THE PRESENCE OF CHINA IN FOREIGN TRADE
Did you know that China is the biggest trading partner in the world? Since its trade opening in the 1980s, the country has been gaining more and more participation in the world economy, having even surpassed the USA.
Learn the main Chinese trade balance and foreign trade data.
- Chinese trade balance by country
- Participation in global exports and imports
- Global presence comparison with the US
- And much more!
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China is the world's biggest trading partner, surpassing the US
+11% global imports are from China
+13% global exports are from China
In 1995, the sum of China’s merchandise imports and exports totaled US$280.9 billion, representing 3% of global trade. In 2018, this sum jumped to US$4.6% trillion, being 12.4% of global trade.
Most of China’s surplus comes from trade with the US and Hong Kong. Their biggest deficits come from countries that produce commodities that are important to China and its production.
Regarding trade with Brazil, the year 2020 broke records, increasing the importance of this trade partnership. Beef exports grew 65%, generating more than US$ 3.6 billion for Brazil. On the import side, the purchase of Chinese medicines and pharmaceutical inputs exceeded US$600 million, a growth of 70%. Altogether, the Sino-Brazilian trade balance generated a surplus of more than US$30 million for Brazil.
Inova China is the hub solely dedicated to building bridges of innovation between China and Brazil. We offer the tools and insights for a successful strategy. Get custom studies! To learn more, please contact us!
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