China's share of imports in gross domestic product (GDP) was about 13.6 percent in 2024. The total gross domestic product amounted to approximately 135 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 1.4 trillion U.S. dollars, whereas in 2024, China brought forth approximately 2.5 trillion U.S. dollars worth of imported commodities, its main import goods being integrated circuits, crude oil, 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 2.81 trillion yuan. The European Union was the second largest import source providing nearly two trillion yuan worth of goods to China. In 2023, the European Union imported around 514 billion euros worth of merchandise from China, resulting in a trade deficit of roughly 291 billion euros. Trade deficits were most significant in sectors such as machinery, transport equipment and apparel manufacturing.

In 2023, Chinese exports of trade goods to the United States amounted to about 427.23 billion U.S. dollars; a significant increase from 1985 levels, when imports from China amounted to about 3.86 billion U.S. dollars. U.S. exports to China Compared to U.S. imports from China, the value of U.S. exports to China in 2020 amounted to 427.23billion U.S. dollars. China is the United States’ largest trading partner, while China was the United States third largest goods export market. Some of the leading exports to China in the agricultural sector included soybeans, cotton, and pork products. Texas was the leading state that exported to China in 2020 based on total value of goods exports, at 16.9 billion U.S. dollars. U.S. - China trade war The trade war between the United States and China is an economic conflict between two of the world’s largest national economies. It started in 2018 when U.S. President Donald Trump started putting tariffs and trade barriers on China, with the intent to get China to conform to Trump’s wishes. President Trump claimed that China has unfair trade businesses. As a result of this trade war, it has caused a lot of tension between the U.S. and China. Nearly half of American companies impacted by the U.S.-China trade tariffs said that the trade war increased their cost of manufacturing. The healthcare product industry has suffered the most from the trade war in regards to reduced profits.

The Gross Domestic Product (GDP) in China was worth 17794.78 billion US dollars in 2023, according to official data from the World Bank. The GDP value of China represents 16.88 percent of the world economy. This dataset provides - China GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

United States Exports to China was US$143.55 Billion during 2024, according to the United Nations COMTRADE database on international trade. United States Exports to China - data, historical chart and statistics - was last updated on March of 2025.

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 4.6 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 2023, 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 27.5 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 823 billion U.S. dollars in 2023.

The Gross Domestic Product per capita in China was last recorded at 12175.20 US dollars in 2023. The GDP per Capita in China is equivalent to 96 percent of the world's average. This dataset provides - China GDP per capita - actual values, historical data, forecast, chart, statistics, economic calendar and news.

China's share of exports in gross domestic product (GDP) amounted to approximately 18.9 percent in 2024, increasing slightly from the previous year. The total Chinese merchandise export value amounted to around 25.5 trillion yuan that year.

This page displays a table with China Exports By Country in U.S. dollars, according to the United Nations COMTRADE database on international trade.

China Export: Latin America: Panama data was reported at 941.774 USD mn in Dec 2024. This records a decrease from the previous number of 1.184 USD bn for Nov 2024. China Export: Latin America: Panama data is updated monthly, averaging 639.877 USD mn from Jan 2001 (Median) to Dec 2024, with 288 observations. The data reached an all-time high of 1.751 USD bn in Jun 2012 and a record low of 58.113 USD mn in Feb 2001. China Export: Latin America: Panama data remains active status in CEIC and is reported by General Administration of Customs. The data is categorized under China Premium Database’s International Trade – Table CN.JA: USD: Trade by Country.

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;

In February 2025, the total value of imports to China amounted to around 183.45 billion U.S. dollars. This indicated a slight increase in import value compared to the same period of the previous year. Import trade partners As of 2022, China was the world’s second-largest importer of merchandise goods, representing 10.6 percent of worldwide imports. Over the last decade, the value of imports to China has increased significantly.In 2024, ASEAN and the European Union were China’s most important import trade partners, with an import value of about 2.82 trillion yuan and 1.92 trillion yuan respectively. About 86 percent of China’s imports from the European Union were manufactured goods; the main import commodities to China were machinery and transport equipment. Trade balance With a merchandise trade surplus of more than 823 billion U.S. dollars in 2023, China is still the nation with the highest trade surplus worldwide. Despite the pandemic, China exported nearly 3.68 trillion U.S. dollar-worth of goods in 2024, setting another record in history. Nevertheless, a rising number of economists have estimated a downturn in China's economic development recently.

