What does China mainly import?

Most of China’s imports consist of machinery and apparatus (including semiconductors, computers, and office machines), chemicals, and fuels. The main import sources are Japan, Taiwan, South Korea, Australia, the countries of the European Union (EU), and the United States.

What does China import from the world?

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China Imports By Category Value Year
Oil seed, oleagic fruits, grain, seed, fruits $44.96B 2020
Iron and steel $36.82B 2020
Pharmaceutical products $34.92B 2020
Pearls, precious stones, metals, coins $31.75B 2020

What are the main exports and imports of China?

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

What are the major exports to China?

List of exports of China

# Product Value
1 Computers 210.231
2 Broadcasting equipment 110.979
3 Telephones 91.759
4 Office Machine Parts 47.079

What are the top 3 imports of the China?

Searchable List of China’s Most Valuable Import Products

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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

Who is the biggest importer of Chinese goods?

Mainland China’s 100 major trade partners account for $2.551 trillion or 98.5% of all exported goods consumed by trade partners that import from the People’s Republic.

Searchable Datalist of Countries Consuming China’s Exports.

Rank 1.
Importer United States
Exports from China (US$) $452,576,771,000
2019-20 +8.1%

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.

What does the US buy from China?

Machinery & Electrical: 24% of U.S. imports from China. Miscellaneous: 19% Metals: 10% Textiles: 8%

What does China produce the most?

There are nearly 300 million Chinese farmers, larger than the entire population of every country except China, India and the U.S. Rice is the dominant agricultural product in China, but the country is also very competitive in wheat, tobacco, potatoes, peanuts, millet, pork, fish, soybeans, corn, tea, and oilseeds.

What is US biggest export to China?

The top US goods exports to China are oilseeds and grains, semiconductors and their componentry, oil and gas, and motor vehicles. Many states also generate substantial economic value from service exports like travel, education, and financial services.

What is America’s biggest export to China?

U.S. total exports of agricultural products to China totaled $26.5 billion in 2020, our largest agricultural export market.

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.

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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.

Who trades the most with China?

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 China is the biggest exporter in the world?

China had a large number of dominant industries that created products and materials for export. 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.