Overview In December 2023 China exported $296B and imported $228B, resulting in a positive trade balance of $67.4B. Between December 2022 and December 2023 the exports of China have decreased by $-10.4B (-3.39%) from $306B to $296B, while imports increased by $212M (0.093%) from $228B to $228B.
Trade In December 2023, the top exports of China were Telephones ($20.5B), Integrated Circuits ($14.1B), Computers ($13.1B), Commodities not elsewhere specified ($8.13B), and Cars ($6.42B). In December 2023 the top imports of China were Integrated Circuits ($33.4B), Crude Petroleum ($29.3B), Iron Ore ($12.4B), Petroleum Gas ($9.06B), and Gold ($6.14B).
Origins In December 2023 the exports of China were mainly from Guangdong Province ($68.7B), Jiangsu Province ($43.8B), Zhejiang Province ($32.5B), Shandong Province ($27.2B), and Shanghai Province ($20.8B), while imports destinations were mainly Guangdong Province ($40.3B), Beijing ($38.3B), Shanghai Province ($28.2B), Jiangsu Province ($23.4B), and Shandong Province ($15.8B).
Destinations In December 2023, China exported mostly to United States ($36B), Hong Kong ($29.2B), Vietnam ($13.8B), South Korea ($13.1B), and Japan ($13.1B), and imported mostly from Taiwan ($17.5B), Japan ($15B), United States ($14.9B), South Korea ($14.5B), and Australia ($13.8B).
Growth In December 2023, the decrease in China's year-by-year exports was explained primarily by an decrease in exports to United States ($-9.37B or -20.6%), Singapore ($-2.07B or -20.7%), and Netherlands ($-1.71B or -17.7%), and product exports decrease in Refined Petroleum ($-3.04B or -45.8%), Electrical Resistors ($-1.27B or -77.8%), and Video and Card Games ($-1.24B or -55.7%). In December 2023, the increase in China's year-by-year imports was explained primarily by an increase in imports from Brazil ($3.51B or 42.7%), Australia ($2.76B or 24.9%), and Russia ($2.2B or 24.4%), and product imports increase in Iron Ore ($4.07B or 48.6%), Machines and apparatus of a kind... ($2.57B or 127%), and Corn ($1.19B or 388%).
