Which countries trade with China?
- United States: US$521 billion (17.2% of China's total exports)
- Hong Kong: $313.1 billion (10.3%)
- Japan: $151.3 billion (5%)
- South Korea: $135.1 billion (4.5%)
- Vietnam: $125.8 billion (4.2%)
- Germany: $103 billion (3.4%)
- Netherlands: $91.6 billion (3%)
- India: $87.9 billion (2.9%)
A look at China's trade relationship with its 14 neighbor countries: Afghanistan, Bhutan, India, Kazakhstan, Kyrgyzstan, Laos, Myanmar, Mongolia, Nepal, North Korea, Pakistan, Russia, Tajikistan, and Vietnam.
At $20.49 trillion, the United States boasts the largest economy in the world and is China's largest trading partner. Last year, the total value of bilateral trade between the two countries was $737.1 billion, with U.S. imports from China valued at $557.9 billion and U.S. exports to China valued at $179.3 billion.
China's trade volumes with each of its five largest trading partners all increased in 2021. Its trade with the Association of Southeast Asian Nations, the European Union, Japan, and South Korea reached about 5.67 trillion yuan, 5.35 trillion yuan, 2.4 trillion yuan, and 2.34 trillion yuan.
- Electrical machinery, equipment: US$804.5 billion (26.6% of total exports)
- Machinery including computers: $492.3 billion (16.3%)
- Furniture, bedding, lighting, signs, prefabricated buildings: $126.3 billion (4.2%)
- Plastics, plastic articles: $118.1 billion (3.9%)
- Vehicles: $108.9 billion (3.6%)
The United States is the world's largest trading nation, with over $5.6 trillion in exports and imports of goods and services in 2019.
- United States: US$521 billion (17.2% of China's total exports)
- Hong Kong: $313.1 billion (10.3%)
- Japan: $151.3 billion (5%)
- South Korea: $135.1 billion (4.5%)
- Vietnam: $125.8 billion (4.2%)
- Germany: $103 billion (3.4%)
China exports to Russia machinery and electronics ($28.8 billion), followed by base metals ($5.7 billion), textiles and apparel ($5.4 billion), and vehicles, ships, and aircraft ($5.0 billion).
| Rank | Country | Total Trade |
|---|---|---|
| --- | Total, All Countries | 303.6 |
| --- | Total, Top 15 Countries | 226.5 |
| 1 | China | 51.4 |
| 2 | Canada | 44.9 |
Who is Germany's biggest trading partner?
The People's Republic of China is again Germany's main trading partner. According to preliminary results, goods worth 245.9 billion euros were traded between Germany and the People's Republic of China in 2021 (exports and imports).
The top U.S. import commodities from China are fruits and vegetables (fresh/processed), snack food, spices, and tea – the combined which accounts for nearly one-half of the total U.S. agricultural imports from China.
How much money does the U.S. owe to China? China owns roughly $1.08 trillion worth of U.S. debt. 2 This amount is subject to market fluctuations. The value will change whenever China trades Treasury securities or when the prices of those bonds change.
U.S. foreign direct investment (FDI) in China (stock) was $123.9 billion in 2020, a 9.4 percent increase from 2019. U.S. direct investment in China is led by manufacturing, wholesale trade, and finance and insurance. China's FDI in the United States (stock) was $38.0 billion in 2020, down 4.2 percent from 2019.
Presently, Russia is China's top crude oil supplier, followed by Saudi Arabia, Angola, Iraq, and Oman. The United States was the fastest growing crude oil supplier to China in 2018, up by 1,994% since 2016.
Germany, Italy, and the Netherlands—members of both the EU and NATO—were among the largest importers, with only China surpassing them. China overtook Germany as the largest importer, importing nearly 2 million barrels of discounted Russian oil per day in May—up 55% relative to a year ago.
