China Exports by Country 2023 (2024)

What Country Gets the Most Exports from China?

The country that receives the greatest amount of exports from China is the United States of America. This is probably unsurprising, given the strong economic ties between China and the United States. China exported $438 billion worth of materials and goods to the United States in 2021.

The United States received $176 billion more in exports from China in 2021 than the country that is second on this list. Hong Kong was number two in terms of China exports by country in 2021. China exported $262 billion of goods and materials to Hong Kong in 2021. Hong Kong and China are quite close geographically, so this is also what you might expect.

Japan Received the Third-Most Exports from China in 2021

Those who know the history of the relationship between the nation of Japan and the nation of China know that there has been quite a bit of conflict between the two countries over the years. Japan even invaded China during the 1930s. However, in 2021, Japan was the third-largest importer of Chinese goods. China exported $151 billion of goods to the nation of Japan in 2021. Exports to Japan are one reason why China is consistently one of the top exporters in the world.

Germany and South Korea Round Out the Top Five Chinese Importers

Germany ranked fourth in China exports by country in 2021. China exported $112 billion of goods to Germany in 2021. On a related note, China exported $110 billion of goods to South Korea in 2021.

The top Chinese exports are broadcasting equipment, computers, and integrated circuits. In fact, China exported $223 billion worth of broadcasting equipment alone in 2021. China also exported $156 billion worth of computers in 2021. China made $86.8 billion in office machine parts exports in 2021, too.

China Is Also One of the Biggest Importers in the World

China imports quite a bit each year, as well. The most recent data is from 2020 and China was #2 in total imports in 2020. China was also the #1 importer of crude petroleum in 2020. China imported a total of $150 billion of crude petroleum in 2020.

Currently, China's top imports are crude petroleum, integrated circuits, iron ore, and cars. The largest exporter to China is the nation of Japan. The United States of America is the third-largest exporter to China, ranking behind only Japan and South Korea in that respect.

China Exports by Country 2023 (2024)

FAQs

What is the trade balance in China 2023? ›

In April 2023, the trade surplus in China amounted to approximately 90.21 billion U.S. dollars. A positive value implies a trade surplus, a negative trade balance implies a trade deficit. China surpassed the United States as the worlds' largest goods trading economy in 2013.

What percentage of China's exports are by country? ›

China's exports 2022 by country

Hong Kong with a share of 8.27% (297 billion US$) Japan with a share of 4.81% (172 billion US$) Korea with a share of 4.52% (162 billion US$) Vietnam with a share of 4.08% (146 billion US$)

What if the US stopped buying from China? ›

Answer and Explanation: It is unlikely that China's economy will collapse if U.S. stops buying Chinese goods. Trade is an important part of any economy, and a very important part of China's economy. According to the World Bank, exports account for 20% of China's gross domestic product.

Are US imports from China falling faster than from other countries? ›

Imports from China fell faster: by 18% or 83,396 TEUs. Chinese volumes accounted for 40% of all U.S. imports in August, and an even higher share — 42% — February. Last month, its share of U.S. imports was down to 35%.

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