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List of Top Trading Partners of China in 2023-24

China top trade partners

Key highlights: 

  • As per the China export database, total exports from China stood at US$ 3.73 trillion in 2023-24.
  • According to China customs data, total imports into China stood at US$ 2.16 trillion in 2023-24. 
  • In 2023-24, Major trading partners of China are the United States, Japan, South Korea, Hong Kong and Taiwan.
  • As per china import export data, Top China Exporting countries are the United States, Hong Kong, Japan, South Korea and Vietnam.
  • The Top China Importing countries are Taiwan, United States, South Korea, Japan and Australia. 

China is home to 17% of the world's population, which makes it the biggest consumer of many goods and commodities.

Due to its large workforce, China produces many products in huge bulk, which allows it to meet many products' overall domestic demand and export them to other countries. Conversely, China is one of the top importers of many products.

In this blog, we will discuss China’s top trading partner, China, which helps China maintain exports and imports. Apart from that, we will have an overview of the top Chinese export partners and import partners.

Firstly let's discuss the China customs database!

China Import Export Data

  • As per the China export database, total exports from China stood at US$ 3.73 trillion in 2023-24.
  • China is the biggest exporter of the world. The top exports of China in 2023-24 includes
    • Broadcasting equipments ($276 billion)
    • Integrated Circuit ($215 billion)
    • Computer ($214 billion)
    • Office machine parts ($118 billion)
    • Semiconductor Devices ($74 billion)
       
  • According to China customs data, total imports into China stood at US$ 2.16 trillion in 2023-24. 
  • China is the second largest importer of the world. The top imports of China in 2023-24 includes 
    • Crude petroleum ($290 billion)
    • Integrated circuits ($235 billion)
    • Iron ore ($108 billion)
    • Petroleum gas ($76 billion)
    • Gold ($70 billion)

Now, let’s discuss  China largest trade partners!


Top 10 Trading Partners of China

Here is list of biggest trading partners of China:

Top 10 Trading Partners of China

S.No Major Trading Partners of China Total Trade Value
1 United States US$ 664.5 Billion
2 Japan US$ 310.8 Billion
3 South Korea US$ 310.7 Billion
4 Hong kong US$ 288.2 Billion
5 Taiwan US$ 267.8 Billion
6 Russia US$ 240.1 Billion
7 Vietnam US$ 229.8 Billion
8 Australia US$ 229.1 Billion
9 Germany US$ 206.8 Billion
10 Malaysia US$ 190.2 Billion


Here is the detailed list of China top trading partners 2023-24:

1. United States: The United States is top trading partners of China With a total trade volume of over US$ 664.5 billion in 2023-24. The US is a major source of imports for China, including soybeans, integrated circuits and crude petroleum. China’s main exports to the US include broadcasting equipment, computers and office machine parts. Also get US import data

2. Japan: As per China export data, Japan is China's second major trading partner, with a total volume of trade of US$ 310.8 Billion in 2023-24. The main exports from China to Japan include cement, headgear and copper. China’s main import from Japan includes machines, textile and chemical products.

3. South Korea: South Korea is at 3rd positon among top trading partners of China,  with a total volume of trade of US$ 310.7 Billion in 2023-24. The main exports from China to South Korea include iron and steel, plastic, and machinery. China’s main import from South Korea includes integrated circuits, cyclic hydrocarbons and broadcasting equipment.

4. Hong Kong: As per China export data, Hong Kong is the 4th largest trading partner of China, with a total trade volume of over US$ 288.2 Billion in 2023-24. Hong Kong is a major source of imports for China , including gas turbines, gold and pitted fruits. China’s main exports to Hong Kong include broadcasting equipment, integrated circuits and office machine parts.

5. Taiwan: Taiwan is at 5th position among top trading partners of China, with a total volume of trade of US$ 267.8 Billion in 2023-24. The main exports from China to Taiwan include broadcasting equipment, integrated circuits and office machine parts. China’s main import from Taiwan includes machinery, electronics, metals and rubbers.

6. Russia: As per China export data, Russia is China's 6th largest trading partner, with a total volume of trade of US$ 240.1 Billion in 2023-24. The main exports from China to Russia include computers, large construction vehicles and broadcasting equipment. China’s main import from Russia includes petroleum gas, crude petroleum and coal briquettes.

7. Vietnam: Vietnam is China's 7th biggest trade partner, with a total volume of trade of US$ 229.8 Billion in 2023-24. The main exports from China to Vietnam include silk, vegetable fat and oil, and nickel. China’s main import from Vietnam includes telephone, broadcasting equipment, and integrated circuits.

