Many countries rely on exports and imports to trade goods and services. This helps in economic welfare and growth. Learn more about the Canada exports and why they are important to the country’s economy.
China is the world’s greatest exporter of computers, broadcasting equipment, telephones, office machine parts, insulated wire, video displays, rubber tires, low-voltage protection equipment, valves and semiconductor devices. Other major exports include electrical transformers, furniture, knit sweaters, trunks and cases, video displays, vehicle parts, seats, insulated wire and video recording equipment.
Other major imports of China include soybeans, refined petroleum, LCDs, refined copper, coal briquettes, vehicle parts, computers, petroleum gas and copper ore.
China exports more to the United States than to any other country by far, almost double the total amount of exports as their next biggest importer, Hong Kong. China also exports heavily to Japan, Germany, South Korea, the United Kingdom, Mexico, France, Russia and India. Most of China’s imports come from Japan, South Korea, various other Asian countries, the United States and Germany.
China exports far more than it imports on the whole. It exports almost 398 billion dollars worth of goods to the United States alone, while its combined imports from its top three trading partners only reach about 392 billion dollars.