In 2007, the top source regions of China trade
surplus are derived from Hong Kong and USA with 172
and 163 USD billion worth in value respectively. The
amount of trade surpluses from Hong Kong, USA, with
the addition of Netherlands and UAE have soared
relative to 2001. In 2007, China’s surplus from Hong
Kong has grown by 4.6 times, surplus with USA- 5.8
times while surplus with Netherlands had increased
by 6.3 times during the 6 years. The burgeoning
surplus is due to the increasing competition from
China’s manufacturing industries such as textile and
apparels. China’s has gained comparative advantage
in this area and thus, products made in China have
gained widespread popularity. Other factors
include: the depreciation of US dollar relative to
the euro and Canadian dollar has caused US import
demand to divert towards China’s exports markets as
well. Furthermore, China has also shown to be
proficient at making more complicated products such
as auto parts and vehicles.
Below is the chart of China top 10 sources (countries / regions) of trade
surplus for the year 2007:
Below is the chart of trend of China top 5 sources (countries / regions) of trade surplus from year 2001 - 2011:
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