Major Export and Import in China
Major Export and Import Products of China
China is the largest exporter and second largest importer of goods in the world. Its major trading partners are from various countries which are European Union, United Stated, ASEAN, Japan, Hong Kong, South Korea, Taiwan and etc. As part of China’s continuing effort to become competitive in the global marketplace, China joined the World Trade Organization (WTO) in the year 2001. After China joined the WTO, it has benefited coastal cities especially in the southeast.
According to Economic Watch and Trading Economic of the China Business, the major export products of China in year 2012 included electrical machinery, machinery, knit apparel, furniture and building, technology like optical, photographic, cinematographic, measuring checking, precision, medical or surgical instruments and apparatus, parts and accessories thereof, woven apparel, iron and steel products, plastic, vehicles, footwear and etc. China’s main export partners are US (17.7%), Hong Kong (13.3%). Japan (8.1%). South Korea (5.2%) and Germany (4.1%).
On the other hand, the major import products of China in year 2012 by ascending are electrical machinery, mineral fuel, oil, machinery, ores, slag, and ash, technology like optical, photographic, cinematographic, measuring checking, precision, medical or surgical instruments and apparatus, parts and accessories thereof, vehicles, plastic, special classification, organic chemicals and etc. The main import partners of China in this year are Japan (13.3%), South Korea (9.9 %), US (7.2 %) and Germany (4.9%).
As we know that, China’s abundance of low-cost labor has made it internationally competitive in many low-cost, labor-intensive manufactures. As a result, manufactured products constitute a significant share of China’s trade. A substantial amount of China’s imports is comprised of parts and components that are assembled into finished products, such as consumer electronic products and computers, and then
China is the largest exporter and second largest importer of goods in the world. Its major trading partners are from various countries which are European Union, United Stated, ASEAN, Japan, Hong Kong, South Korea, Taiwan and etc. As part of China’s continuing effort to become competitive in the global marketplace, China joined the World Trade Organization (WTO) in the year 2001. After China joined the WTO, it has benefited coastal cities especially in the southeast.
According to Economic Watch and Trading Economic of the China Business, the major export products of China in year 2012 included electrical machinery, machinery, knit apparel, furniture and building, technology like optical, photographic, cinematographic, measuring checking, precision, medical or surgical instruments and apparatus, parts and accessories thereof, woven apparel, iron and steel products, plastic, vehicles, footwear and etc. China’s main export partners are US (17.7%), Hong Kong (13.3%). Japan (8.1%). South Korea (5.2%) and Germany (4.1%).
On the other hand, the major import products of China in year 2012 by ascending are electrical machinery, mineral fuel, oil, machinery, ores, slag, and ash, technology like optical, photographic, cinematographic, measuring checking, precision, medical or surgical instruments and apparatus, parts and accessories thereof, vehicles, plastic, special classification, organic chemicals and etc. The main import partners of China in this year are Japan (13.3%), South Korea (9.9 %), US (7.2 %) and Germany (4.9%).
As we know that, China’s abundance of low-cost labor has made it internationally competitive in many low-cost, labor-intensive manufactures. As a result, manufactured products constitute a significant share of China’s trade. A substantial amount of China’s imports is comprised of parts and components that are assembled into finished products, such as consumer electronic products and computers, and then