List of largest trading partners of China
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Who is China’s biggest trading partner?
China’s Top Trading Partners
- Netherlands: $73.1 billion (2.9%)
- United Kingdom: $57 billion (2.3%)
- Singapore: $49.8 billion (2%)
- Taiwan: $48.7 billion (2%)
- Russia: $48 billion (1.9%)
- Australia: $47.5 billion (1.9%)
- Malaysia: $45.8 billion (1.8%)
- Mexico: $44.1 billion (1.8%)
Why is China our biggest trading partner?
China is America’s largest trading partner, with annual trade in goods and services worth about $663 billion. Chinese exports to the U.S. totaled nearly $500 billion in 2015 — more than any other destination. The value of U.S. trade with Canada is $662 billion, just a smidge less than China.
Which country is the United States largest trading partner?
These are the biggest U.S. trade partners
- China – $636 billion.
- Canada – $582.4 billion.
- Mexico – $557 billion.
- Japan – $204.2 billion.
- Germany – $171.2 billion.
- South Korea – $119.4 billion.
- United Kingdom – $109.4 billion.
- France – $82.5 billion.
What is China’s main export?
China major exports are: mechanical and electrical products, high tech products, clothing, textiles, footwear, furniture, plastic products and ceramic, motors and generators and integrated circuits.
Who is Russia’s largest trading partner?
List of the largest trading partners of Russia
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Which country is India’s largest trading partner?
India’s Top Trading Partners
- United States: US$51.6 billion (16% of total Indian exports)
- United Arab Emirates: $29 billion (9%)
- China: $16.4 billion (5.1%)
- Hong Kong: $13.2 billion (4.1%)
- Singapore: $10.4 billion (3.2%)
- United Kingdom: $9.8 billion (3%)
- Germany: $9 billion (2.8%)
- Bangladesh: $8.8 billion (2.7%)
Who is Mexico’s largest trading partner?
Mexico posted the highest trade surpluses with the following countries:
- United States: US$128.7 billion (country-specific trade surplus in 2018)
- Canada: $3.3 billion.
- Colombia: $1.8 billion.
- Guatemala: $1.4 billion.
- Peru: $1.2 billion.
- Panama: $1.1 billion.
- Venezuela: $931 million.
- Australia: $909.3 million.
Who is the UK’s biggest trading partner?
List of the largest trading partners of United Kingdom
|–||Total for non-EU||192,058,774,831|
|–||European Union (Total)||220,149,955,910|
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Who is the US number 1 trading partner?
List of the largest trading partners of the United States
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Why is US Canada largest trading partner?
The US and Canada are each other’s largest trading partners – almost US $1.5 billion in merchandise trade crosses the Canada-US border every day. Millions of US jobs depend on Canadian imports from the US. Canada is the leading foreign source of energy supplied to the US.
Who is Germany’s biggest trading partner?
This is a list of the largest trading partners of Germany in 2016, based on data from the Federal Statistical Office of Germany (Destatis).
List of the largest trading partners of Germany.
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How much trade is there between US and China?
Exports were $179.3 billion; imports were $557.9 billion. The U.S. goods and services trade deficit with China was $378.6 billion in 2018. China is currently our largest goods trading partner with $659.8 billion in total (two way) goods trade during 2018.
What are China’s top three exports today?
More Information on China’s Imports & Exports
- Cotton. China is the largest cotton spinner in the world and the textile industry is also the biggest globally in terms of overall production and exports.
- Crude Oil.
- Iron Ore.
What does China produce the most of?
Manufacturing. China makes and sells more manufacturing goods than any other country on the planet. The range of Chinese goods includes iron, steel, aluminum, textiles, cement, chemicals, toys, electronics, rail cars, ships, aircraft and many other products.
What are China’s major imports?
As of 2012, China’s main imports were: crude oil ($220.7 billion), iron ore ($95.6 billion), plastics in primary forms ($46.2 billion), copper and copper alloys ($38.6 billion), and soybeans ($35 billion). China’s major trading partners were the European Union, ASEAN, Japan, South Korea, and the United States.
