Actual value and historical data chart for China Trade Percent Of GDP

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.

China: Trade openness: exports plus imports as percent of GDP: The latest value from 2024 is 37.2 percent, an increase from 36.11 percent in 2023. In comparison, the world average is 92.80 percent, based on data from 133 countries. Historically, the average for China from 1960 to 2024 is 27.87 percent. The minimum value, 4.83 percent, was reached in 1970 while the maximum of 63.57 percent was recorded in 2006.

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.

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 37.936 % in Sep 2025, compared with 37.534 % in the previous quarter.
• China Total Trade of Goods & Services: % of Nominal GDP data is updated quarterly, available from Mar 1998 to Sep 2025, with an averaged value of 46.153 %.
• The data reached an all-time high of 67.169 % in Sep 2006 and a record low of 30.465 % 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.

The Gross Domestic Product (GDP) in China expanded 4.80 percent in the third 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'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 GDP: Year to Date: TI: Wholesale and Retail Trade data was reported at 3,309.710 RMB bn in Mar 2025. This records a decrease from the previous number of 13,798.092 RMB bn for Dec 2024. China GDP: Year to Date: TI: Wholesale and Retail Trade data is updated quarterly, averaging 1,273.560 RMB bn from Dec 1991 (Median) to Mar 2025, with 134 observations. The data reached an all-time high of 13,798.092 RMB bn in Dec 2024 and a record low of 53.680 RMB bn in Mar 1992. China GDP: Year to Date: TI: Wholesale and Retail Trade data remains active status in CEIC and is reported by National Bureau of Statistics. The data is categorized under China Premium Database’s National Accounts – Table CN.AA: Gross Domestic Product: Quarterly.

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.

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 4.8 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.

CN:(GDP) Gross Domestic ProductNowcast: China: Impact: Next Quarter: External Trade: Exports data was reported at 0.112 % Point in Mar 2025. This records an increase from the previous number of -0.114 % Point for Feb 2025. CN:(GDP) Gross Domestic ProductNowcast: China: Impact: Next Quarter: External Trade: Exports data is updated monthly, averaging 0.019 % Point from Oct 2024 (Median) to Mar 2025, with 6 observations. The data reached an all-time high of 0.112 % Point in Mar 2025 and a record low of -0.114 % Point in Feb 2025. CN:(GDP) Gross Domestic ProductNowcast: China: Impact: Next Quarter: External Trade: Exports data remains active status in CEIC and is reported by CEIC Data. The data is categorized under China Premium Database’s National Accounts – Table CN.AJ: Gross Domestic Product: Nowcast: Next Quarter. China GDP releases in January for Q4, April for Q1, July for Q2 and October for Q3. 'Next Quarter' during periods between - October release to January release refers to Q1 GDP data estimate; January release to April release refers to Q2 GDP data estimate; April release to July release refers Q3 GDP data estimate; July release to October release refers to Q4 GDP data estimate.

The Gross Domestic Product (GDP) in China expanded 1.10 percent in the third quarter of 2025 over the previous quarter. This dataset provides - China GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

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

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;

China GDP: TI: Accommodation and Catering Trade data was reported at 568.900 RMB bn in Mar 2025. This records a decrease from the previous number of 734.514 RMB bn for Dec 2024. China GDP: TI: Accommodation and Catering Trade data is updated quarterly, averaging 161.630 RMB bn from Mar 1992 (Median) to Mar 2025, with 133 observations. The data reached an all-time high of 734.514 RMB bn in Dec 2024 and a record low of 12.720 RMB bn in Mar 1992. China GDP: TI: Accommodation and Catering Trade 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: Quarterly.

In the third quarter of 2025, the growth of the real gross domestic product (GDP) in China ranged at *** percent compared to the same quarter of the previous year. GDP refers to the total market value of all goods and services that are produced within a country per year. It is an important indicator of the economic strength of a country. Real GDP is adjusted for price changes and is therefore regarded as a key indicator for economic growth. GDP growth in China In 2024, China ranged second among countries with the largest gross domestic product worldwide. Since the introduction of economic reforms in 1978, the country has experienced rapid social and economic development. In 2013, it became the world’s largest trading nation, overtaking the United States. However, per capita GDP in China was still much lower than that of industrialized countries. Until 2011, the annual growth rate of China’s GDP had constantly been above nine percent. However, economic growth has cooled down since and is projected to further slow down gradually in the future. Rising domestic wages and the competitive edge of other Asian and African countries are seen as main reasons for the stuttering in China’s economic engine. One strategy of the Chinese government to overcome this transition is a gradual shift of economic focus from industrial production to services. Challenges to GDP growth Another major challenge lies in the massive environmental pollution that China’s reckless economic growth has caused over the past decades. China’s development has been powered mostly by coal consumption, which resulted in high air pollution. To counteract industrial pollution, further investments in waste management and clean technologies are necessary. In 2017, about **** percent of GDP was spent on pollution control. Surging environmental costs aside, environmental issues could also be a key to industrial transition as China placed major investments in renewable energy and clean tech projects. The consumption of green energy skyrocketed from **** exajoules in 2005 to **** million in 2022.

