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China Trade Summary

2023

China exports, imports, tariff by year.

Country and Region
Year
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Please note the exports, imports and tariff data are based on reported data and not gap filled. Please check the Data Availability for coverage.

Imports/Exports


Products

TRADE SUMMARY FOR CHINA 2023

Overall Exports and Imports for China 2023

Exports and imports of China in 2023 are below, along with number of countries and products

  • The total value of exports (FoB) was 3,379,748 million.
  • The total value of imports (CIF) was 2,556,763 million.
  • At the HS6 digit level, 4,393 products were exported to 214 countries and 4,341 products were imported from 213 countries.

China top 5 Export and Import partners 2023

Top five countries to which China exported in 2023 are below, along with the percent of total exports that went to that country:

  1. China exports to United States worth US$ 501,221 million, with a partner share of 14.83 percent.
  2. China exports to Hong Kong, China worth US$ 274,519 million, with a partner share of 8.12 percent.
  3. China exports to Japan worth US$ 157,500 million, with a partner share of 4.66 percent.
  4. China exports to Korea, Rep. worth US$ 148,983 million, with a partner share of 4.41 percent.
  5. China exports to Vietnam worth US$ 137,607 million, with a partner share of 4.07 percent.

Top five countries from which China imported goods in 2023 are below, along with percent of total imports that came from the country :

  1. China imports from Other Asia, nes worth US$ 199,345 million, with a partner share of 7.80 percent.
  2. China imports from United States worth US$ 165,157 million, with a partner share of 6.46 percent.
  3. China imports from Korea, Rep. worth US$ 161,739 million, with a partner share of 6.33 percent.
  4. China imports from Japan worth US$ 160,476 million, with a partner share of 6.28 percent.
  5. China imports from Australia worth US$ 155,641 million, with a partner share of 6.09 percent.

China Top 5 Productsexports imports at HS 6 digit level 2023

The top five exported HS 6 digit level products to world by China along with trade value are:

  1. China exported Transmission apparatus, for radioteleph incorpo , worth 223,556,703.58 (US$ Thousands).
  2. China exported Monolithic integrated circuits, digital , worth 135,946,027.61 (US$ Thousands).
  3. China exported Storage units, whether or not presented with th , worth 99,136,684.93 (US$ Thousands).
  4. China exported Electric accumulators, nes , worth 65,413,451.39 (US$ Thousands).
  5. China exported Parts and accessories of automatic data process , worth 64,316,978.74 (US$ Thousands).

The top five imported HS 6 digit level products from world by China along with trade value are

  1. China imported Monolithic integrated circuits, digital , worth 349,343,938.54 (US$ Thousands).
  2. China imported Petroleum oils and oils obtained from bituminou , worth 337,644,667.18 (US$ Thousands).
  3. China imported Non-agglomerated iron ores and concentrates , worth 131,392,569.44 (US$ Thousands).
  4. China imported Gold in unwrought forms non-monetary , worth 90,076,746.39 (US$ Thousands).
  5. China imported Copper ores and concentrates , worth 59,941,382.50 (US$ Thousands).

Exports and Imports of Product Groups 2023

Exports and imports of products by stages of processing in 2023 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2023

Tariffs imposed by China in 2023 are below

  • The maximum rate of tariff in percentage on any product was 340.99 percent.
  • The simple average tariff across all products was 5.42 percent.
  • The trade weighted average tariff was 2.17 .
  • The total duty free imports in thousands of US dollars were 1,578,504,752.49 and duty free tariff line items share was 30.24 percent.

Development Indicators 2023

Key Development Indicators of China in 2023 are below

  • China GDP in current US dollar was 18,270,357 million.
  • GNI per capita, Atlas method (current US$) was 13,730.00 .
  • China Trade balance: as % of GDP was 2.10.
  • Trade balance in current US$ was 383,632.00 million.
  • Trade as percentage of GDP was 36.11 .
  • Trade in services as percentage of GDP was 4.74 .

Trade Indicators 2023

Trade Indicators for China in 2023 are below

  • Hirschman Herfindahl market concentration index was 0.04.
  • Index of export market penetration was 57.02.
  • World Growth in percentage was -3.13 and China Country Growth was -4.84 .