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China Export Import Data with Customs Shipment Details

The silk routes helped in the civilization of the countries around the trade route including China. One of the oldest trade routes in the world was a transcendental network. Though silk was one of the major items traded, other goods such as ivory, gold, cotton, salt, sugar, spices, teas, and porcelain were also traded.  Trade is a vital part of China’s overall economy. Since 1978 China’s economy has modernized tremendously. China joined the World Trade Organization in 2001. In 2013 China surpassed the US and became the largest trading nation in the world. China has signed free trade agreements with various countries around the world such as China-Australia Free Trade Agreement, China-South Korea Free Trade Agreement, ASEAN-China Free Trade Agreement, China-Switzerland Free Trade Agreement, and China-Pakistan Free Trade Agreement.

 

Today China is the world’s largest exporter and the second-largest importer in the world. China has an enormous trade surplus. According to China’s export-import data China exported 2.486.7 billion USD and imported 2,135.7 billion USD. China's trade surplus was 395.2 billion USD. By 2018 China contributed to 12.4% of the total global trade.

 

China export-import data is collected from custom ports all over China. The data is collected from the information the bill of lading and shipping manifest submitted to custom at custom ports across China. The information collected usually contains product information (product description, HS codes), product quantity ( unit quantity and total quantity), the value of the consignment, name and contact details of importer and exporter, the port of origin with the date of dispatch and destination port and port of transshipment if any. 

 

China export-import data is used by importers and exporters to formulate business tool. The data can help them in the following ways:- 

  • Analyze market trends and changing consumption patterns and preferences. Exporters can find new markets to sell their products and importers can find new countries to source their products. 
  • The data allows exporters to price their products competitively. Importers can use the information to bargain more effectively and to calculate the landed cost of the product. The custom import rates
  • In a global economy, the raw material is often bought from other countries. The data allows traders to plan where they can acquire raw materials at the best rates. 
  • Manufacturers can use the data to find out international rates of the raw materials and finished products. They can alternative sources more easily. 
  • The data allows importers and exporters to find potential buyers and sellers for their products easily.
  • Importers and exporters use the information to prevent overestimating or underestimating quantity to be traded. 
  • International events and changes in government policy can impact the import and export of goods. The source allows them to find alternate sources of the product due to policy changes. 
  • Importers and exporters dealing in multiple products can find get information from a centralized database. 
  • Logistical companies can use the data to find new customers. 
  • Bankers use the import-exports database to look for new customers. Credit farcicalities such as bank guarantee and letter of credit are important to carry out international trade.
  • The data helps policymakers formulate government, economic and foreign policies.
  • International rating companies use the data to analyze the growth prospects of the country.

 

Import-export data is used by countries to formulate policies about the economy including taxation, fiscal and monetary policy, infrastructure policy, foreign policy, and trade negotiations. 

According to China’s export data was 2.499 trillion USD. Overall China showed a 19.5% increase in exports from 2.486 trillion USD in 2018. Exports in China have increased by 2.5% per annum from 2002 to 2017. Exports formed 19.51% of the GDP.  

 

The major products exported from China are:- 

  • Electrical machinery and equipment (26.9% of total exports)
  • Machinery including computer (16.7% of total exports)
  • Furniture and bedding (4% of total exports)
  • Plastics and plastic articles (3.4% of total exports)
  • Vehicles (3% of total exports)
  • Optical and medical apparatus (2.9% of total exports)
  • Knit or Crochet clothing and accessories (2.9% of total exports)
  • Articles of iron or steel (2.8% of total exports)
  • Clothing, accessories (2.7% of total exports)
  • Toys and games (2.5 % of total exports)

 

China export data revealed that the top ten export commodities accounted for 67.7% of the total products exported by China. Toys and games were the fastest-growing segments showing a 10.7% growth. The second and third fastest export sectors were iron and steel (6.1%) and plastics (5.3%) respectively. The knit and non-crotchet clothing category saw a 6.5% drop in exports. 

