China’s Top Trading Partners in 2023-24: A Comprehensive Overview
China is home to 17% of the world's population, making it the biggest consumer of many goods and commodities. Due to its large workforce, China produces numerous products in vast quantities, allowing it to meet much of its domestic demand and export the surplus to other countries. Conversely, China is one of the top importers of many products.
In this blog, we will discuss China’s top trading partners, which help China maintain its exports and imports. Additionally, we will overview China's top export and import partners.
China Customs Database Overview
China Import Export Data
According to the China export data, total exports from China stood at US$ 3.73 trillion in 2023-24. China is the world's largest exporter. The top exports of China in 2023-24 include:
Broadcasting equipment ($276 billion)
Integrated Circuits ($215 billion)
Computers ($214 billion)
Office machine parts ($118 billion)
Semiconductor Devices ($74 billion)
According to China customs data, total imports into China stood at US$ 2.16 trillion in 2023-24. China is the world's second-largest importer. The top imports of China in 2023-24 include:
Crude petroleum ($290 billion)
Integrated circuits ($235 billion)
Iron ore ($108 billion)
Petroleum gas ($76 billion)
Gold ($70 billion)
Top 10 Trading Partners of China
Here is the list of the top trading partners of China:
United States
Japan
South Korea
Hong Kong
Taiwan
Russia
Vietnam
Australia
Germany
Malaysia
Detailed Overview of China’s Top Trading Partners in 2023-24
United States: The United States is China’s top trading partner, with a total trade volume of over US$ 664.5 billion in 2023-24. The US is a major supplier of soybeans, integrated circuits, and crude petroleum to China. China’s main exports to the US include broadcasting equipment, computers, and office machine parts.
Japan: Japan is China's second-largest trading partner, with a total trade volume of US$ 310.8 billion in 2023-24. China’s main exports to Japan include cement, headgear, and copper. China’s main imports from Japan include machines, textiles, and chemical products.
South Korea: South Korea ranks third among China’s top trading partners, with a total trade volume of US$ 310.7 billion in 2023-24. The main exports from China to South Korea include iron, steel, plastic, and machinery. China’s main imports from South Korea include integrated circuits, cyclic hydrocarbons, and broadcasting equipment.
Hong Kong: Hong Kong is the fourth-largest trading partner of China, with a total trade volume of over US$ 288.2 billion in 2023-24. Hong Kong is a major importer of China's goods, including gas turbines, gold, and pitted fruits. The primary exports from China to Hong Kong are broadcasting equipment, integrated circuits, and office machine parts.
Taiwan: Taiwan is the fifth-largest trading partner of China, with a total trade volume of US$ 267.8 billion in 2023-24. The main exports from China to Taiwan include broadcasting equipment, integrated circuits, and office machine parts. China’s main imports from Taiwan include machinery, electronics, metals, and rubbers.
Russia: Russia is China's sixth-largest trading partner, with a total trade volume of US$ 240.1 billion in 2023-24. The main exports from China to Russia include computers, giant construction vehicles, and broadcasting equipment. China’s main imports from Russia include petroleum gas, crude petroleum, and coal briquettes.
Vietnam: Vietnam is China's seventh-biggest trading partner, with a total trade volume of US$ 229.8 billion in 2023-24. The main exports from China to Vietnam include silk, vegetable fat oil, and nickel. China’s main imports from Vietnam include telephones, broadcasting equipment, and integrated circuits.
Australia: Australia ranks eighth among China’s top trading partners, with a total trade volume of US$ 229.1 billion in 2023-24. The main exports from China to Australia include electronic circuits, shipping containers, and semi-trailers. China’s main imports from Australia include iron ore, gas, and oil.
Germany: Germany is the ninth-largest trading partner of China, with a total trade volume of US$ 206.8 billion in 2023-24. China’s primary exports to Germany include broadcasting equipment, integrated circuits, and office machine parts. China’s main imports from Germany include machinery, electronics, metals, and rubbers.
Malaysia: Malaysia is the tenth-largest trading partner of China, with a total trade volume of US$ 190.2 billion in 2023-24. The main exports from China to Malaysia include refined petroleum, printed circuit boards, and integrated circuits. China’s main imports from Malaysia include machinery, electronics, and chemical products.
China’s Top Export Partners
Here is the list of China exporting countries:
United States
Hong Kong
Japan
South Korea
Vietnam
India
Russia
Germany
Netherlands
Malaysia
According to the China export database. The United States is a top China export partner. In 2023-24, China exported goods worth around US$ 500 billion to the US. China is the largest export partner, followed by Hong Kong and Japan.
China’s Top Import Partners
Here is the list of China’s largest import partners:
Taiwan
United States
South Korea
Japan
Australia
Russia
Brazil
Germany
Malaysia
Vietnam
According to China import export data for 2023-24, Taiwan is the biggest China import partner. Taiwan exported goods worth US$ 199.3 billion to China in 2023-24.
How to Get Global Trade Data?
Since globalization, trade between countries has increased rapidly. To enter the international market, traders must obtain global trade data to understand the latest market trends and statistics related to top exporting and importing countries. Seair Exim Solutions provides easy-to-use trade data for 130+ countries with just one subscription.
Wind Up!
China is one of the world’s largest economies. It is rich in resources and has a large population, making it the top exporter and importer globally. Many traders need global trade data or global trade insights. For specific data country-wise, product-wise, and HS Codes, connect with us on our extensive dashboard at Seair Exim Solutions.
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