China Trade Summary 2021

2021

China exports, imports, tariff by year.

Country and Region

Year

Imports/Exports

Products

TRADE SUMMARY FOR CHINA 2021

Overall Exports and Imports for China 2021

Exports and imports of China in 2021 are below, along with number of countries and products

The total value of exports (FoB) was 3,362,302 million.
The total value of imports (CIF) was 2,684,363 million.
At the HS6 digit level, 4,398 products were exported to 214 countries and 4,391 products were imported from 215 countries.

China top 5 Export and Import partners 2021

Top five countries to which China exported in 2021 are below, along with the percent of total exports that went to that country:

China exports to United States worth US$ 577,125 million, with a partner share of 17.16 percent.
China exports to Hong Kong, China worth US$ 349,442 million, with a partner share of 10.39 percent.
China exports to Japan worth US$ 165,823 million, with a partner share of 4.93 percent.
China exports to Korea, Rep. worth US$ 148,847 million, with a partner share of 4.43 percent.
China exports to Vietnam worth US$ 137,905 million, with a partner share of 4.10 percent.

Top five countries from which China imported goods in 2021 are below, along with percent of total imports that came from the country :

China imports from Other Asia, nes worth US$ 249,877 million, with a partner share of 9.31 percent.
China imports from Korea, Rep. worth US$ 213,445 million, with a partner share of 7.95 percent.
China imports from Japan worth US$ 205,524 million, with a partner share of 7.66 percent.
China imports from United States worth US$ 180,972 million, with a partner share of 6.74 percent.
China imports from Australia worth US$ 163,730 million, with a partner share of 6.10 percent.

China Top 5 Productsexports imports at HS 6 digit level 2021

The top five exported HS 6 digit level products to world by China along with trade value are:

China exported Transmission apparatus, for radioteleph incorpo , worth US$ 201,248,213.21 million.
China exported Monolithic integrated circuits, digital , worth US$ 155,167,533.56 million.
China exported Storage units, whether or not presented with th , worth US$ 138,993,507.94 million.
China exported Parts and accessories of automatic data process , worth US$ 85,923,089.36 million.
China exported Parts of electrical apparatus for line telephon , worth US$ 54,591,924.23 million.

The top five imported HS 6 digit level products from world by China along with trade value are

China imported Monolithic integrated circuits, digital , worth US$ 432,886,761.57 million.
China imported Petroleum oils and oils obtained from bituminou , worth US$ 258,053,154.59 million.
China imported Non-agglomerated iron ores and concentrates , worth US$ 177,711,834.52 million.
China imported Parts and accessories of automatic data process , worth US$ 58,471,393.22 million.
China imported Copper ores and concentrates , worth US$ 56,805,657.63 million.

Exports and Imports of Product Groups 2021

Exports and imports of products by stages of processing in 2021 are below along with their corresponding Product Share as percent of total export or import

China Raw materials exports were worth US$ 47,358 million, product share of 1.41%.
China Raw materials imports were worth US$ 764,219 million, product share of 28.47%.
China Intermediate goods exports were worth US$ 582,657 million, product share of 17.33%.
China Intermediate goods imports were worth US$ 528,547 million, product share of 19.69%.
China Consumer goods exports were worth US$ 1,173,092 million, product share of 34.89%.
China Consumer goods imports were worth US$ 354,764 million, product share of 13.22%.
China Capital goods exports were worth US$ 1,521,910 million, product share of 45.26%.
China Capital goods imports were worth US$ 1,022,934 million, product share of 38.11%.

Tariffs 2021

Tariffs imposed by China in 2021 are below

The maximum rate of tariff in percentage on any product was 337.16 percent.
The simple average tariff across all products was 5.31 percent.
The trade weighted average tariff was 2.31 .
The total duty free imports in thousands of US dollars were 1,304,744,310.09 and duty free tariff line items share was 30.81 percent.

Development Indicators 2021

Key Development Indicators of China in 2021 are below

China GDP in current US dollar was 17,820,459 million.
GNI per capita, Atlas method (current US$) was 11,930.00 .
China Trade balance: as % of GDP was 2.59.
Trade balance in current US$ was 460,829.00 million.
Trade as percentage of GDP was 37.30 .
Trade in services as percentage of GDP was 4.38 .

Trade Indicators 2021

Trade Indicators for China in 2021 are below

Hirschman Herfindahl market concentration index was 0.05.
Index of export market penetration was 54.49.
World Growth in percentage was 12.59 and China Country Growth was 12.13 .

China Trade Summary 2021 | WITS (2024)