What Is China Biggest Trading Partner?

China’s Top Trading Partners

  • United States: US$479.7 billion (19.2% of total Chinese exports)
  • Hong Kong: $303 billion (12.1%)
  • Japan: $147.2 billion (5.9%)
  • South Korea: $109 billion (4.4%)
  • Vietnam: $84 billion (3.4%)
  • Germany: $77.9 billion (3.1%)
  • India: $76.9 billion (3.1%)
  • Netherlands: $73.1 billion (2.9%)

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.

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 the US number 1 trading partner?

List of the largest trading partners of the United States

Rank Country/District Trade Balance
1 China -375,576
2 Canada -17,054
3 Mexico -70,953
4 Japan -68,876

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What country does China trade with the most?

The top export destinations of China are the United States ($476B), Hong Kong ($255B), Japan ($157B), Germany ($109B) and South Korea ($98.1B). The top import origins are Other Asia ($151B), South Korea ($149B), Japan ($136B), the United States ($133B) and Germany ($95B).

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Who is Russia biggest trading partner?

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.

Who is Mexico’s largest trading partner?

Mexico posted the highest trade surpluses with the following countries:

  1. United States: US$128.7 billion (country-specific trade surplus in 2018)
  2. Canada: $3.3 billion.
  3. Colombia: $1.8 billion.
  4. Guatemala: $1.4 billion.
  5. Peru: $1.2 billion.
  6. Panama: $1.1 billion.
  7. Venezuela: $931 million.
  8. Australia: $909.3 million.

What are China’s main imports?

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.
  • Tea.
  • Rice.
  • Soybeans.
  • Crude Oil.
  • Iron Ore.

What is China biggest export to the US?

China’s Top 10 Exports

  1. Electrical machinery, equipment: US$664.4 billion (26.6% of total exports)
  2. Machinery including computers: $430 billion (17.2%)
  3. Furniture, bedding, lighting, signs, prefab buildings: $96.4 billion (3.9%)
  4. Plastics, plastic articles: $80.1 billion (3.2%)
  5. Vehicles: $75.1 billion (3%)

What is China known for producing?

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. China is a world leader in many types of goods.

Who is the UK’s biggest trading partner?

List of the largest trading partners of United Kingdom

Rank Country Imports
Total for non-EU 192,058,774,831
European Union (Total) 220,149,955,910
1 Germany 60,859,846,783
2 United States 35,290,616,559

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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.

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.

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How much does China import from the US?

U.S. goods imports from China totaled $539.5 billion in 2018, up 6.7% ($34.0 billion) from 2017, and up 59.7% from 2008. U.S. imports from are up 427% from 2001 (pre-WTO accession). U.S. imports from China account for 21.2% of overall U.S. imports in 2018.

Why China is the biggest exporter in the world?

China has been the world’s largest exporter of goods since 2009. Official estimates suggest Chinese exports amounted to $2.097 trillion in 2017. Since 2013, China has also become the largest trading nation in the world. These raw materials are exported to other countries to be processed and reassembled.

Which country is the largest trading partner of India?

India incurred the highest trade surpluses with the following countries:

  • Nepal: $6.9 billion.
  • Netherlands: $5 billion.
  • Sri Lanka: $3.3 billion.
  • Turkey: $3.3 billion.
  • United Kingdom: $2.7 billion.
  • Spain: $2.4 billion.
  • United Arab Emirates: $2.2 billion.
  • Kenya: $2 billion.

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.

Does Canada trade with Russia?

In 2012, Canada–Russia merchandise trade totalled $2.7 billion, comprised of $1.7 billion in Canadian exports to, and $1.0 billion in imports from, Russia. The value of Canada’s exports to Russia increased by 10.3% between 2011 and 2012, while the value of Canada’s imports from the country declined by 22.7%.

What is the largest minority group in Russia?

Ethnic groups of Russia, 1926-2010

Ethnic group Language family 2010 Census
%
Russians Indo-European 80.9%
Tatars Turkic 3.9%
Ukrainians Indo-European 1.4%

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What is imported from Mexico to USA?

In 2015, the U.S. imported $295 billion worth of products from Mexico, according to government trade data. The top category was cars and car parts, most of them owned by American automakers and intended for the U.S. market. The U.S. also relies heavily on Mexico for machinery, oil and agricultural products.

What are the top 5 Exports of Mexico?

Mexico’s Top 10 Exports

  1. Vehicles: US$115.5 billion (25.6% of total exports)
  2. Electrical machinery, equipment: $81.9 billion (18.2%)
  3. Machinery including computers: $75.4 billion (16.7%)
  4. Mineral fuels including oil: $29.7 billion (6.6%)
  5. Optical, technical, medical apparatus: $19 billion (4.2%)
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What is Mexico’s main import?

Economy of Mexico

Statistics
Export goods automobiles, electronics, televisions, computers, mobile phones, LCDs, oil and oil products, silver, fruits, vegetables, coffee, cotton.
Main export partners United States 80.3% Canada 2.7% China 1.5% Spain 1.5% Brazil 1.2% (2014 est.)
Imports $417.3 billion (2017 est.)

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What is China’s biggest industry?

Manufacturing is by far the biggest industry in China accounting for 46.8% of the country’s GDP which is attributed to China’s intense investment in its heavy industries.

What is China’s main industry?

As of 2015, the manufacturing industrial sectors contribute 40% of China’s GDP. The manufacturing sector produced 44.1 percent of GDP in 2004 and accounted for 11.3 percent of total employment in 2006. China is the world’s leading manufacturer of chemical fertilizers, cement, and steel.

Where is most manufacturing done in China?

Shanghai

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.

Rank Country Export (2016)
1. United States 107
2. France 101
3. United Kingdom 86
4. Netherlands 79

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Who buys 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%)

Does Canada have a trade deficit with USA?

In 2016, the goods and services trade between the two countries totaled $627.8 billion. The United States had a $12.5 billion trade surplus with Canada in 2016. Canada has historically held a trade deficit with the United States in every year since 1985 in net trade of goods, excluding services.

Photo in the article by “United States Department of State” https://www.state.gov/foreign-operations-assistance-azerbaijan/

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