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China's total Exports in 2024 were valued at US$3.58 Trillion, according to the United Nations COMTRADE database on international trade. China's main export partners were: the United States, Hong Kong and Vietnam. The top three export commodities were: Electrical, electronic equipment; Machinery, nuclear reactors, boilers and Vehicles other than railway, tramway. Total Imports were valued at US$2.59 Trillion. In 2024, China had a trade surplus of US$991.41 Billion.
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TwitterIn 2024, China exported approximately 3.58 trillion U.S. dollars worth of goods. This indicated an increase in export value of about 5.9 percent compared to the previous year. Export of goods from ChinaChina’s exports have been growing steadily over the past decade, with the exception of 2009 when financial crisis and global economic downturn slowed down global trade and 2016 witnessing another decrease in global demand. Apart from being the most populous country, China has also become the largest manufacturing economy and the largest exporter in the world. ASEAN, European Union, and United States were China's leading export partners in 2023. Machinery such as computers, broadcasting technology, and telephones as well as transport equipment make up the largest part of Chinese exports. This category amounted to approximately 1.65 trillion U.S. dollars in export value in 2023. When it comes to primary goods, food and live animals used for food are the main export products.
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China Exports to Russia was US$115.28 Billion during 2024, according to the United Nations COMTRADE database on international trade. China Exports to Russia - data, historical chart and statistics - was last updated on December of 2025.
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China Imports from United States was US$164.59 Billion during 2024, according to the United Nations COMTRADE database on international trade. China Imports from United States - data, historical chart and statistics - was last updated on December of 2025.
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China's total Imports in 2024 were valued at US$2.59 Trillion, according to the United Nations COMTRADE database on international trade. China's main import partners were: South Korea, the United States and Japan. The top three import commodities were: Electrical, electronic equipment; Mineral fuels, oils, distillation products and Ores slag and ash. Total Exports were valued at US$3.58 Trillion. In 2024, China had a trade surplus of US$991.41 Billion.
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TwitterIn May 2025, ***** percent of global yuan transactions had been cleared in Hong Kong. The proximity of the city to mainland China made it predestined to be the largest market for yuan in the world. Since many Chinese and international investors funneled their investors through Hong Kong, the demand for yuan was very high. International transactions The most common international transactions is the transfer of money. In total, the value of global payment revenues reached almost two trillion U.S. dollars. To complete a transaction, both parties have to agree on a currency, which is in most cases the U.S. dollar, making the U.S. currency somewhat of a global currency. This position as a global currency has many political and strategic advantages. Internationalization of the yuan The Chinese government strives to challenge the U.S. dollar’s role in global trade. Since all countries who want to trade internationally need to buy U.S. dollars, nations are very dependent on the United States to maintain a steady reserve of U.S. dollars. China’s foreign currency reserves amounted to over three trillion U.S. dollars. To enhance its independence and ability to project its financial assets, China wants to increase the role of the yuan in global trade. One way to achieve this goal is to establish clearinghouses abroad. For instance, London has become the largest market for yuan outside the Greater China region.
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Analysis of China's p-xylene market: consumption rebounds in 2024 after a five-year decline, with forecasts showing steady growth in volume and value through 2035. The market is heavily import-dependent with minimal exports.
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The United States' total Exports in 2024 were valued at US$2.06 Trillion, according to the United Nations COMTRADE database on international trade. The United States' main export partners were: Canada, Mexico and China. The top three export commodities were: Mineral fuels, oils, distillation products; Machinery, nuclear reactors, boilers and Electrical, electronic equipment. Total Imports were valued at US$3.36 Trillion. In 2024, The United States had a trade deficit of US$1.29 Trillion.
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TwitterIn May 2025, crude oil exported from Brazil had an average price of **** U.S. dollars per kilogram, after attaining **** U.S. dollars the month prior. Global oil prices continued to fall in the first half of 2025, which is reflected in the decrease in Brazil's oil export prices. China is most important trading partner China remains the primary destination for Brazilian crude oil exports, accounting for over ** percent of shipments in 2024, followed by the United States at ** percent. This underscores the importance of these markets for Brazil's oil industry. While exports thrived, Brazil's crude oil imports saw a slight decrease in 2024, totaling nearly *** billion U.S. dollars. This decline in imports occurred alongside a drop in the average price of imported crude oil and condensate, which fell by about *** percent to ***** U.S. dollars per barrel. Natural gas imports and domestic production Similar to crude oil, Brazil's natural gas imports also experienced a decline in 2023. The country imported approximately *** billion cubic meters of natural gas, with *** billion cubic meters in gaseous form and **** billion cubic meters as liquefied natural gas (LNG). The decrease in imports can be attributed to Brazil's growing domestic natural gas production, highlighting the country's efforts to reduce dependence on foreign energy sources and strengthen its position in the global energy market.
