and Tobago $363,466,665 0.01% $682,025,114 0.03%
Bahamas $355,614,373 0.01% $78,588,940 0.00%
Fiji $350,249,553 0.01% $14,403,106 0.00%
Maldives $342,003,419 0.01% $33,715,591 0.00%
Sierra Leone $313,687,402 0.01% $197,454,926 0.01%
Botswana $302,211,604 0.01% $17,130,262 0.00%
Niger $288,822,685 0.01% $223,868,036 0.01%
Chad $278,768,729 0.01% $439,826,679 0.02%
Guyana $273,030,669 0.01% $45,985,991 0.00%
Rwanda $264,785,882 0.01% $35,063,293 0.00%
Burkina Faso $261,486,916 0.01% $59,957,108 0.00%
Malawi $260,095,242 0.01% $15,708,173 0.00%
Suriname $234,716,851 0.01% $53,512,973 0.00%
Armenia $220,340,582 0.01% $538,931,667 0.03%
Namibia $200,886,096 0.01% $511,605,669 0.02%
Barbados $155,687,676 0.01% $20,262,090 0.00%
Timor-Leste $143,578,816 0.01% $24,560,945 0.00%
North Macedonia $131,928,003 0.01% $148,704,731 0.01%
South Sudan $122,630,036 0.00% $1,510,937,925 0.07%
Moldova $119,532,427 0.00% $46,725,977 0.00%
Belize $116,803,102 0.00% $149,011 0.00%
Montenegro $113,761,911 0.00% $43,304,791 0.00%
Bosnia and Herzegovina $113,614,402 0.00% $77,040,489 0.00%
Equatorial Guinea $113,297,021 0.00% $1,723,012,432 0.08%
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Iceland $113,072,089 0.00% $142,632,270 0.01%

Solomon Islands $98,566,555 0.00% $461,733,375 0.02%
Samoa $87,949,345 0.00% $442,942 0.00%
Vanuatu $76,761,133 0.00% $14,655,171 0.00%
Comoros $73,680,886 0.00% $31,714 0.00%
Lesotho $72,062,473 0.00% $31,273,182 0.00%
Antigua and Barbuda $71,883,401 0.00% $73,186 0.00%
Burundi $66,387,083 0.00% $12,944,585 0.00%
Seychelles $65,307,887 0.00% $68,075 0.00%
Cabo Verde $63,419,044 0.00% $28,583 0.00%
Eritrea $48,607,578 0.00% $209,891,680 0.01%
Eswatini $42,469,159 0.00% $765,659 0.00%
Aruba $38,884,930 0.00% $55,708 0.00%
Cayman Islands $38,325,723 0.00% $82,464 0.00%
Bermuda $36,832,194 0.00% $8,454 0.00%
Dominica $33,895,544 0.00% $476,594 0.00%
Guinea-Bissau $31,923,561 0.00% $8,402,290 0.00%
Tonga $29,475,288 0.00% $130,069 0.00%
Central African Republic $25,660,666 0.00% $36,201,783 0.00%
Tuvalu $21,737,475 0.00% $26,423 0.00%
Saint Lucia $21,519,169 0.00% $187,522 0.00%
Saint Vincent and the
Grenadines $21,313,216 0.00% $1,252 0.00%
Kiribati $20,208,478 0.00% $1,919,003 0.00%
Federated States of
Micronesia $18,739,197 0.00% $12,574,564 0.00%
Palau $18,674,644 0.00% $58,814 0.00%
Grenada $14,567,002 0.00% $2,406 0.00%
Bhutan $10,804,752 0.00% $46,271 0.00%
Saint Kitts and Nevis $9,707,266 0.00% $362,769 0.00%
Sao Tome and Principe $8,921,015 0.00% $13,623 0.00%
San Marino $3,795,043 0.00% $3,292,023 0.00%
Turks and Caicos Islands $3,022,551 0.00% $5,285 0.00%
Andorra $2,369,482 0.00% $199,605 0.00%
Nauru $1,221,738 0.00% $23,450 0.00%
Holy See $6,033 0.00% $31,826 0.00%

A major trading partner is one whose export trade is above 1% in relation to a particular country.

China’s major trading partners are the US at 16.8%, Hongkong at 11.6%, Japan at 5.73%, South

Korea at 4.44%, Vietnam at 3.92%, Germany at 3.19%, India at 3%, Netherland at 2.96%, UK

at 2.95% and Singapore at 2.25%.

 11

Explaining trade patterns

China is the number of exporter of goods and services across the world. The major exports from

China were electrical machinery at 26.9%, industrial machinery at 16.7%, Furniture at 3.93%

and plastics at 3.38%. China has trade relationships with almost every country in the world. The

top trading partner is the United States. China exported goods worth more than $400 billion to

the US whereas it imported goods worth $123 billion from the US. China play a crucial role in

the manufacturing industry. Majority of the Electrical and Industrial machinery is manufactured

from China.