Annual International Trade Statistics by Country (HS)
Publication date: 2023-05-14
Reporting period: 2002 - 2022
Timeseries: 194 million
Source:TrendEconomy
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| Commodity | Reporter | Partner | Trade flow | Indicator | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 |
| TOTAL. ALL COMMODITIES | China | World | Exports | Value (US$) | 1,898,388,434,783.00 | 2,048,782,233,084.00 | 2,209,007,280,259.00 | 2,342,292,696,320.00 | 2,273,468,224,113.00 | 2,097,637,171,895.00 | 2,263,370,504,301.00 | 2,486,439,719,803.00 | 2,499,206,993,866.00 | 2,589,098,353,298.00 | 3,362,301,613,439.00 | 3,593,601,435,602.00 |
| Value Growth, YoY (%) | 20.32 | 7.92 | 7.82 | 6.03 | -2.93 | -7.73 | 7.90 | 9.85 | 0.51 | 3.59 | 29.86 | 6.87 | ||||
| Imports | Value (US$) | 1,743,394,866,363.00 | 1,818,199,227,571.00 | 1,949,992,314,705.00 | 1,959,234,625,162.00 | 1,679,564,324,560.00 | 1,587,920,688,162.00 | 1,843,792,938,795.00 | 2,133,605,397,056.00 | 2,079,285,499,197.00 | 2,069,567,864,872.00 | 2,684,362,678,517.00 | 2,715,997,517,261.00 | |||
| Value Growth, YoY (%) | 24.88 | 4.29 | 7.24 | 0.47 | -14.27 | -5.45 | 16.11 | 15.71 | -2.54 | -0.46 | 29.70 | 1.17 |
The value of merchandise exports from China totalled $ 3.59 trillion in 2022. Merchandise exports from China increased by 6.87% compared to 2021. Goods exports grew up by $ 231 billion in 2022 (the value of merchandise exports from China amounted to $3.36 trillion in 2021)
China's exports 2022 by country
Top export destinations of commodities from China in 2022:
- USA with a share of 16.2% (582 billion US$)
- 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$)
- Vietnam with a share of 4.08% (146 billion US$)
- India with a share of 3.29% (118 billion US$)
- Netherlands with a share of 3.27% (117 billion US$)
- Germany with a share of 3.23% (116 billion US$)
- Malaysia with a share of 2.6% (93 billion US$)
- Other Asia, nes with a share of 2.27% (81 billion US$)
Exports structure from China in 2022 represented by the following main commodity groups:
- 26% (954 billion US$): 85 - Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles
- 15.3% (551 billion US$): 84 - Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof
- 4.18% (150 billion US$): 87 - Vehicles other than railway or tramway rolling stock, and parts and accessories thereof
- 3.99% (143 billion US$): 39 - Plastics and articles thereof
- 3.64% (130 billion US$): 94 - Furniture; bedding, mattresses, mattress supports, cushions and similar stuffed furnishings; lamps and lighting fittings, n.e.s.; illuminated signs, illuminated name-plates and the like; prefabricated buildings
- 3.06% (110 billion US$): 73 - Articles of iron or steel
- 2.87% (103 billion US$): 95 - Toys, games and sports requisites; parts and accessories thereof
- 2.83% (101 billion US$): 29 - Organic chemicals
- 2.53% (90 billion US$): 61 - Articles of apparel and clothing accessories, knitted or crocheted
- 2.15% (77 billion US$): 72 - Iron and steel
What did China export in 2022?
China's Top Exports in 2022:
- 6.62% ($238 billion): 8517 - Electrical apparatus for line telephony or line telegraphy, including line telephone sets with cordless handsets and telecommunication apparatus for carrier-current line systems or for digital line systems; videophones
- 5.22% ($187 billion): 8471 - Automatic data processing machines and units thereof; magnetic or optical readers, machines for transcribing data onto data media in coded form and machines for processing such data, not elsewhere specified or included
- 4.29% ($154 billion): 8542 - Electronic integrated circuits and microassemblies
- 1.83% ($65 billion): 8541 - Semiconductor devices (e.g. diodes, transistors, semiconductor based transducers); including photovoltaic cells assembled or not in modules or panels, light-emitting diodes (LED) assembled with other LEDs or not, mounted piezo-electric crystals
- 1.59% ($57 billion): 8507 - Electric accumulators, including separators therefor, whether or not rectangular (including square)
- 1.38% ($49 billion): 8708 - Parts and accessories of the motor vehicles of headings 87.01 to 87.05
- 1.34% ($48 billion): 9503 - Other toys; reduced-size (scale) models and similar recreational models, working or not; puzzles of all kinds
- 1.34% ($48 billion): 2710 - Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils
- 1.32% ($47 billion): 8504 - Electrical transformers, static converters (for example, rectifiers) and inductors
- 1.28% ($46 billion): 9405 - Luminaires and light fittings; including searchlights, spotlights and parts thereof, n.e.s.; illuminated signs, name-plates and the like, having permanently fixed light source and parts thereof n.e.s. or included
The value of merchandise imports to China totalled $ 2.71 trillion in 2022. Merchandise imports to China increased by 1.17% compared to 2021. Goods imports grew up by $ 31 billion in 2022 (the value of merchandise imports to China was equal to $2.68 trillion in 2021)
China's imports 2022 by country
Top trading partners (import sources) of China in 2022:
- Other Asia, nes with a share of 8.76% (238 billion US$)
- Korea with a share of 7.35% (199 billion US$)
- Japan with a share of 6.79% (184 billion US$)
- USA with a share of 6.58% (178 billion US$)
- Australia with a share of 5.23% (142 billion US$)
- China with a share of 4.52% (122 billion US$)
- Russia with a share of 4.2% (114 billion US$)
- Germany with a share of 4.1% (111 billion US$)
- Malaysia with a share of 4.04% (109 billion US$)
- Brazil with a share of 4.03% (109 billion US$)
Imports structure to China in 2022 represented by the following main commodity groups:
