Overview: In January 2021 China exported $264B and imported $199B, resulting in a positive trade balance of $64.9B. Between January 2020 and January 2021 the exports of China have increased by $76B (40.5%) from $188B to $264B, while imports increased by $46.8B (30.7%) from $152B to $199B.
Trade: In January 2021, the top exports of China were Telephones ($22.6B), Computers ($16.1B), Integrated Circuits ($10.9B), Light Fixtures ($4.54B), and Vehicle Parts ($3.99B). In January 2021 the top imports of China were Integrated Circuits ($31.4B), Crude Petroleum ($16.4B), Iron Ore ($12.6B), Petroleum Gas ($5.12B), and Telephones ($4.86B).
Origins: In January 2021 the exports of China were mainly from Guangdong Province ($67.5B), Jiangsu Province ($38.2B), Zhejiang Province ($37.6B), Shandong Province ($19.3B), and Shanghai Province ($18.6B), while imports destinations were mainly Guangdong Province ($37.7B), Beijing ($27.3B), Shanghai Province ($26.6B), Jiangsu Province ($22.7B), and Shandong Province ($13.6B).
Destinations: In January 2021, China exported mostly to United States ($44.3B), Hong Kong ($26.9B), Japan ($14B), Vietnam ($12.5B), and South Korea ($11.4B), and imported mostly from Taiwan ($18.9B), United States ($16B), South Korea ($15.8B), Japan ($15.4B), and China ($12.2B).
Growth: In January 2021, the increase in China's year-by-year exports was explained primarily by an increase in exports to United States ($11.7B or 36.1%), Vietnam ($6.36B or 103%), and South Korea ($2.94B or 34.6%), and product exports increase in Telephones ($9.4B or 71.3%), Computers ($7.59B or 88.7%), and Integrated Circuits ($6.14B or 129%). In January 2021, the increase in China's year-by-year imports was explained primarily by an increase in imports from United States ($7.42B or 86.4%), Taiwan ($7.06B or 59.9%), and Japan ($5.12B or 50%), and product imports increase in Integrated Circuits ($9.99B or 46.7%), Iron Ore ($4.76B or 60.8%), and Telephones ($2.43B or 99.8%).