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Monitor Report of CHINA trade in 202107

According to Dalian Infobank, in 202107, CHINA's exports and imports of goods amounted to 508735.8316 million, and were up 23.12% comparing with the same period of last year. Among these, exports were up 19.36% at 282662.3430 million, and imports were up 28.18% at 226073.4886 million. And the corresponding trade surplus was 56588.8545 million and down 6.39%.

During the current year until 202107, CHINA's total exports and imports of goods were 3291646.4115 million and were up 34.94% comparing to the same period of last year. Among these, exports were 1801509.7253 million and up 35.25%; imports were 1490136.6862 million and up 34.57%. The total trade surplus was 311373.0391 million and up 38.59%.

If considering by country (region), UNITED STATES, JAPAN, SOUTH KOREA, HONG KONG, TAIWAN were CHINA's top five trading partners. During the current year until 202107, CHINA's imports and exports to five countries/territories were 404648.3893 million, 211918.1085 million, 198140.9030 million, 191424.1061 million, 179306.6318 million. These values correspond to 12.29%, 6.44%, 6.02%, 5.82%, 5.45% of CHINA's imports and exports, and, respectively, were up 40.12%, up 22.03%, up 27.10%, up 36.57%, up 33.27% comparing to the same period of last year.

Current year until 202107, CHINA and the top five trade partners UNITED STATES, HONG KONG, JAPAN, SOUTH KOREA, VIETNAM are the top five countries/territories that CHINA exports to in terms of the total export amount. During the current year until 202107, CHINA's exports to these five countries/territories were 302560.0328 million, 185762.8282 million, 93363.2277 million, 81621.3902 million, 80495.9051 million. These values correspond to 16.79%, 10.31%, 5.18%, 4.53%, 4.47% of CHINA's exports and, respectively, were up 36.91%, up 35.84%, up 17.85%, up 32.33%, up 41.50% comparing with the same period of last year.

Current year until 202107, CHINA's exports to top five countries/territories TAIWAN, JAPAN, SOUTH KOREA, UNITED STATES, AUSTRALIA are the top five countries/territories that CHINA imports from in terms of the total export amount. During the current year until 202107, CHINA's imports from these five countries/territories were 135643.6592 million, 118554.8808 million, 116519.5128 million, 102088.3565 million, 92272.8253 million. These values correspond to 9.10%, 7.96%, 7.82%, 6.85%, 6.19% of CHINA's total imports and, respectively, were up 32.77%, up 25.54%, up 23.67%, up 50.60%, up 35.65% comparing with the same period of last year.

During the current year until 202107, the trade surplus of CHINA was mainly from UNITED STATES, HONG KONG, NETHERLANDS, INDIA, UNITED KINGDOM at 200471.6763 million, 180101.5502 million, 45686.6333 million, 32765.7830 million, 32004.1049 million, and up 30.86%, up 35.08%, up 33.34%, up 55.12%, up 37.94%. And the trade deficits were mainly from TAIWAN, CHINA, AUSTRALIA, SOUTH KOREA, BRAZIL at 91980.6866 million, 85336.7463 million, 57406.7735 million, 34898.1227 million, 34488.2481 million, and up 31.79%, up 28.16%, up 41.85%, up 7.24%, up 18.72%.

Current year until 202107, CHINA's trade surplus or deficit with top five countries/territories During the current year until 202107,  commodities with hs2 codes, 85, 84, 27, 26, 39, were CHINA's top five traded commodities. They correspond to the import and export values of 835312.5069 million, 433520.0885 million, 235306.6993 million, 160663.9111 million, 119667.7636 million, which were up 31.33%, up 27.87%, up 28.87%, up 67.00%, up 37.18% comparing with the same period of last year and account for 25.38%, 13.17%, 7.15%, 4.88%, 3.64% of CHINA's total imports and exports.

During the current year until 202107, 85, 84, 94, 39, 87 were CHINA's top five traded commodities, with total import and export values of 472581.1484 million, 301240.1913 million, 75619.3304 million, 72522.2457 million, 64943.6166 million. These values correspond to 26.23%, 16.72%, 4.20%, 4.03%, 3.60% of CHINA's total exports and, respectively, were up 34.09%, up 28.94%, up 45.20%, up 48.91%, up 73.68% comparing to the same period of last year.

During the current year until 202107, 85, 27, 26, 84, 90 were CHINA's top five traded commodities, with total import values of 362731.3586 million, 209817.7171 million, 158047.3589 million, 132279.8972 million, 62718.6679 million. These values correspond to 24.34%, 14.08%, 10.61%, 8.88%, 4.21% of CHINA's total exports and, respectively, were up 27.90%, up 29.35%, up 66.03%, up 25.50%, up 18.12% comparing to the same period of last year.



Data Source: General Administration of Customs of China