Russia is the United States' 26th largest goods trading partner and imports from the country account for about 1% of total American imports, though Russian sources compose a much larger share of imports of key commodities.
| United Kingdom Imports from Russia | Value | Year |
|---|---|---|
| Pearls, precious stones, metals, coins | $17.42B | 2021 |
| Mineral fuels, oils, distillation products | $6.03B | 2021 |
| Wood and articles of wood, wood charcoal | $355.76M | 2021 |
| Inorganic chemicals, precious metal compound, isotope | $149.91M | 2021 |
If the U.S. is forced to sell half of its direct investments in China, that would cost American investors $25 billion a year in capital gains and up to $500 billion in GDP losses, the report said. U.S. businesses risk losing global competitiveness if sweeping policies force separation from China, the report said.
Accordingly, ceasing the production of all China-made goods would lead to an overwhelming drop in all sorts of raw material. This will cause a commodities market crash which will in turn crash all financial markets and thus cause a worldwide financial crisis that will be almost impossible to recover from.
What is China's main import?
Imports The top imports of China are Crude Petroleum ($150B), Integrated Circuits ($144B), Iron Ore ($99B), Cars ($42B), and Soybeans ($37.4B), importing mostly from Japan ($133B), South Korea ($131B), United States ($122B), Germany ($106B), and Chinese Taipei ($104B).
China has been the largest exporter of goods in the world since 2009, and total Chinese exports amounted to $2.641 trillion in 2019.
2022 rankings
In the 2022 index, New Zealand is ranked most free overall, while North Korea is last. Hong Kong was ranked most free in economic liberty, while Norway was ranked most free in the social liberty category.
Largest Importers
The United States takes home the number one spot with $2,409 billion of imports in 2017, about 13.4% of the global total. It's worth mentioning that this is $860 billion higher than the country's exports in 2017, and that the difference between the two numbers is the hotly-debated trade deficit.
- China: US$163.6 billion (21.6% of total Japanese exports)
- United States: $135.7 billion (18%)
- Taiwan: $54.4 billion (7.2%)
- South Korea: $52.5 billion (6.9%)
- Hong Kong: $35.4 billion (4.7%)
- Thailand: $33 billion (4.4%)
- Germany: $20.7 billion (2.7%)
- Singapore: $20 billion (2.6%)
ASEAN remains China's largest trade partner, accounting for 14.6 percent of China's total foreign trade in the first four months of 2022, with the EU and the US ranking second and third, according to the latest customs statistics on Monday.
India's Ministry of Commerce and Industry latest data shows that the US has become India's largest trading partner, exceeding China with bilateral trade reaching USD 119.42 billion.
China bought $7.47 billion worth of Russian energy products last month, about $1 billion more than in April, according to Bloomberg News.
China gobbled up the cheap Russian oil. Russian Urals, the benchmark for Russian crude, was down 30% by April. Chinese imports of Russian oil grew from 5.42 million tonnes in February, to 6.39 million and 6.55 million in March and April.
Ukraine exports mainly steel, coal, fuel and petroleum products, chemicals, machinery and transport equipment and grains like barley, corm and wheat. More than 60% of the exports goes to other former Soviet Republics countries with Russia, Kazkhstan and Belarus being the most important.
Who is Canada's biggest trading partner?
| Rank | Country/District | Exports |
|---|---|---|
| - | World | 1,546,273 |
| - | European Union | 283,269 |
| 1 | China | 129,894 |
| 2 | Canada | 282,265 |
- United States: US$59.9 billion (13% of total UK exports)
- Switzerland: $39.5 billion (8.6%)
- Germany: $38.8 billion (8.4%)
- Netherlands: $34.3 billion (7.5%)
- France: $25.6 billion (5.6%)
- Ireland: $22.2 billion (4.8%)
- China: $20.9 billion (4.5%)
- Belgium: $19.7 billion (4.3%)
- Machinery including computers: US$67.6 billion (14.7% of total exports)
- Gems, precious metals: $65.7 billion (14.3%)
- Vehicles: $40.1 billion (8.7%)
- Mineral fuels including oil: $33.7 billion (7.3%)
- Electrical machinery, equipment: $26.4 billion (5.7%)
- Pharmaceuticals: $23.3 billion (5.1%)
- United States. 118.68.
