Who is China's largest trading partner? (2024)

Who is China's largest trading partner?

In 2021, China major trading partner countries for exports were United States, Hong Kong, China, Japan, Korea, Rep. and Vietnam and for imports they were Other Asia, nes, Korea, Rep., Japan, United States and Australia.

Who was China's biggest trading partner?

In 2021, China major trading partner countries for exports were United States, Hong Kong, China, Japan, Korea, Rep. and Vietnam and for imports they were Other Asia, nes, Korea, Rep., Japan, United States and Australia.

Who is Russia's largest trading partner?

Major trade partners of Russia 2021, by value

In 2021, Russia's main trade partner was China, as the volume of export and import trade between the two countries reached nearly 141 billion U.S. dollars. China was the country's both leading import origin and export destination.

Who does China import the most from?

Who is USA's biggest trading partner?

What is the #1 trade export in China?

Machinery such as computers, broadcasting technology, and telephones as well as transport equipment make up the largest part of Chinese exports. This category amounted to approximately 1.69 trillion U.S. dollars in export value in 2022.

What does China buy from the United States?

In 2021, of $151.1 billion in the U.S. exports to China, the top commodity were Machinery and Mechanical Appliances (23.9% of the total U.S. exports), Agriculture (20.9%), and Chemicals, Plastics, Rubber and Leather Goods (16.6%).

Who is Canada's largest trade partner?

Canada - Market Overview. The United States and Canada enjoy the world's largest and most comprehensive trading relationship that supports millions of jobs in each country and constitutes a US$1.95 trillion bilateral trade and investment relationship.

Who is Ukraine biggest trading partners?

Trade revenue in Ukraine 2022, by partner and flow

Ukraine had the largest trade revenue with Poland, at over 12 billion U.S. dollars in 2022. China was Ukraine's second-leading trade partner, with the sum of exports from Ukraine and imports to Ukraine measured at approximately 11 billion U.S. dollars.

What is the number 1 most traded good in the world?

Which country has trade surplus with China?

Three groups of countries/economies tend to run trade surpluses with China [1]: Resource-rich commodity exporters like Saudi Arabia, Iran and Australia. Luxury goods exporters like Switzerland. Highly industrialized upstream exporters like Germany, Taiwan, South Korea and Japan.

Who is the largest exporter in the world?

CHINA. With the second-largest economy in the World, China is the leader in exports. China exported nearly $3.59 trillion worth of goods in 2022. China's major exported goods are electronics and other machinery, and major imported goods are electronics, including integrated circuits and other computer components.

What foods does China import the most?

Despite its domestic production, China has been a net importer [DOC] of agricultural products since 2004. Today, it imports more of these products—including soybeans, corn, wheat, rice, and dairy products—than any other country.

What is Mexico's main export?

Mexico's main exports are manufactured products (89 percent of total shipments) and oil and oil products (7 percent). Among manufactured products, metallic, machinery and equipment is the major category (59 percent) and automobiles account for around 29 percent of total sales.

Which country has the highest trade deficit in the world?

This statistic shows the 20 countries with the highest trade balance deficit worldwide in 2022. In 2022, the United States reported the highest trade balance deficit with approximately 1.31 trillion U.S. dollars.

Who are Mexico's main trading partners?

Mexico is heavily dependent on commercial relations with its main trading partner – the United States – which accounts for more than three-quarters of the country's exports (78.1% in 2022). Other destinations for Mexican exports include Canada (2.7%), China (1.9%), Germany (1.4%), Brazil and Japan (0.9% each).

Does China need the US more than the US needs China?

China has most of what it needs now, and what it doesn't have it can easily obtain from vendors outside the U.S. While the American market looked enticing a few decades ago, it is relatively mature, and today the newer emerging market countries have become much more interesting to Beijing.

What does China produce most?

China is the world's leading manufacturer of chemical fertilizers, cement, and steel.

What is China's most valuable export?

How much money does China owe the US?

How much does China rely on the US?

China has at least a 70% dependence on about 412 items imported from the U.S. and allied countries, at a value of roughly $47 billion annually, according to the analysis. Beijing lacks ready-made homegrown alternatives for many of the items.

What would happen if the US stopped trading with China?

As a result, if the United States and other countries were to stop trading with China, it would disrupt global supply chains and cause economic disruptions in many countries.

What does US import the most?

What does Mexico trade with the US?

In 2022, Mexico remained the second-largest source of foreign crude oil to the United States as well as the top destination for U.S. petroleum product exports and U.S. natural gas. Other top U.S. exports to Mexico include machinery, electrical machinery, vehicles, mineral fuels, and plastics.

Where does the United States import the most goods from?

U.S. goods imports from the world totaled $3.2 trillion in 2022, up 14.6 percent ($413.7 billion) from 2021. China was the top supplier of goods to the United States, accounting for 16.5 percent of total goods imports.