The merchandise trade share of gross domestic product (GDP) in China stood at ***** percent in 2023. Between 1960 and 2023, the GDP rose by ***** percentage points, though the increase followed an uneven trajectory rather than a consistent upward trend.

China GDP Index: YoY: TI: Wholesale and Retail Trade data was reported at 105.800 Prev Year=100 in Mar 2025. This records an increase from the previous number of 105.700 Prev Year=100 for Dec 2024. China GDP Index: YoY: TI: Wholesale and Retail Trade data is updated quarterly, averaging 108.600 Prev Year=100 from Mar 1992 (Median) to Mar 2025, with 133 observations. The data reached an all-time high of 127.500 Prev Year=100 in Mar 2021 and a record low of 83.400 Prev Year=100 in Mar 2020. China GDP Index: YoY: TI: Wholesale and Retail Trade data remains active status in CEIC and is reported by National Bureau of Statistics. The data is categorized under China Premium Database’s National Accounts – Table CN.AB: Gross Domestic Product: Index: Quarterly.

Description

This dataset provides monthly economic indicators examining the relationship between US protectionist trade policies and Chinese economic growth from May 2022 to May 2025. The dataset can be used for academic research, statistical analysis, and educational purposes in international economics and trade policy studies.

Context

The dataset captures the economic dynamics during a period of heightened trade tensions between the United States and China. It includes comprehensive indicators of US protectionist measures and their potential impact on various dimensions of Chinese economic performance.

Dataset Structure

Time Period: May 2022 - May 2025 Frequency: Monthly Total Observations: 1127 Total Variables: 14

Column Descriptions

Date

• Type: Categorical (YYYY-MM format)
• Description: Month and year of observation

US Protectionism Indicators

US_Tariff_Index

• Type: Continuous
• Range: 100-120
• Description: Tariff rate index where 100 represents the baseline. Higher values indicate increased protectionist measures.

US_Trade_Restrictions

• Type: Discrete
• Range: 5-15
• Description: Number of new trade restrictions implemented per month, including tariffs, quotas, and non-tariff barriers.

US_AntiDumping_Cases

• Type: Discrete
• Range: 0-12
• Description: Number of anti-dumping cases filed against Chinese products per month.

US_Trade_Policy_Uncertainty

-Type: Continuous - Range: 90-160 - Description: Index measuring uncertainty in trade policy (0-200 scale). Higher values indicate greater uncertainty.

Chinese Growth Indicators

China_GDP_Growth_YoY

• Type: Continuous
• Unit: Percentage (%)
• Range: 3.5-5.5%
• Description: Year-over-year GDP growth rate for China.

China_Industrial_Production_YoY

• Type: Continuous
• Unit: Percentage (%)
• Range: 2.5-5.0%
• Description: Year-over-year change in industrial production output.

China_Exports_Growth_YoY

• Type: Continuous
• Unit: Percentage (%)
• Range: 0-15%
• Description: Year-over-year growth rate of Chinese exports.

China_Manufacturing_PMI

• Type: Continuous
• Range: 47-52
• Description: Purchasing Managers' Index for manufacturing sector. Values >50 indicate expansion, <50 indicate contraction.

China_FDI_Inflow_USD_Billion

• Type: Continuous
• Unit: Billion USD
• Range: 7-15
• Description: Monthly foreign direct investment inflows into China.

Bilateral Trade Indicators

US_China_Trade_Volume_USD_Billion

• Type: Continuous
• Unit: Billion USD
• Range: 40-60
• Description: Total monthly bilateral trade volume between US and China.

US_Trade_Deficit_China_USD_Billion

• Type: Continuous
• Unit: Billion USD
• Range: -32 to -24
• Description: US trade deficit with China. Negative values indicate deficit.

Additional Economic Indicators

USD_CNY_Exchange_Rate

• Type: Continuous
• Range: 6.7-7.3
• Description: Exchange rate expressing yuan per US dollar.

China_Stock_Index

• Type: Continuous
• Range: 2,800-3,500
• Description: Shanghai Composite Stock Index (normalized).