- 23% (644 billion US$): 85 - Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles
- 19.7% (535 billion US$): 27 - Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes
- 8.27% (224 billion US$): 26 - Ores, slag and ash
- 7.44% (202 billion US$): 84 - Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof
- 3.81% (103 billion US$): 71 - Natural or cultured pearls, precious or semi-precious stones, precious metals, metals clad with precious metal and articles thereof; imitation jewelry; coin
- 3.02% (82 billion US$): 90 - Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof
- 2.97% (80 billion US$): 87 - Vehicles other than railway or tramway rolling stock, and parts and accessories thereof
- 2.76% (75 billion US$): 39 - Plastics and articles thereof
- 2.52% (68 billion US$): 74 - Copper and articles thereof
- 2.52% (68 billion US$): 12 - Oil seeds and oleaginous fruits; miscellaneous grains, seeds and fruits; industrial or medicinal plants; straw and fodder
What did China import in 2022?
China's Top Imports in 2022:
- 15.3% ($416 billion): 8542 - Electronic integrated circuits and microassemblies
- 13.4% ($365 billion): 2709 - Petroleum oils and oils obtained from bituminous minerals, crude
- 4.71% ($128 billion): 2601 - Iron ores and concentrates, including roasted iron pyrites
- 3.34% ($90 billion): 2711 - Petroleum gases and other gaseous hydrocarbons
- 2.82% ($76 billion): 7108 - Gold (including gold plated with platinum) unwrought or in semi-manufactured forms, or in powder form
- 2.25% ($61 billion): 1201 - Soya beans, whether or not broken
- 2.07% ($56 billion): 2603 - Copper ores and concentrates
- 1.92% ($52 billion): 8703 - Motor cars and other motor vehicles principally designed for the transport of persons (other than those of heading 87.02), including station wagons and racing cars
- 1.46% ($39 billion): 8524 - Flat panel display modules, whether or not incorporating touch-sensitive screens
- 1.36% ($37 billion): 7403 - Refined copper and copper alloys, unwrought.
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As an expert in international trade statistics, I bring a wealth of knowledge and experience to dissect the intricate details of the Annual International Trade Statistics by Country (HS) report for the year 2022. The data, published on May 14, 2023, provides a comprehensive overview of global trade dynamics, focusing on China as a key player. The source of this invaluable information is TrendEconomy, a reputable platform known for its reliable and up-to-date economic data.
The reporting period spans from 2002 to 2022, offering a robust timeseries dataset of 194 million records. This extensive range enables a thorough analysis of trade trends over the past two decades, allowing for insightful comparisons and trend identification.
Let's delve into the key concepts and components of the provided data:
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Time Period and Reporting Entities:
- Time Period: The report covers the period from 2002 to 2022, facilitating a long-term analysis of trade trends.
- Reporter: China is the focal point of the report, serving as the primary entity under scrutiny.
- Trade Flow: The data encompasses both exports and imports, shedding light on the dynamics of goods movement.
- Partner: The report details trade interactions with various partner countries.
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Trade Indicators:
- Value (US$): The monetary value of exports and imports is provided, enabling a quantitative assessment of trade performance.
- Value Growth, YoY (%): Year-on-year growth percentages offer insights into the annual changes in trade value.
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Export and Import Structure:
- Export Destinations: The report outlines China's top export destinations in 2022, showcasing the share of each country in total exports.
- Commodity Groups: The data categorizes exports into specific commodity groups, revealing the diversification of China's export portfolio.
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Top Exports in 2022:
- The report highlights the top export categories, emphasizing the percentage contribution of each to the total export value.
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Import Origins:
- The report identifies the top trading partners (import sources) for China in 2022, showcasing the distribution of imports among various countries.
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Top Imports in 2022:
- Specific import categories are detailed, emphasizing the percentage contribution of each to the total import value.
The provided data indicates that China's merchandise exports in 2022 totaled $3.59 trillion, witnessing a growth of 6.87% compared to the previous year. The top export destinations included the USA, Hong Kong, Japan, Korea, and Vietnam. Electrical machinery, nuclear reactors, and vehicles were among the key export commodities.
On the import side, China received merchandise worth $2.71 trillion in 2022, reflecting a 1.17% increase from 2021. Major import origins included Other Asia, Korea, Japan, and the USA. Notable import categories comprised electronic integrated circuits, petroleum oils, and iron ores.
In conclusion, this data-rich report serves as a valuable resource for understanding China's trade dynamics, offering a nuanced perspective on both export and import activities. The depth and breadth of information provided by TrendEconomy make it an indispensable tool for policymakers, analysts, and businesses seeking to navigate the complex landscape of international trade.
