In 2024, exports from the European Union accounted for approximately **** percent of the Chinese import volume. The ASEAN region became China's largest trading partner for merchandise making up **** percent of total imports that year.
In 2024, China imported approximately **** trillion yuan worth of goods from ASEAN, its major import partner. In the same year, around **** trillion yuan worth of goods were imported to China from the European Union.
In 2024, the European Union countries imported approximately **** percent of the Chinese export volume. In that year, ASEAN was the largest Chinese merchandise importer. Distribution of Chinese exports In 2024, China exported goods with a total value of around **** trillion yuan and imported goods with a value of **** trillion yuan. That year, China ranked second among the countries with the largest gross domestic product, following the United States.China’s economic prosperity has been closely related to its status as the world’s factory. For about a decade between 2005 and 2015, exports contributed more than ** percent to China’s gross domestic product. However, the share of exports to GDP contribution is currently on the decline. Nonetheless, China maintains a trade surplus of about *** billion U.S. dollars and remains first among countries with the highest trade surplus worldwide as of 2023. While China displays high growth potential for service exports such as tourism, transportation, banking and financial services, as well as insurance and education services, the main focus of China’s export industry remains merchandise. In 2022, Chinese merchandise exports made up **** percent of all global exports, whereas service based exports contributed only *** percent.In terms of most exported merchandise categories, food and live animals used for food were the main primary goods. Among the manufactured goods, automatic data processing machines, integrated circuits, clothing, textiles, and smartphones were the categories with the highest export value in China in 2024.
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In 2024, exports from the European Union accounted for approximately **** percent of the Chinese import volume. The ASEAN region became China's largest trading partner for merchandise making up **** percent of total imports that year.