All maps, graphics, flags, photos and original descriptions © 2020 worldatlas.com, The World’s Largest Oil Reserves By Country, Top Cotton Producing Countries In The World. Learn how your comment data is processed. $204.6 billion or 9.6% of its overall imports. The five most exported products within this category are computers (8.8%), broadcasting equipment (6.6%), telephones (4.5%), integrated circuits (2.6%), and office machine parts (2%). China incurred the highest trade surpluses at the expense of the following countries. We want to hear from you. For September, China's imports surged 13.2% in U.S. dollar terms, according to official customs data on Tuesday. Hong Kong is the number 1 importer of telephones (28%), integrated circuits (36%), and office machine parts (26%). Sorry should have specified that the data in the second map is from 2010. China accounts for 41% of everything coming into the U.S. by ship. Overall, 10% of China’s imports come from Japan, followed by South Korea (9.3%) and in third place the United States (8.0%) according to MIT. For September, China's imports surged 13.2% in U.S. dollar terms, according to official customs data on Tuesday. Well somewhat surprisingly it’s not the United States but Japan. As Chinese economy growing so fast, China also have many trading partners in the world. March 2020 imports grew 32.5% from a year ago compared to a 7.7% average growth rate for that month. Sign up for free newsletters and get more CNBC delivered to your inbox. All Rights Reserved. The largest export category is machines, specifically electronics, which represent almost half of total exports, $1.13 trillion. Required fields are marked *. Jungle Scout is an online platform that helps locals (and foreigners) sell to the U.S. consumer and U.S. businesses directly through e-commerce platforms like Amazon. In the third quarter, China's exports rose 10.2% from a year ago to 5 trillion yuan ($742.9 billion), the agency said. China is also the biggest source of imports from countries as diverse as Russia, Australia, South Africa, Saudi Arabia, Madagascar, Sudan and North & South Korea among others. Exports rose 9.9% from a year ago — close to analysts' expectations of 10%, according to a Reuters poll. autonomous country within the Kingdom of Denmark, Capitalism in Crisis: The global economic crisis explained, Supply Chain Management – Fundamentals, Design, Operations, http://www.eurointegration.com.ua/news/2015/01/16/7029751/view_print/. China has had the most drastic year-over-year reduction in U.S. imports second only to Hong Kong, due to supply chain shifts caused by the trade war. To learn more about global trade and world supply chains have a look at the following courses: Have anything to say about world trade? Making Sense Of The World, One Map At A Time. This gave the country a trade surplus of $834 billion. Finally, the map treats each EU country separately. Top China Imports from the World. © 2020 CNBC LLC. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. However, if the EU were treated as a single economic bloc, you’d end up with the following map: Puts a very different spin on the first map and shows how important the EU is as both an economic power in it’s own right, as well as an important source of imports for many countries around the world. Get this delivered to your inbox, and more info about our products and services. I've spent 20 years as a reporter for the best in the business, including as a Brazil-based staffer for WSJ. After mineral products, machines and transportation are its next largest import categories, representing $383 billion and $117 billion respectively. You may opt-out by. However, a closer look shows that’s it the largest source of imports for Nepal, Bhutan, Tanzania, Sri Lanka, Eritrea and the United Arab Emirates. In order to fulfill the trade agreement, Washington, DC-based Peterson Institute for International Economics estimates China will need to buy a total of $172.7 billion American goods by the end of this year, as measured by China data. United States: US$295.3 billion (country-specific trade surplus in 2019) Hong Kong: $270.6 billion Netherlands: $62.7 billion India: $57 billion For example, the US is the top importer of computers (29%) and broadcasting equipment (26%). Aside from importing machines and electronics, other significant export products to the US are textiles ($39.7 billion) and miscellaneous ($43.4 billion), this category includes goods like light fixtures, stuffed animals, mattresses, and seats. All proof that Russia IS the natural primary source of goods for Ukraine. Who imports the most from whom? During this time, it experienced an annual growth rate of 10%. Top 10 Chinese Imports from South Korea. When those three intertwined markets are counted as one — 50.2% of everything we import by merchant marine vessel comes to us from those three countries. 'China developed a network of economic relations with both the industrial economies and those constituting the semi-periphery and periphery of the world system.' China's exports to the U.S. over the first nine months of the year rose 1.8% to 2.18 trillion yuan, while imports rose 2.8% to 640.86 billion yuan, or about $95 billion. Two other regional economic powers are worth mentioning. The second and third largest export products, after machines and electronics, going to Hong Kong are precious metals ($17.8 billion) and textiles ($16.5 billion). Major suppliers of this product are Other Asia (49%), South Korea (16%), and Japan (6.5%). Opinions expressed by Forbes Contributors are their own. But not correct for Ukraine: in 2014 we imported from EU more than from Russia (and exported more to EU than to Russia) http://www.eurointegration.com.ua/news/2015/01/16/7029751/view_print/. Leave a comment below: Filed Under: World Maps Tagged With: trade, Great map! The country imported and exported a record amount of goods in yuan-denominated terms in September, Reuters reported Tuesday, citing a spokesperson for the national customs agency. China was the first country affected by the pandemic, and has since become the first major economy to resume most business activity. That was far above the 0.3% predicted by … Imports of Agricultural Products in China averaged 11063925.29 USD THO from 2014 until 2020, reaching an all time high of 24659000 USD THO in February of 2020 and a record low of 6090052 USD THO in February of 2016. © 2020 Forbes Media LLC. Workers stand at the port of Qingdao, Shandong province, China June 10, 2019. And while the United States may not be the biggest source of imports for any east Asian nation besides the Philippines, it dominates North America, being the biggest source of imports for both Canada and Mexico. Former holder of the FINRA Series 7 and 66. The largest export category is machines, specifically electronics, which represent almost half of total exports, $1.13 trillion. China Imports By Country Value Year South Korea $204.57B 2018 Japan $180.40B 2018 United States $156.00B 2018 China $146 Germany China’s top three import partners are South Korea ($142 billion, or 9.3%), the US ($134 billion, or 8.8%), and Other Asia ($131 billion, or 8.6%).
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