8. Australia: As per China export data, Australia is at 8th position among top trading partners of China, with a total volume of trade of US$ 310.7 Billion in 2023-24. The main exports from China to Australia include electronic circuits, shipping containers and semi-trailers. China’s main import from Australia includes iron ore, gas and oil.

9. Germany: Germany is the 9th largest trading partners of China,  with a total volume of trade of US$ 206.8 Billion in 2023-24. The main exports from China to Germany include broadcasting equipment, integrated circuits and office machine parts. China’s main import from Germany includes machinery, electronics, metals and rubbers.

10. Malaysia: Malaysia is the 10h largest trading partners of China, with a total volume of trade of US$ 190.2 billion in 2023-24. The main exports from China to Malaysia include refined petroleum, printed circuit boards and integrated circuits. China’s main import from Malaysia includes machinery, electronics, and chemical products.

Let's have a look at China biggest export partners!

Top China Exporting Countries

Here is list of top China export partners:

Top China Exporting Countries

S.No Top China Exporting Countries Total Export Value
1 United States US$ 500.3 Billion
2 Hong kong US$ 274.5 Billion
3 Japan US$ 157.5 Billion
4 South Korea US$ 149.0 Billion
5 Vietnam US$ 137.6 Billion
6 India US$ 117.7 Billion
7 Russia US$ 111.0 Billion
8 Germany US$ 100.6 Billion
9 Netherlands US$ 100.2 Billion
10 Malaysia US$ 87.4 Billion


As per the China export database, the United States is in first place among the top China exporting countries. China is the source of about 18% of all imports into the US. In 2023–24, China exported goods worth around $500 billion. China is the largest export partner, followed by Hong Kong and Japan.

Let's explore China's biggest import partners!

Top China Importing Countries

Here is list of China largest import partners:

Top China Importing Countries

S.No Top China Importing Countries Total Import value
1 Taiwan US$ 199.3 Billion
2 United States US$ 164.2 Billion
3 South Korea US$ 161.7 Billion
4 Japan US$ 160.5 Billion
5 Australia US$ 155.4 Billion
6 Russia US$ 129.1 Billion
7 Brazil US$ 122.4 Billion
8 Germany  US$ 106.2 Billion
9 Malaysia US$ 102.9 Billion
10 Vietnam US$ 92.2 Billion


According to China import export data of 2023-24, the neighbouring country of China, Taiwan is the biggest China import partner. Being at the top of China's major importers,  Taiwan exported  goods worth US$ 199.3 Billion in 2023-24.

The above list shows the top China importing countries which help to make available the goods that are not available in enough quantity in China.

How to Get Global Trade Data?

Since globalisation, trade between countries is increasing rapidly. To enter the international market, traders need to obtain global trade data to understand the latest market trend, statistics related to top exporting countries, top importing countries and more. Seair Exim Solutions provide easy to use trade data of 130+ countries with just one subscription.

Wind Up!

China is one of the largest economies in the world. It is rich in many resources and has a large population which makes it the top exporter and importer in the world. There are a lot of traders who need global trade data or global trade insights. So if you want specific data country-wise, product wise or products HS Codes, connect with us on our extensive dashboard of Seair Exim Solutions.

 

Frequently Asked Questions

Q1. Who are China's largest trading partners in 2023?

According to China Import Export Data, the top trading partners of China are the United States, Japan, South Korea, Hong Kong and Taiwan.

Q2. Who are China's trading partners in 2024?

As per China Export Data of 2024, the biggest trading partners of China are the United States, Japan, Vietnam, Hong Kong and Taiwan.

Q3. Who are China's top trading partners?

According to China Import Export Data, the top trading partners of China are the United States, Japan, South Korea, Hong Kong and Taiwan.

Q4. What is China's main export?

As per China export database, The main exports of China in 2023-24 includes Broadcasting equipments, Integrated Circuit, Computer, Office machine parts, and Semiconductor Devices.

Q5. How to get China export data?

Seair Exim Solutions is the end platform to obtain China export data which covers china exporters data, china custom data, product shipment details and more.

Q6. What is China's most valuable export?

As per China Customs data, The most valuable exports of China in 2023-24 includes Broadcasting equipments, Integrated Circuit, Computer, Office machine parts, and Semiconductor Devices.

 

Top Trading Partners of China

China major trade partners: United States

China major trade partners: Russia

China major trade partners: South Korea

China Global Partners

China export partner: Vietnam

China import partner: Brazil

China Trading countries

China exporting countries 

China importing countries

  • Seair Exim
  • 19-Jul-2024

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