United States Imports: 1-Digit: China (CN) data was reported at 41.639 USD bn in Jan 2025. This records an increase from the previous number of 37.539 USD bn for Dec 2024. United States Imports: 1-Digit: China (CN) data is updated monthly, averaging 18.068 USD bn from Jan 1985 (Median) to Jan 2025, with 481 observations. The data reached an all-time high of 52.081 USD bn in Oct 2018 and a record low of 264.900 USD mn in Apr 1986. United States Imports: 1-Digit: China (CN) data remains active status in CEIC and is reported by U.S. Census Bureau. The data is categorized under Global Database’s United States – Table US.JA141: Imports: by Country: Census Basis. [COVID-19-IMPACT]

30,62,72,08,84,355 (US dollars) in 2021. Imports of goods and services consist of purchases, barter, or receipts of gifts or grants, of goods and services by residents from non- residents. The treatment of exports and imports in the System of National Accounts is generally identical with that in the balance of payments accounts as described in the Balance of Payments Manual.

Hong Kong GDP: ES: US: Maintenance and Repair Services data was reported at 1,087.000 HKD mn in 2016. This records a decrease from the previous number of 1,172.000 HKD mn for 2015. Hong Kong GDP: ES: US: Maintenance and Repair Services data is updated yearly, averaging 1,144.500 HKD mn from Dec 2009 (Median) to 2016, with 8 observations. The data reached an all-time high of 1,367.000 HKD mn in 2011 and a record low of 886.000 HKD mn in 2009. Hong Kong GDP: ES: US: Maintenance and Repair Services data remains active status in CEIC and is reported by Census and Statistics Department. The data is categorized under Global Database’s Hong Kong – Table HK.A173: GDP: Trade in Services: MSITS 2010: Current Price: by Major Trading Partner and Service Component (Annual).

This page displays a table with United States Imports By Country in U.S. dollars, according to the United Nations COMTRADE database on international trade.

Hong Kong GDP: IS: INS: North America data was reported at 2,897.000 HKD mn in 2014. This records an increase from the previous number of 2,875.000 HKD mn for 2013. Hong Kong GDP: IS: INS: North America data is updated yearly, averaging 3,023.000 HKD mn from Dec 2009 (Median) to 2014, with 6 observations. The data reached an all-time high of 3,708.000 HKD mn in 2010 and a record low of 2,408.000 HKD mn in 2009. Hong Kong GDP: IS: INS: North America data remains active status in CEIC and is reported by Census and Statistics Department. The data is categorized under Global Database’s Hong Kong – Table HK.A172: GDP: Trade in Services: MSITS 2010: Current Price: by Major Service Component and Region (Annual).

According to preliminary data, the agricultural sector contributed around 6.8 percent to the gross domestic product (GDP) of China in 2024, whereas 36.5 percent of the economic value added originated from the industrial sector and 54.6 percent from the service sector, respectively. The total GDP of China at current prices amounted to approximately 134.91 trillion yuan in 2024. Economic development in China The gross domestic product (GDP) serves as a primary indicator to measure the economic performance of a country or a region. It is generally defined as the monetary value of all finished goods and services produced within a country in a specific period of time. It includes all of private and public spending, government spending, investments, and net exports which are calculated as total exports minus imports. In other words, GDP represents the size of the economy.With its national economy growing at an exceptional annual growth rate of above nine percent for three decades in succession, China had become the worlds’ second largest economy by 2010, surpassing all other economies but the United States. Even though China's GDP growth has cooled down in recent years, its economy still expanded at roughly two times the pace of the United States in 2024. Breakdown of GDP in China When compared to other developed countries, the proportions of agriculture and industry in China's GDP are significantly higher. Even though agriculture is a major industry in the United States, it only accounted for about one percent of the economy in 2023. While the service sector contributed to more than 70 percent of the economy in most developed countries, it's share was considerably lower in China. This was not only due to China's lower development level, but also to the country’s focus on manufacturing and export. However, as the future limitations of this growth model become more and more apparent, China is trying to shift it's economic focus to the high-tech and service sectors. Accordingly, growth rates of the service sector have been considerably higher than in industry and agriculture in the years before the spread of the coronavirus pandemic.

Exports to United States in China decreased to 30786817 USD Thousand in February from 42633059 USD Thousand in January of 2024. This dataset includes a chart with historical data for China Exports To Us.

Hong Kong GDP: IS: US: Other Business Services data was reported at 15,195.000 HKD mn in 2016. This records an increase from the previous number of 14,099.000 HKD mn for 2015. Hong Kong GDP: IS: US: Other Business Services data is updated yearly, averaging 13,545.500 HKD mn from Dec 2009 (Median) to 2016, with 8 observations. The data reached an all-time high of 15,195.000 HKD mn in 2016 and a record low of 10,221.000 HKD mn in 2009. Hong Kong GDP: IS: US: Other Business Services data remains active status in CEIC and is reported by Census and Statistics Department. The data is categorized under Global Database’s Hong Kong – Table HK.A173: GDP: Trade in Services: MSITS 2010: Current Price: by Major Trading Partner and Service Component (Annual).

Imports in the United States increased to 401.20 USD Billion in January from 364.58 USD Billion in December of 2024. This dataset provides the latest reported value for - United States Imports - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.