![]() The lone decliner among China’s top 10 export categories was the furniture, bedding, lighting, signs and prefabricated buildings, incurring a -6.2% drop year over year. In second place for improving export sales were organic chemicals via a 23.4% gain.Ĭhina’s shipments of articles made from iron or steel posted the third-fastest gain in value, up by 15.5%. Vehicles was the fastest grower among the top 10 export categories, up by 25.2% from 2021 to 2022. ![]() Knit or crochet clothing, accessories: $90.9 billion (2.5%)Ĭhina’s top 10 exports accounted for just over two-thirds (67.2%) of the overall value of its global shipments.Articles of iron or steel: $110.3 billion (3.1%).Furniture, bedding, lighting, signs, prefabricated buildings: $130.9 billion (3.6%).Plastics, plastic articles: $143.5 billion (4%).Machinery including computers: $552 billion (15.4%).Electrical machinery, equipment: US$954.8 billion (26.6% of total exports).Also shown is the percentage share each export category represents in terms of overall exports from China. The following export product groups categorize the highest dollar value in Chinese global shipments during 2022. That per-capita dollar amount exceeds the average $2,150 one year earlier in 2021. Given China’s population of 1.4 billion people, its total $3.594 trillion in 2022 exported products translates to about $2,500 for every resident in the East Asian economic powerhouse. Smaller percentages went to Latin America (4.8%) excluding Mexico but including the Caribbean, Africa (4.6%), and Oceania (2.6%) led by Australia and New Zealand. China shipped another 19.9% worth of goods to buyers in North America. The latest available country-specific data shows that 57.1% of products exported from mainland China were bought by importers in: the United States of America (16.2% of China’s global total), Hong Kong (8.3%), Japan (4.8%), South Korea (4.5%), Vietnam (4.1%), India (3.3%), Netherlands (also 3.3%), Germany (3.2%), Malaysia (2.6%), Taiwan (2.3%), United Kingdom (2.3%) and Singapore (also 2.3%).įrom a continental perspective, almost half (47.4%) of mainland China’s exports by value were delivered to fellow Asian countries while 20.7% were sold to importers in Europe. The commodities themselves suggest a fairly diversified range of exported goods.Ĭhina ranks among world-leading nations for exporting cell phones, electronic circuit components and automotive parts or accessories. In aggregate, those major exports account for almost one-fifth (18.9%) of the China’s overall exports sales. Mainland China’s biggest export products by value in 2022 were led by phone devices including smartphones, computers, electronic integrated circuits, solar power diodes and semi-conductors, then electric storage devices. ![]() China’s weaker local currency makes Chinese exports paid for in relatively stronger US dollars less expensive than in the prior years. Year over year, the overall value of China’s exports rose 6.9% from $3.362 trillion in 2021.Īccording to exchange rate metrics from the International Monetary Fund, the Chinese yuan has depreciated by -1.8% against the US dollar since 2018 and fell by -4.5% from 2021 to 2022. That dollar amount reflects a 44.1% gain compared to $2.494 trillion during 2018. ![]() By Located in East Asia near key trading partners including Japan, South Korea, Vietnam, India and Singapore, the People’s Republic of China shipped US$3.594 trillion worth of products around the globe in 2022. ![]()
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