China

China is the top exporter of the world and in 2013 its value of export was 1.4 times the value of exports of USA, the second largest exporter. In 2013, the value of merchandise exports of China increased moderately by 7.8 percent to reach 2209.0 bln US$, while its merchandise imports increased moderately by 7.2 percent to reach 1950.0 bln US$ (see graph 1, table 2 and table 3). The merchandise trade balance recorded a surplus of 259.0 bln US$ (see graph 1). The largest merchandise trade balance was with MDG Developed North America at 219.8 bln US$ (see graph 4). Merchandise exports in China were diversified amongst partners; imports were also diversified. The top 24 partners accounted for 80 percent or more of exports and 22 partners accounted for 80 percent or more of imports (see graph 5). In 2012, the value of exports of services of China increased slightly by 2.9 percent, reaching 191.4 bln US$, while its imports of services increased substantially by 13.5 percent and reached 281.2 bln US$ (see graph 2). The trade in services deficit grew to 89.8 bln US$ from 61.6 bln US$ in 2011.

Related Subject(s): International Trade and Finance

Countries: China