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China import and export trends

 

China has increased its import and export of goods over the years. Its total value of import and export in 2012 reached USD 3.867 trillion and this raised China to become the world's largest nation and surpassed U.S. in 2012.

 

Below is the chart of China imports and exports and trends from year 1980 - 2012:

 

China import / exports and trends

 

 

China has a total value of imported goods of USD 1818 billion in 2012, average growth as 21% in the past 10 years. This is due to the increase of living standards in China which allow Chinese people to import goods from the international market. Furthermore, the influence of price rises in the international market and the further decrease of custom tax level results the growth of import in China.

 

Below is the chart of China imports and its trends from year 1980 - 2012:

 

China import and trends

 

 

China has a total value of exported goods of USD 2049 billion in 2012, which is an average increase of 22% in the past 10 years. This is due to the following reasons: first, China's exported products increased in its competitiveness and expanded their shares in the international market; second, China's utilization of foreign investment increased over the years achieving USD 111.7 billion in 2012, foreign investments results in the growth of export production; and third, reform on foreign trade system continued since early 19th centuries, and results the rose of partnerships and private enterprises which contribute to the exporting numbers.

 

Below is the chart of China exports and its trends from year 1980 - 2012:

 

China exports and trends

 

Combing the statistics from imports and exports, trade balance from 1986 to 2012 is derived. In 2012, China has an exceedingly high trade surplus of 231 USD billion, an 10 times increase since 2000. An excess trade surplus would result in pressure to appreciate Yuan so as to clear the excess liquidity and to curb inflation. China would need to enhance Yuan’s exchange rate mechanism in a controllable and steady fashion, letting market forces play a major task in the mechanism and enhancing Yuan’s flexibility.

 

Below is the chart of China trade balance and its trends from year 1986 - 2012:

 

China trade balance and trends

 

 

Related topics:

 

1.   China total import and export trends

2.   Trends of China total exports by trade patterns

3.   Trends of China total imports by trade patterns

4.   Trends of China total exports by business types

5.   Trends of China total imports by business types

6.   China major trade partners and trends of top trade partners

7.   China major export markets and trends of top export market

8.   China major import sources and trends of top import source

9.   Top source regions of China trade surplus and trends

10. Top source regions of China trade deficit and trends

11. Top China exporting provinces and trends

12. Top China importing provinces and trends

13. Top China exporting cities and trends

14. Top exported goods and trends of major exported commodities

15. Top imported goods and trends of major imported commodities

16. China customs taxes for imported goods and export tax rebate

17. China foreign currency reserves and trends

 

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