 

Analysis China export data revealed that approximately 49% (by value) of Chinese exports were to Asia, 20.1% of commodities were exported to North America and 19.9% of commodities were exported to Europe.  Top exporting partners of China are:- 

  • United States 418.6 billion USD
  • Hong Kong 279.6 billion USD
  • Japan 143.2 billion USD
  • South Korea 111 billion USD
  • Vietnam 98 billion USD
  • Germany 79.7 billion USD
  • India 74.9 billion USD
  • Netherlands 73.9 billion USD
  • United Kingdom 62.3 billion USD
  • Taiwan 55.1 billion USD. 

 

China has become a manufacturing hub of the world. China accounts for a major portion of global trade in natural resources such as iron ore, aluminum, coal, and copper. The dependence on agricultural commodities has increased significantly in the last decade. According to China import data was 2.069 trillion USD in 2019. During the last five years, China’s imports have increased by 1.3% per annum. 

 

Major products exported to China -  

  • Electrical machinery and equipment (24% of total imports)
  • Mineral fuels including oil (16.6% of total imports)
  • Machinery including computer (9.2% of total imports)
  • Ores, slag, ash (7.9% of total imports)
  • Optical and medical equipment (4.8% of total imports)
  • Vehicles (3.6% of total imports)
  • Plastic and plastic articles (3.5% of total imports)
  • Gems, precious metals (2.9% of total imports)
  • Organic Chemicals (2.8% of total imports)
  • Copper (2% of total imports) 

 

Analysis of China import data showed the top import commodities accounted for 77.3% of total products imported to China. Imported ores, slag, and china were the fastest-growing segment showing 20.4% of growth. Crude oil imports went up by 4.5% and while coal imports went up 18.5%. While Copper imports went down by 14.4% and organic chemicals imports went down by 14.2%. 

 

Top importing partners of China are:- 

  • United States (167 billion USD)
  • Taiwan (158 billion USD)
  • Korea (143 billion USD)
  • Japan (131 billion USD)
  • Germany (115.6 billion USD)
  • Australia (88.9 billion USD)
  • Malaysia (63.9 billion USD)
  • Saudi Arabia (62.4 billion USD)
  • South Africa (55.4 billion USD)
  • Brazil (54.7 billion USD)

 

A study of China’s import data shows 55.4% of China’s total imports are from Asian countries, while 18.1% of were from Europe. North America accounted for 8% of total imports. China has 34 major ports and 2000 minor ports. Most of the major seaports open up to the Yellow Sea, Taiwan Strait, Pearl River, and the South China Sea. Chinese port has world-class infrastructure, seven of the top ten ports in the world are in China. Port capacities are mentioned in TEU. Where TEU is Twenty-Foot equivalent is used to describe the capacity of Cargo ships and container terminals.

 

The major ports in China are:-

  • Shanghai (42 million TEU) 
  • Port of Shenzen(27.7 million TEU) 
  • Port of Ningbo-Zhoushan  (26.3 million TEU)  
  • Port of Guangzhou (21.8 million TEU) 
  • Port of Hong Kong (20 million TEU)
  • Port of Qingdao (18. 2 million TEU)
  • Port of Tianjin (15.97 million TEU)
  • Port of Xiamen (10.00 million TEU)
  • Port of Dalian (9.77 million TEU)
  • Port of Yingkou (5.92 million TEU)

 

 

Seair Exim Solutions is a leading import export data provider company. It offers updated, 100% genuine, and reliable global trade data of more than 80 countries of the world such as India, USA, Russia, Kenya, Mexico, Indonesia, Sri Lanka, Vietnam, Pakistan etc. Our major services are USA imports data, Indian import data, India export data, import data Indonesia, Vietnam export data, Russia customs data, Mexico trade data, Kenya shipment data etc. You can find various free resources related to import export business like HS code list, HS code search, HS code Finder,  sac code list, sac code finder, custom duty in India, custom duty calculator, foreign ports, trading partners of India, GST rates in India, GST rates list and many more on our website –seair.co.in.

For free sample data report and free live demo data search

Phone No: +91-11-41325515, +91-9990020716

Email Id- Info@seair.co.in

 


  • Seair Exim
  • 28-Apr-2020

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