- France. 106.56.
- China. 95.98.
- Netherlands. 91.53.
- United Kingdom. 79.17.
- Italy. 67.89.
- Austria. 66.08.
- Poland. 65.84.
Crude oil is Russia's biggest export, accounting for $123 billion of its export revenues, data for 2019 shows. Next on the list are refined petroleum – things like petrol and diesel – at $66.2 billion, gas at $26.3 billion and coal at $17.6 billion.
The simple answer is it can't. It takes about 1 acre (half a hectare) to feed the average U.S. consumer. China only has about 0.2 acres of arable land per citizen, including fields degraded by pollution.
It supports US jobs.
While expanding foreign trade can disrupt US employment, trade with China also creates and supports a significant number of American jobs. Exports to China support nearly 900,000 US jobs, and Chinese companies invested in the United States employ over 160,000 workers.
China produces many consumer goods at lower costs than other countries can. Buyers, including those in the United States, are drawn to low prices. Most economists agree that China's competitive pricing is a result of two factors: A lower standard of living, which allows companies in China to pay lower wages to workers.
Foreign governments who have purchased U.S. treasuries include China, Japan, Brazil, Ireland, the U.K. and others. China represents 29 percent of all treasuries issued to other countries, which corresponds to $1.18 trillion. Japan holds the equivalent of $1.03 trillion in treasuries.
Who holds U.S. debt?
The public holds over $22 trillion of the national debt. 3 Foreign governments hold a large portion of the public debt, while the rest is owned by U.S. banks and investors, the Federal Reserve, state and local governments, mutual funds, pensions funds, insurance companies, and holders of savings bonds.
China's debt is more than 250 percent of GDP, higher than the United States.
BEIJING -- The U.S. is unlikely to survive without its Chinese trading partner, the world's No. 2 economy, China's top commerce official said on Saturday.
Manufacturing, services and agriculture are the largest sectors of the Chinese economy – employing the majority of the population and making the largest contributions to GDP. Since 1949, the Chinese Government has been responsible for planning and managing the national economy.
As per projections by IMF for 2021, United States is leading by $6,033 bn or 1.36 times on an exchange rate basis. The economy of China is Int. $3,982 billion or 1.18x of the US on purchasing power parity basis. According to estimates by World Bank, China's gdp was approx 11% of the US in 1960, but in 2019 it is 67%.
possible and undiscovered), the United States is at the top of the list with 264 billion barrels of recoverable oil reserves, followed by Russia with 256 billion, Saudi Arabia with 212 billion, Canada with 167 billion, Iran with 143 billion, and Brazil with 120 billion (Table 1).
| Rank | Country | Share of Global Reserves |
|---|---|---|
| #1 | Venezuela | 17.8% |
| #2 | Saudi Arabia | 17.2% |
| #3 | Canada | 9.8% |
| #4 | Iran | 9.0% |
Separately, China is set to receive approximately 880,000 bpd of Russian oil via the two East Siberia-Pacific Ocean Pipelines (ESPO) and the Kazakhstan-China pipeline under government deals, with all the three projects pumping at maximum rates, said two traders with knowledge of the matter.
In 1995, the value of China's imports and exports of goods totaled $280.9 billion or 3 percent of global trade. By 2018, its total trade in goods had jumped to $4.6 trillion or 12.4 percent of global trade. The US is the world's second-largest trader at 11.5 percent of total trade, followed by Germany at 7.7 percent.
China has become a top trading partner of over 120 countries and regions including the United States, the European Union, as well as Japan, and this shows that the country has emerged from the shadows of the pandemic and will generate strong momentum for global economic recovery.
How Much Does China owe the US?
China has steadily accumulated U.S. Treasury securities over the last few decades. As of October 2021, the Asian nation owns $1.065 trillion, or about 3.68%, of the $28.9 trillion U.S. national debt, which is more than any other foreign country except Japan.
In 2020, China's share in global trade was nearly 15 per cent, third only to the EU and the US.
