Getting To Know The Trade Strategies China Uses For Its Global Trade Business Across The World

 China Import And Export Data is an essential tool that contains crucial insights into the trade activities of this country. The customs import-export data Exim provides helps you acknowledge the modern trends and flow of the global trade markets. This allows you to form a more suitable trade strategy for your global import-export trade business.

The data Exim provides is based on factual sources of information including Import bills, Shipping bills, Invoices, and some other essential import-export trade documents needed for trade across foreign countries.

To make sure we offer you up-to-date, genuine, and most reliable customs reports, we source information from authorized sources of links which includes Chinese customs departments, Trade associations, Shipping & Logistics Companies, Port Authorities, Government Bodies, etc.

Year Wise Import-Export Trade Value and Shipment Record Data

● The total trade value of China imports in the year 2017 was recorded at $2,208.50 billion, an increase of 13.58% from 2016.

● The total trade value of China imports in the year 2018 was recorded at $2,548.88 billion, an increase of 15.41% from 2017.

● The total trade value of China imports in the year 2019 was recorded at $2,476.29 billion, a decline of 2.85% from 2018.

● The total trade value of China imports in the year 2020 was recorded at $2,357.11 billion, a decline of 4.81% from 2019.

Exports

● The total trade value of China exports in the year 2017 was recorded at $2,424.20 billion, an increase of 10.19% from 2016.

● The total trade value of China exports in the year 2018 was recorded at $2,655.59 billion, an increase of 9.55% from 2017.

● The total trade value of China exports in the year 2019 was recorded at $2,641.27 billion, a decline of 0.54% from 2018.

● The total trade value of China exports in the year 2020 was recorded at $2,723.25 billion, an increase of 3.1% from 2019.

The data we provide helps you compare prices, Taxes, and Quantity of duty of goods and services being exported and imported into the global trade market through Exim’s smartly developed tools and data.

What does China import the most?

According to China Imports And Export Data 2020 and market analysis reports, Oil Seeds $45 billion (2.2%), Organic Chemicals $45.6 billion (2.2%), Vehicles $74 billion (3.6%), Copper $48.5 billion (2.4%), Mineral Oils & Fuels $267.6 billion (13%), Electrical Machinery & Equipment $548.7 billion (26.7%), Machinery & Computers $192 billion (9.3%), Technical, Optical & Medical Apparatus $99.1 billion (4.8%), Skag, Ash & Ores $180 billion (8.8%), and Plastics & Articles of Plastics were the top imported products of China in 2020. These major import categories accounted for 76.4% of the overall shipment value of this country in 2020.

The market intelligence reports of Exim trade data help you connect with the companies that match your business profile as per the requirements of your services.

Top Trading Partners of China

Based on market intelligence reports and research data, the United States $452.6 billion (17.5%), South Korea $112.5 billion (4.3%), Germany $86.8 billion (3.4%), Hong Kong $272.7 billion (10.5%), Vietnam $113.8 billion (4.4%), India $66.7 billion (2.6%), Netherlands $79 billion (3%), Taiwan $60.1 billion (2.3%), United Kingdom $72.6 billion (2.8%), Thailand $50.5 billion (2%), Singapore $57.5 billion (2.2%), Russia $50.6 billion (2%), Malaysia $56.4 billion (2.2%), and Australia $53.5 billion (2.1%) were the top export partners of this country in 2020 as per China Import Export Data.

For more info, you can connect to us directly or visit our official website for a quick and on-point overview of your current import-export trade statistics and strategies.