What is the largest minority group in Russia?
Ethnic groups of Russia, 1926-2010
|Ethnic group||Language family||2010 Census|
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What does Russia import the most?
Major trading partners of Russia are Germany, Italy, China, Turkey, Poland, Switzerland, United Kingdom, United States, and Finland. Russia provides most of the needs of the CIS countries in oil and oil products, gas, timber, machinery and equipment.
What America trades with Russia?
The U.S. goods and services trade deficit with Russia was $7.1 billion in 2017. Russia is currently our 28th largest goods trading partner with $27.5 billion in total (two way) goods trade during 2018. Goods exports totaled $6.7 billion; goods imports totaled $20.8 billion.
What do India export the most?
Major exports of India include petroleum products, textile goods, jewelry, software, engineering goods, chemicals, and leather manufacturesThe top export partners of India are the United States, the United Arab Emirates, China, Singapore and the United Kingdom.
What does Australia import from India?
The major items that constitute Indian exports to Australia are: Gems, pearls, and jewelry. Chemicals and its by products. Leather, leather goods, footwear, and travel goods.
Which country imports the most?
After the big three, no other country has a number exceeding 5% of global imports, but Japan, the United Kingdom, France, Hong Kong (China), and the Netherlands all surpass the 3% mark.
|Imports ($B)||$2,409 billion|
|% of Global Imports||13.4%|
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What country does the US have the largest trade deficit with?
The two largest are China and Japan. Some of the largest deficits are with countries in the third category. They are Canada, Mexico, and Germany. The countries with which the United States has the largest trade deficits in goods are not always its most important trading partners.
What country imports the most from the US?
Rounding out the list of America’s top trading partners in terms of U.S. export sales, the following ten countries ranked highest in 2017.
- Canada: US$282.5 billion (18.3% of total US exports)
- Mexico: $243 billion (15.7%)
- China: $130.4 billion (8.4%)
- Japan: $67.7 billion (4.4%)
- United Kingdom: $56.3 billion (3.6%)
Who does Japan trade with?
In many respects, international trade is the lifeblood of Japan’s economy.
List of the largest trading partners of Japan.
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Who is the biggest trading partner of the EU?
The 10 largest trading partners of the European Union with their total trade (sum of imports and exports) in millions of euro for calendar year 2017 are as follows.
List of the largest trading partners of the European Union.
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Who does France trade with the most?
France incurred the highest trade deficits with the following countries:
- China: -US$34.4 billion (country-specific trade deficit in 2018)
- Germany: -$19.1 billion.
- Netherlands: -$9.2 billion.
- Italy: -$7.6 billion.
- Belgium: -$6 billion.
- France: -$5.5 billion.
- Russia: -$5.5 billion.
- Vietnam: -$4.9 billion.
What country exports the most cars?
Below are the 15 countries that exported the highest dollar value worth of cars in 2018.
- Germany: US$154.7 billion (20.8% of total cars exports)
- Japan: $99.1 billion (13.3%)
- United States: $51.4 billion (6.9%)
- Mexico: $49.4 billion (6.6%)
- United Kingdom: $42 billion (5.6%)
- Canada: $41 billion (5.5%)
What does China import from USA?
About one-fifth of US exports to China consist of agricultural products, including soybeans, which are by far the United States’ largest single export to China. US soybean exports to China totaled almost $15 billion in 2012—up $4.5 billion from a year earlier.
How much do we owe China?
As of October 2018, foreigners owned $6.2 trillion of U.S. debt, or approximately 39 percent of the debt held by the public of $16.1 trillion and 28 percent of the total debt of $21.8 trillion.
When did the US start trading with China?
The United States banned trade with China until the early 1970s. Thereafter trade grew rapidly, and after the full normalization of diplomatic and commercial relations in 1979, the United States became the second largest importer to China and in 1986 was China’s third largest partner in overall trade.
Photo in the article by “Wikimedia Commons”