Trade (% of GDP) in China was reported at 37.2 % in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. China - Trade (% of GDP) - actual values, historical data, forecasts and projections were sourced from the World Bank on August of 2025.

China's share of imports in gross domestic product (GDP) was about **** percent in 2024. The total gross domestic product amounted to approximately *** trillion yuan that year. Import development in China Trade is essential to modern economies. The imports-to-GDP ratio measures a country’s openness to inward trade. One similar indicator is the trade-to-GDP-ratio, which is the sum of exports and imports divided by GDP. It is used to measure a country’s integration in the world economy. As of 2023, China was the second largest merchandise importing nation worldwide, only next to the United States. China’s imports of goods had nearly doubled over the last decade. In 2010, the import value stood at around *** trillion U.S. dollars, whereas in 2024, China brought forth approximately *** trillion U.S. dollars worth of imported commodities, its main import goods being *******************, *********, and iron ore. Meanwhile, the monetary value of services imported to China, although much lower than merchandise imports, also increased steadily. Where does China import from? In 2024, ASEAN was the leading import partner for China, with imports amounting to approximately **** trillion yuan. The European Union was the second largest import source providing nearly *** trillion yuan worth of goods to China. In 2023, the European Union imported around *** billion euros worth of merchandise from China, resulting in a trade deficit of roughly *** billion euros. Trade deficits were most significant in sectors such as *********, ******************* and apparel manufacturing.

Exports of goods and services (% of GDP) in China was reported at 20.02 % in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. China - Exports of goods and services (% of GDP) - actual values, historical data, forecasts and projections were sourced from the World Bank on August of 2025.

Historical dataset showing China trade to gdp ratio by year from 1960 to 2023.

China's share of exports in gross domestic product (GDP) amounted to approximately **** percent in 2024, increasing slightly from the previous year. The total Chinese merchandise export value amounted to around **** trillion yuan that year.

China: Trade balance as percent of GDP: The latest value from 2024 is 2.85 percent, an increase from 2.1 percent in 2023. In comparison, the world average is -3.07 percent, based on data from 134 countries. Historically, the average for China from 1960 to 2024 is 1.52 percent. The minimum value, -4.03 percent, was reached in 1985 while the maximum of 8.55 percent was recorded in 2007.

Key information about China Total Trade of Goods and Services: % of Nominal GDP

• China Total Trade of Goods & Services: % of Nominal GDP recorded 38.987 % in Sep 2024, compared with 39.025 % in the previous quarter.
• China Total Trade of Goods & Services: % of Nominal GDP data is updated quarterly, available from Mar 1998 to Sep 2024, with an averaged value of 40.632 %.
• The data reached an all-time high of 68.074 % in Sep 2006 and a record low of 30.763 % in Mar 1999.

CEIC calculates quarterly Total Trade of Goods and Services as % of Nominal GDP from quarterly Total Trade of Goods and Services and quarterly Nominal GDP. The State Administration of Foreign Exchange provides Total Trade of Goods and Services in USD and the National Bureau of Statistics provides Nominal GDP in local currency. Federal Reserve Board average market exchange rate is used for currency conversions. Balance of Payments is used due to lack of National Accounts statistics.

Merchandise trade (% of GDP) in China was reported at 32.89 % in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. China - Merchandise trade (% of GDP) - actual values, historical data, forecasts and projections were sourced from the World Bank on August of 2025.

China: Trade openness: exports plus imports as percent of GDP: The latest value from 2023 is 36.35 percent, a decline from 37.44 percent in 2022. In comparison, the world average is 94.91 percent, based on data from 153 countries. Historically, the average for China from 1960 to 2023 is 27.73 percent. The minimum value, 4.83 percent, was reached in 1970 while the maximum of 63.57 percent was recorded in 2006.

China recorded a Current Account surplus of 2.20 percent of the country's Gross Domestic Product in 2024. This dataset provides - China Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product (GDP) in China expanded 5.20 percent in the second quarter of 2025 over the same quarter of the previous year. This dataset provides - China GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

China: Exports of goods and services as percent of GDP: The latest value from 2024 is 20.02 percent, an increase from 19.1 percent in 2023. In comparison, the world average is 44.58 percent, based on data from 134 countries. Historically, the average for China from 1960 to 2024 is 14.7 percent. The minimum value, 2.45 percent, was reached in 1970 while the maximum of 35.53 percent was recorded in 2006.

China Contribution to(GDP) Gross Domestic ProductGrowth: Net Export of Goods and Service data was reported at 1.515 % in 2024. This records an increase from the previous number of -0.600 % for 2023. China Contribution to(GDP) Gross Domestic ProductGrowth: Net Export of Goods and Service data is updated yearly, averaging 0.100 % from Dec 1953 (Median) to 2024, with 72 observations. The data reached an all-time high of 4.000 % in 1994 and a record low of -6.900 % in 1985. China Contribution to(GDP) Gross Domestic ProductGrowth: Net Export of Goods and Service data remains active status in CEIC and is reported by National Bureau of Statistics. The data is categorized under Global Database’s China – Table CN.AA: Gross Domestic Product: Contribution and Share to Growth.