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TwitterIn May 2025, the average monthly price of the Urals crude oil, Russia's major export oil brand, was approximately ***** U.S. dollars per barrel, having decreased from the previous month. In 2020, the price of the Urals experienced a considerable decrease at the beginning of the year due to the coronavirus (COVID-19) pandemic, dropping to as low as **** U.S. dollars per barrel in April. What is the purpose of the Russian oil price cap? In early December 2022, the G7 (Canada, France, Germany, Italy, Japan, United Kingdom (UK), and the United States), the European Union (EU), and Australia formed the Price Cap Coalition and imposed a price cap of 60 U.S. dollars per barrel on oil originating in Russia. The aim of the price ceiling is to decrease Russia’s earnings from oil exports and thereby limit the Russian government’s budget to finance the war in Ukraine. At the same time, the cap is meant to ensure that Russia continues to supply oil to emerging economies, though at a discounted price. With the cap in place, Russia cannot sell oil at a higher price even to third countries if the oil tankers are financed or insured by members of the Price Cap Coalition. In early February 2023, a price cap of 100 U.S. dollars per barrel was imposed on Russian refined oil products. Global dependence on Russian oil China was Russia’s leading crude oil export destination, with the value of exports measured at nearly **** billion U.S. dollars in 2021. In physical terms, Russia supplied around *** million metric tons of crude oil to China in 2024, being the leading crude oil import origin in the country ahead of Saudi Arabia. Furthermore, European countries were major consumers of Russian oil prior to the war in Ukraine. For instance, Russia accounted for over ** percent of oil and petroleum products imported into Slovakia in 2020. To compare, the dependence rate stood at nearly ** percent in Lithuania, ** percent in Germany, and ** percent in the UK.
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Analysis of Japan's phosphinates and phosphonates market: consumption trends, production decline, import dependency on China, export dynamics, and 2024-2035 forecasts showing 4.7% volume CAGR and 6.2% value CAGR growth.
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China is one of the largest manufacturing countries and consumers of construction equipment in the world. Revenue for the Construction Equipment Manufacturing industry is expected to decrease at an annualized 9.7% over the five years through 2025, to $46.1 billion. The industry has developed rapidly in the past few years. Industry profit is expected to total 5.6% of revenue in 2025. In the past few years, due to the continuous development of technology, the added value of the industry's products has increased, thus boosting the profit margin. However, the market size of the industry is large, but the competition is also fierce. In order to cope with fierce market competition, industry leading companies have to participate in price war, which further squeezed the industry profit margins. The Government encourages the development of small and medium-sized enterprises, and helps them introduce new production technology and financial support. The number of enterprises increases by 1.7% on average over the five years through 2025. To increase market share and improve competitiveness, large enterprises actively expand overseas markets. The exports have grown rapidly in the past few years, mainly due to technological advances and the increase in construction projects with foreign cooperation. Industry exports are expected to grow at a CAGR of 25.3% over the past five years through 2025, with share of industry revenue increasing from 7.3% in 2020 to 37.3% in 2025. Due to the continuous innovation of manufacturing technology of domestic enterprises, the industry's dependence on competing imports is lower. Over the past five years, the annualized rate of imports has declined by 8.6%. Over the next five years, multiple factors, including the renewal of urban underground pipeline networks, the renovation of old residential communities, and the construction of smart city infrastructure, and implementation of national strategic projects, will continue to provide baseline demand for construction equipment. Industry revenue is expected to increase an annualized 12.0% over the five years through 2030 to total $81.1 billion.
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Analysis of Japan's amplifier market from 2024-2035: consumption trends, production decline, import dependency on China, and export dynamics with a forecasted CAGR of +0.4% in volume and +0.8% in value.
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Analysis of China's cashew nut market showing a forecasted CAGR of +0.2% in volume and +1.6% in value through 2035, driven by import dependency and shifting consumption patterns despite recent declines.
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China Imports from Indonesia was US$71.05 Billion during 2024, according to the United Nations COMTRADE database on international trade. China Imports from Indonesia - data, historical chart and statistics - was last updated on December of 2025.
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Analysis of China's vegetable oils market showing a projected CAGR of +1.5% in volume and +2.3% in value through 2035, driven by rising demand despite recent production declines and increased import dependency on Indonesia.
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We examine the regional impacts of the Sino-Japan dispute over the Diaoyu/ Senkaku Islands that sparked a Chinese consumer boycott of travel to Japan from August, 2012. We find that the boycott caused large and regionally heterogenous effects in Japan. The boycott’s negative impacts are larger for Japanese prefectures with higher pre-boycott dependency on visitors, especially tourists, from China. While the intensity of the boycott effects is strongest within the first six months of the boycott, we find significant negative impacts of the boycott even when averaging across 24 months post-boycott. Our results demonstrate the importance of diversification across traveler types and countries of origin in the provision of travel services.
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India Imports from China was US$126.96 Billion during 2024, according to the United Nations COMTRADE database on international trade. India Imports from China - data, historical chart and statistics - was last updated on December of 2025.
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Japan's portable electric lamp market is forecast to grow at a CAGR of +4.3% in volume and +4.4% in value through 2035, driven by rising demand. The market is heavily import-dependent, with China as the dominant supplier, while exports have seen a significant decline.
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Australia's electric smoothing iron market is forecast to grow to 2.1M units valued at $36M by 2035, driven by rising demand despite recent production declines and increased import dependency, with China dominating imports and New Zealand as the primary export destination.
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China's total Exports in 2024 were valued at US$3.58 Trillion, according to the United Nations COMTRADE database on international trade. China's main export partners were: the United States, Hong Kong and Vietnam. The top three export commodities were: Electrical, electronic equipment; Machinery, nuclear reactors, boilers and Vehicles other than railway, tramway. Total Imports were valued at US$2.59 Trillion. In 2024, China had a trade surplus of US$991.41 Billion.