Overview In August 2021 China exported $347B and imported $236B, resulting in a positive trade balance of $111B. Between August 2020 and August 2021 the exports of China have increased by $167B (92.6%) from $180B to $347B, while imports increased by $82.9B (54.2%) from $153B to $236B.
Trade In August 2021, the top exports of China were Telephones ($17.2B), Computers ($16.7B), Integrated Circuits ($14.3B), Models and Stuffed Animals ($6.42B), and Light Fixtures ($5.97B). In August 2021 the top imports of China were Integrated Circuits ($38B), Crude Petroleum ($23.8B), Iron Ore ($20.2B), Petroleum Gas ($6.2B), and Soybeans ($5.58B).
Origins In August 2021 the exports of China were mainly from Zhejiang Province ($93.5B), Guangdong Province ($71.8B), Jiangsu Province ($44.7B), Shandong Province ($24.3B), and Shanghai Province ($21.4B), while imports destinations were mainly Guangdong Province ($44.3B), Shanghai Province ($34.1B), Beijing ($33.6B), Jiangsu Province ($27.2B), and Shandong Province ($15.4B).
Destinations In August 2021, China exported mostly to United States ($94.9B), Hong Kong ($28.5B), Japan ($13.9B), South Korea ($13.2B), and Vietnam ($11.1B), and imported mostly from Taiwan ($22.9B), South Korea ($18.5B), Australia ($18.1B), Japan ($16.7B), and United States ($14B).
Growth In August 2021, the increase in China's year-by-year exports was explained primarily by an increase in exports to United States ($57.5B or 153%), South Korea ($7.74B or 142%), and Australia ($6.99B or 180%), and product exports increase in Integrated Circuits ($9.26B or 182%), Computers ($7.39B or 79.8%), and Telephones ($4.92B or 40.1%). In August 2021, the increase in China's year-by-year imports was explained primarily by an increase in imports from Australia ($10.2B or 129%), United States ($7.45B or 113%), and Taiwan ($6.21B or 37.3%), and product imports increase in Iron Ore ($11.2B or 123%), Integrated Circuits ($10.9B or 40.2%), and Crude Petroleum ($9.96B or 71.8%).