Since 2014, China is not only the world’s largest exporter, but also the largest trading nation in terms of the sum of its exports and imports. In 2019, China’s trade surplus stood at around 422 billion U.S. dollars and its exports of goods totaled a record high of almost 2.5 trillion U.S. dollars.
Which country is largest exporter in the world?
Top 20 export countries worldwide in 2019 (in billion U.S. dollars)
| Exports in billion U.S. dollars | |
|---|---|
| China | 2,499.03 |
| United States of America | 1,645.63 |
| Germany | 1,489.16 |
| Netherlands | 709.23 |
Why China is the biggest exporter in the world?
China had a large number of dominant industries that created products and materials for export. The most prominent goods among the finished products exported from China were consumer electronics, data processing technologies, clothing, other textiles, optical gear, and medical equipment.
What is China’s largest export?
Searchable List of China’s Most Valuable Export Products
| Rank | China’s Export Product | 2019 Value (US$) |
|---|---|---|
| 1 | Phone system devices including smartphones | $224,069,819,000 |
| 2 | Computers, optical readers | $148,463,426,000 |
| 3 | Integrated circuits/microassemblies | $102,187,884,000 |
| 4 | Processed petroleum oils | $38,345,208,000 |
Which country exports the most from China?
List of largest trading partners of China
| No. | Country / Region | Exports |
|---|---|---|
| Total | 2,263.3 | |
| 1 | United States | 429.7 |
| 2 | European Union | 375.1 |
| 3 | Japan | 137.2 |
Which country is No 1 in beef export?
Brazil is forecast to be the biggest exporter of beef and veal in the world in 2020. Despite alreading being the biggest exporter of the meat, Brazil was also one of the countries growing its exports the strongest, together with Argentina.
Who is the richest country in the world?
United States is the richest country in the world, and it has the biggest wealth gap. The United States led the world in growth of financial assets last year thanks to tax cuts and booming stock markets, but its distribution of wealth was more unequal than in any other country, according to a study published Wednesday.
Who is China’s biggest importer?
Searchable Datalist of Countries Consuming China’s Exports
| Rank | Importer | 2018-9 |
|---|---|---|
| 1. | United States | -12.7% |
| 2. | Hong Kong | -7.7% |
| 3. | Japan | -2.7% |
| 4. | South Korea | +1.8% |
What is China’s main export to the US?
The top goods exported from China to the U.S. and their total values for 2018 were electrical machinery ($152 billion), machinery ($117 billion), furniture and bedding ($35 billion), toys and sports equipment ($27 billion), and plastics ($19 billion).
What are China’s top 5 exports?
Exports: The top exports of China are Broadcasting Equipment ($208B), Computers ($141B), Integrated Circuits ($108B), Office Machine Parts ($82.7B), and Telephones ($54.8B), exporting mostly to United States ($429B), Hong Kong ($268B), Japan ($152B), South Korea ($108B), and Germany ($96.9B).
Does China rely on the US?
But various data suggest that such a process may be challenging as the two economies have grown more connected over the years. The U.S. and China have been major trading partners for years, and they rely on each other’s supply chain for input into goods and services consumed within their borders.
What are the top 3 Imports of China?
Searchable List of China’s Most Valuable Import Products
| Rank | China’s Import Product | 2018 Value (US$) |
|---|---|---|
| 1 | Integrated circuits/microassemblies | $312.7 billion |
| 2 | Crude oil | $239.2 billion |
| 3 | Iron ores, concentrates | $75 billion |
| 4 | Petroleum gases | $50 billion |
What is US biggest export?
Services are the biggest US export, with total foreign sales of $778 billion last year. … These are the service industries that bring in the most money: Travel and transportation: $236 billion.
What food does the US get from China?
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.
What is the most imported item from China?
China’s Top Imports
- Crude petroleum – $208 billion.
- Iron ore – $59.2 billion.
- Petroleum gas – $44.2 billion.
- Gold – $36.9 billion.
- Soybeans – $33,8 billion.
6 нояб. 2020 г.
How much of our goods come from China?
U.S. goods imports from China totaled $451.7 billion in 2019, down 16.2% ($87.6 billion) from 2018, but up 52.4% from 2009. U.S. goods imports from China are up 342% from 2001 (pre-WTO accession). U.S. goods imports from China account for 18.1% of overall U.S. goods imports in 2019.