Overview In July 2021 China exported $283B and imported $226B, resulting in a positive trade balance of $56.6B. Between July 2020 and July 2021 the exports of China have increased by $71.8B (34%) from $211B to $283B, while imports increased by $53B (30.6%) from $173B to $226B.
Trade In July 2021, the top exports of China were Telephones ($18.8B), Computers ($17.2B), Integrated Circuits ($13.6B), Light Fixtures ($4.35B), and Models and Stuffed Animals ($4.05B). In July 2021 the top imports of China were Integrated Circuits ($35.5B), Crude Petroleum ($21.7B), Iron Ore ($17.9B), Petroleum Gas ($5.09B), and Soybeans ($5B).
Origins In July 2021 the exports of China were mainly from Guangdong Province ($65.9B), Jiangsu Province ($40.7B), Zhejiang Province ($39.1B), Shandong Province ($23.2B), and Shanghai Province ($20.5B), while imports destinations were mainly Guangdong Province ($41.9B), Beijing ($31.7B), Shanghai Province ($30.5B), Jiangsu Province ($25.2B), and Shandong Province ($15.1B).
Destinations In July 2021, China exported mostly to United States ($49.6B), Hong Kong ($28.9B), Japan ($13.3B), South Korea ($12.4B), and Vietnam ($11.8B), and imported mostly from Taiwan ($20.9B), Japan ($17.3B), South Korea ($16.9B), Australia ($15.2B), and United States ($14.2B).
Growth In July 2021, the increase in China's year-by-year exports was explained primarily by an increase in exports to United States ($5.86B or 13.4%), South Korea ($2.7B or 27.9%), and Mexico ($2.56B or 68.6%), and product exports increase in Integrated Circuits ($7.69B or 131%), Telephones ($3.99B or 27%), and Computers ($3.79B or 28.3%). In July 2021, the increase in China's year-by-year imports was explained primarily by an increase in imports from Australia ($4.44B or 41.2%), Taiwan ($3.59B or 20.8%), and Brazil ($3.46B or 42.4%), and product imports increase in Crude Petroleum ($7.63B or 54.1%), Iron Ore ($6.98B or 63.9%), and Integrated Circuits ($6.19B or 21.1%).