What are China’s largest exports?

What are China’s 3 main exports?

Exports The top exports of China are Broadcasting Equipment ($208B), Computers ($141B), Integrated Circuits ($108B), Office Machine Parts ($82.7B), and Telephones ($54.8B), exporting mostly to United States ($429B), Hong Kong ($268B), Japan ($152B), South Korea ($108B), and Germany ($96.9B).

What is China’s main export 2020?

Searchable List of China’s Most Valuable Export Products

Rank China’s Export Product 2020 Value (US$)
1 Phone system devices including smartphones $223,217,114,000
2 Computers, optical readers $170,176,156,000
3 Integrated circuits/microassemblies $117,099,589,000
4 Miscellaneous articles, dress patterns $55,225,956,000

What is China the largest supplier of?

The most prominent goods among the finished products exported from China were consumer electronics, data processing technologies, clothing, other textiles, optical gear, and medical equipment. The EU, the U.S., Japan, and South Korea were among China’s largest trading partners.

What are China’s major imports and exports?

China Exports And Imports

Rank Exports Product Import Product
1 Computers Crude Petroleum
2 Broadcasting Equipment Integrated Circuits
3 Telephones Iron Ore
4 Integrated Circuits Gold
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What is our biggest import from China?

The United States

The top goods imported from the U.S. to China and their total values for 2018 were aircrafts ($18 billion), machinery ($14 billion), electrical machinery ($13 billion), optical and medical instruments ($9.8 billion), vehicles ($9.4 billion) and agricultural products ($9.3 billion).

Who is the largest importer of Chinese goods?

List of largest trading partners of China

Rank Country / Territory Imports
1 United States 153.9
2 European Union 197.9
ASEAN 236.4
3 Japan 165.8

Why is everything made China?

One of the reasons companies manufacture their products in China is because of the abundance of lower-wage workers available in the country. … China has been accused of artificially depressing the value of its currency in order to keep the price of its goods lower than those produced by U.S. competitors.

How much money does the US owe China?

How much is the U.S. in debt to China? The United States currently owes China around $1.1 trillion as of 2021.

How much does the US rely on China?

U.S. goods imports from China totaled $434.7 billion in 2020, down 3.6 percent ($16.0 billion) from 2019, but up 19 percent from 2010. U.S. imports from are up 325 percent from 2001 (pre-WTO accession). U.S. imports from China account for 18.6 percent of overall U.S. imports in 2020.

What would happen if US stopped trading with China?

Around 4% of China’s GDP and 3% of America’s GDP would temporarily disappear and then reappear as increased Chinese exports to Europe/Russia/Africa/India and increased US imports from those regions. On the US side, a lot of prices would shoot up dramatically, and consumers would cut back accordingly.

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What are the top 3 exports and top 3 Imports of China?

Searchable List of China’s Most Valuable Import Products

Rank China’s Import Product 2020 Value (US$)
1 Integrated circuits/microassemblies $350,845,066,000
2 Crude oil $176,321,269,000
3 Iron ores, concentrates $118,944,291,000
4 Cars $44,923,331,000

What products are in high demand in China?

Products with high demand: according to Diario COMEX, products profiting most in the Chinese market are meat, dairy product, fresh and processed fruits, oil, fish preserves, sugars and liquors.

What does the US depend on China for?

The U.S. depends heavily on China for providing the low-cost goods that enable income-constrained American consumers to make ends meet. The U.S. also depends on China to support its own exports; next to Mexico and Canada, China is America’s third largest and by far its most rapidly growing major export market.