Overview In February 2024 China exported $220B and imported $181B, resulting in a positive trade balance of $39.7B. Between February 2023 and February 2024 the exports of China have increased by $6.25B (2.92%) from $214B to $220B, while imports decreased by $-16.6B (-8.43%) from $197B to $181B.
Trade In February 2024, the top exports of China were Telephones ($12.5B), Integrated Circuits ($10.3B), Computers ($10B), Cars ($5.82B), and Commodities not elsewhere specified ($4.19B). In February 2024 the top imports of China were Crude Petroleum ($25.7B), Integrated Circuits ($24.6B), Iron Ore ($12.9B), Gold ($9.06B), and Petroleum Gas ($6.63B).
Origins In February 2024 the exports of China were mainly from Guangdong Province ($51.2B), Jiangsu Province ($33B), Zhejiang Province ($32.7B), Shandong Province ($16.9B), and Shanghai Province ($16.4B), while imports destinations were mainly Beijing ($32.3B), Guangdong Province ($28.7B), Shanghai Province ($24.1B), Jiangsu Province ($19.6B), and Zhejiang Province ($13.7B).
Destinations In February 2024, China exported mostly to United States ($30.8B), Hong Kong ($15.1B), Japan ($9.57B), South Korea ($9.05B), and Vietnam ($8.23B), and imported mostly from Taiwan ($12.6B), United States ($11.9B), South Korea ($11.7B), Australia ($11.4B), and Japan ($10.3B).
Growth In February 2024, the increase in China's year-by-year exports was explained primarily by an increase in exports to United States ($3.63B or 13.4%), Brazil ($2.44B or 74%), and Mexico ($1.43B or 31.5%), and product exports increase in Centrifuges ($1.2B or 141%), Light Fixtures ($1.19B or 71.7%), and Passenger and Cargo Ships ($1.12B or 132%). In February 2024, the decrease in China's year-by-year imports was explained primarily by an decrease in imports from United States ($-3.49B or -22.7%), Japan ($-2.24B or -17.8%), and Germany ($-2.11B or -25.3%), and product imports decrease in Soybeans ($-1.88B or -39.5%), Gold ($-1.11B or -10.9%), and Other Mineral ($-1.02B or -76.3%).
