China

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CN · CHN · BACI 156 · latest data 2024

Exports

$3.59T USD, nominal · 2024

= $3,590,799 M33.3% over 5 yrs (up)

Imports

$2.16T USD, nominal · 2024

= $2,160,710 M26.1% over 5 yrs (up)

Trade balancesurplus

$1.43T USD, nominal · 2024

= $1,430,089 M

Total trade

$5.75T USD, nominal · 2024

= $5,751,508 M30.5% over 5 yrs (up)

World position: #1 of 225 exporters · #2 of 225 importers · top 1% · 2024
World export share since 1995: +11.2 pp

Trade timeline

China's exports grew from $228.7B in 1995 to $3.59T in 2024; the 2024 balance was $1.43T.

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Exports, imports, trade balance and total trade of China per year, USD millions.
Year	Exports ($M)	Imports ($M)	Balance ($M)	Total ($M)
1995	$228,749 M	$134,538 M	$94,212 M	$363,287 M
1996	$242,635 M	$139,588 M	$103,048 M	$382,223 M
1997	$279,480 M	$139,860 M	$139,619 M	$419,340 M
1998	$280,185 M	$133,892 M	$146,293 M	$414,077 M
1999	$312,788 M	$150,668 M	$162,120 M	$463,456 M
2000	$391,367 M	$204,669 M	$186,698 M	$596,037 M
2001	$405,592 M	$221,334 M	$184,258 M	$626,926 M
2002	$487,646 M	$269,679 M	$217,968 M	$757,325 M
2003	$612,089 M	$366,646 M	$245,442 M	$978,735 M
2004	$793,412 M	$478,770 M	$314,642 M	$1,272,182 M
2005	$980,306 M	$557,674 M	$422,632 M	$1,537,980 M
2006	$1,202,226 M	$660,630 M	$541,596 M	$1,862,855 M
2007	$1,483,409 M	$853,232 M	$630,178 M	$2,336,641 M
2008	$1,715,147 M	$979,387 M	$735,761 M	$2,694,534 M
2009	$1,460,035 M	$856,470 M	$603,565 M	$2,316,505 M
2010	$1,881,617 M	$1,148,822 M	$732,795 M	$3,030,439 M
2011	$2,174,543 M	$1,447,376 M	$727,167 M	$3,621,919 M
2012	$2,282,020 M	$1,460,518 M	$821,501 M	$3,742,538 M
2013	$2,328,297 M	$1,572,736 M	$755,561 M	$3,901,034 M
2014	$2,451,460 M	$1,585,327 M	$866,133 M	$4,036,787 M
2015	$2,401,490 M	$1,317,008 M	$1,084,482 M	$3,718,498 M
2016	$2,309,437 M	$1,279,564 M	$1,029,872 M	$3,589,001 M
2017	$2,553,746 M	$1,536,524 M	$1,017,222 M	$4,090,270 M
2018	$2,757,184 M	$1,743,843 M	$1,013,341 M	$4,501,027 M
2019	$2,692,770 M	$1,713,681 M	$979,089 M	$4,406,450 M
2020	$2,678,120 M	$1,682,142 M	$995,978 M	$4,360,261 M
2021	$3,317,355 M	$2,171,040 M	$1,146,315 M	$5,488,395 M
2022	$3,628,086 M	$2,267,335 M	$1,360,750 M	$5,895,421 M
2023	$3,418,939 M	$2,190,068 M	$1,228,871 M	$5,609,007 M
2024	$3,590,798 M	$2,160,710 M	$1,430,089 M	$5,751,508 M

30 rows

World share & rank

World export share moved from 4.5% in 1995 to 15.7% in 2024; export rank #6 → #1.