According to preliminary figures, the growth of real gross domestic product (GDP) in China amounted to 5.0 percent in 2024. For 2025, the IMF expects a GDP growth rate of around 3.95 percent. Real GDP growth The current gross domestic product is an important indicator of the economic strength of a country. It refers to the total market value of all goods and services that are produced within a country per year. When analyzing year-on-year changes, the current GDP is adjusted for inflation, thus making it constant. Real GDP growth is regarded as a key indicator for economic growth as it incorporates constant GDP figures. As of 2024, China was among the leading countries with the largest gross domestic product worldwide, second only to the United States which had a GDP volume of almost 29.2 trillion U.S. dollars. The Chinese GDP has shown remarkable growth over the past years. Upon closer examination of the distribution of GDP across economic sectors, a gradual shift from an economy heavily based on industrial production towards an economy focused on services becomes visible, with the service industry outpacing the manufacturing sector in terms of GDP contribution. Key indicator balance of trade Another important indicator for economic assessment is the balance of trade, which measures the relationship between imports and exports of a nation. As an economy heavily reliant on manufacturing and industrial production, China has reached a trade surplus over the last decade, with a total trade balance of around 992 billion U.S. dollars in 2024.

In 2024, China's merchandise trade surplus amounted to around 992.2 billion U.S. dollars, significantly higher than in the previous year. The merchandise trade balance is the value of exported goods minus the value of imported goods. A positive value indicates a trade surplus, while a negative value indicates a trade deficit. Trade balance and partnersIn 2024, Chinese imports of goods amounted to approximately 2.59 trillion U.S. dollars, whereas total exports added up to about 3.58 trillion U.S. dollars. In contrast, China’s invisible trade balance, an indicator measuring services and government transfers between countries, closed with a deficit and ranged at about -92 billion U.S. dollars at the end of 2022. Being an economy heavily reliant on export, China ranked first among countries with the highest trade surplus, followed by Germany and Russia. The United States, with imports exceeding exports by approximately 1.15 trillion U.S. dollars that year, ranked first among leading import countries worldwide. In 2023, the value of the U.S. imports from China exceeded the exports to China by around 279.4 billion U.S. dollars. Another important trade partner for China is the European Union. In 2023, the EU imported around 514 billion euro-worth of goods from China, leading to a trade deficit of around 291 billion euros. Product categories with the highest trade deficit were mostly finished goods such as machinery and transport equipment, clothing, and other manufactures, whereas product categories with a more balanced trade sheet consisted of raw materials and agricultural products to a large extent.

The Gross Domestic Product (GDP) in China was worth 18743.80 billion US dollars in 2024, according to official data from the World Bank. The GDP value of China represents 17.65 percent of the world economy. This dataset provides - China GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Trade in services (% of GDP) of China leapt by 12.23% from 4.7 % in 2023 to 5.3 % in 2024. Since the 20.98% drop in 2020, trade in services (% of GDP) rocketed by 30.69% in 2024. Trade in services is the sum of service exports and imports divided by the value of GDP, all in current U.S. dollars.

China Share to(GDP) Gross Domestic ProductGrowth: Net Export of Goods and Service data was reported at 30.300 % in 2024. This records an increase from the previous number of -11.400 % for 2023. China Share to(GDP) Gross Domestic ProductGrowth: Net Export of Goods and Service data is updated yearly, averaging 1.559 % from Dec 1953 (Median) to 2024, with 72 observations. The data reached an all-time high of 79.800 % in 1990 and a record low of -51.300 % in 1985. China Share to(GDP) Gross Domestic ProductGrowth: Net Export of Goods and Service data remains active status in CEIC and is reported by National Bureau of Statistics. The data is categorized under Global Database’s China – Table CN.AA: Gross Domestic Product: Contribution and Share to Growth.

In July 2025, Chinese exports amounted to around ****** billion U.S. dollars. This indicated an increase in exports compared to the same period of the previous year. Export trade in China China overtook the United States as the world’s largest trading nation in 2013. In the years that followed, the country remained one of the strongest players in global and regional trade. According to the IMF, China’s total gross domestic product (GDP) had ranged at around ***** trillion U.S. dollars in 2024. Thus, exports of goods had accounted for more than a third of China’s total economic output that year. In 2024, China’s trade surplus amounted to *** billion U.S. dollars. Since the implementation of various reform strategies in 1979, China’s economic development has largely profited from its export-led growth strategy. In 2024, the most important export partner for China was ASEAN. Automatic data processing machines, integrated circuits, and clothes were among China’s main export goods. It is noticeable that China’s comparative advantage nowadays lies not only in labor-intensive manufactured goods. Over the past years, China has steadily moved up the global value chain by increasing the export share of high technology products such as computers and power devices. China has been frequently accused of currency manipulation by other countries. The country is criticized for deliberately keeping its currency yuan undervalued, to give Chinese goods export advantages.

Hong Kong HK: Goods Trade: % of GDP data was reported at 333.924 % in 2017. This records an increase from the previous number of 331.609 % for 2016. Hong Kong HK: Goods Trade: % of GDP data is updated yearly, averaging 214.173 % from Dec 1960 (Median) to 2017, with 58 observations. The data reached an all-time high of 419.962 % in 2013 and a record low of 111.357 % in 1965. Hong Kong HK: Goods Trade: % of GDP data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Hong Kong SAR – Table HK.World Bank.WDI: Trade Statistics. Merchandise trade as a share of GDP is the sum of merchandise exports and imports divided by the value of GDP, all in current U.S. dollars.; ; World Trade Organization, and World Bank GDP estimates.; Weighted average;