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World export and import share in percent, and world ranks, of China per year.
Year	Export share (%)	Import share (%)	Export rank	Import rank
1995	4.52%	2.66%	#6	#11
1996	4.52%	2.60%	#6	#12
1997	4.99%	2.50%	#5	#12
1998	5.05%	2.41%	#5	#12
1999	5.44%	2.62%	#4	#12
2000	6.02%	3.15%	#4	#9
2001	6.43%	3.51%	#4	#7
2002	7.37%	4.07%	#3	#6
2003	7.99%	4.79%	#3	#6
2004	8.59%	5.18%	#3	#4
2005	9.35%	5.32%	#1	#3
2006	9.95%	5.47%	#1	#3
2007	10.61%	6.10%	#1	#3
2008	10.63%	6.07%	#1	#3
2009	11.72%	6.88%	#1	#2
2010	12.52%	7.64%	#1	#2
2011	12.12%	8.07%	#1	#2
2012	12.65%	8.09%	#1	#2
2013	12.78%	8.63%	#1	#2
2014	13.36%	8.64%	#1	#2
2015	14.97%	8.21%	#1	#2
2016	14.75%	8.17%	#1	#2
2017	14.55%	8.76%	#1	#2
2018	14.45%	9.14%	#1	#2
2019	14.54%	9.25%	#1	#2
2020	15.63%	9.82%	#1	#2
2021	15.49%	10.14%	#1	#2
2022	15.04%	9.40%	#1	#2
2023	15.13%	9.69%	#1	#2
2024	15.73%	9.46%	#1	#2

30 rows

Trading partners

United States was China's top trading partner in 2024, at 10.5% of total trade; the top five partners covered 30.6%.

Year

Top partner share: 10.5%
Top-5 share: 30.6%
Partners: 208
Partner HHI (0–1): 0.035

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United States $448.8B

Hong Kong $277.0B

Japan $163.4B

Germany $160.5B

Vietnam $158.8B

South Korea $139.0B

India $122.3B

Russia $113.9B

Mexico $113.5B

Thailand $84.1B

Other Asia, nes $77.3B

Australia $75.2B

Indonesia $75.0B

Brazil $71.0B

Malaysia $70.0B

View partner table

Top partners of China in 2024, USD millions.
Rank	Partner	Exports to ($M)	Imports from ($M)	Total ($M)	Balance ($M)
#1	United States	$448,761 M	$155,069 M	$603,830 M	$293,692 M
#2	Hong Kong	$276,993 M	$31,816 M	$308,809 M	$245,176 M
#3	Japan	$163,419 M	$137,649 M	$301,068 M	$25,770 M
#4	South Korea	$139,000 M	$155,165 M	$294,165 M	−$16,165 M
#5	Germany	$160,504 M	$92,522 M	$253,027 M	$67,982 M
#6	Vietnam	$158,769 M	$94,033 M	$252,802 M	$64,736 M
#7	Russia	$113,869 M	$129,580 M	$243,449 M	−$15,712 M
#8	Australia	$75,191 M	$131,692 M	$206,883 M	−$56,502 M
#9	Other Asia, nes	$77,264 M	$105,488 M	$182,752 M	−$28,223 M
#10	Brazil	$70,995 M	$98,316 M	$169,311 M	−$27,321 M
#11	Malaysia	$70,007 M	$87,316 M	$157,323 M	−$17,308 M
#12	Indonesia	$75,036 M	$68,047 M	$143,082 M	$6,989 M
#13	India	$122,308 M	$17,237 M	$139,546 M	$105,071 M
#14	Mexico	$113,503 M	$12,830 M	$126,333 M	$100,674 M
#15	Thailand	$84,081 M	$40,656 M	$124,738 M	$43,425 M

15 rows

Products & sectors

Product composition of China's trade in 2024.

Year

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Concentration & risk

China's export partners diversified over 1995–2024 — HHI 0.150 → 0.039, a diversified export base across 208 partners in 2024.

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Export and import partner HHI (0–1) and partner counts of China per year.
Year	Export HHI	Import HHI	Export partners	Import partners
1995	0.150	0.092	196	167
1996	0.147	0.086	196	163
1997	0.142	0.084	197	168
1998	0.138	0.085	197	173
1999	0.141	0.087	198	176
2000	0.128	0.078	206	189
2001	0.122	0.076	207	189
2002	0.123	0.080	206	190
2003	0.111	0.078	208	194
2004	0.102	0.076	208	199
2005	0.097	0.071	207	198
2006	0.089	0.068	207	199
2007	0.078	0.063	210	203
2008	0.068	0.058	209	202
2009	0.071	0.059	208	204
2010	0.069	0.056	208	205
2011	0.064	0.049	210	205
2012	0.067	0.046	210	209
2013	0.066	0.044	210	210
2014	0.065	0.044	209	208
2015	0.067	0.048	210	207
2016	0.066	0.048	210	208
2017	0.065	0.047	210	209
2018	0.065	0.044	210	209
2019	0.054	0.040	209	210
2020	0.053	0.043	209	209
2021	0.051	0.041	209	206
2022	0.046	0.038	210	208
2023	0.040	0.037	208	206
2024	0.039	0.037	208	206

30 rows

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