Overview In March 2024 China exported $280B and imported $221B, resulting in a positive trade balance of $58.6B. Between March 2023 and March 2024 the exports of China have decreased by $-35.9B (-11.4%) from $316B to $280B, while imports decreased by $-6.27B (-2.76%) from $227B to $221B.
Trade In March 2024, the top exports of China were Telephones ($14.9B), Integrated Circuits ($14.6B), Computers ($13.7B), Cars ($7.31B), and Commodities not elsewhere specified ($5.27B). In March 2024 the top imports of China were Integrated Circuits ($31.4B), Crude Petroleum ($29.4B), Gold ($13.2B), Iron Ore ($12.7B), and Petroleum Gas ($7.19B).
Origins In March 2024 the exports of China were mainly from Guangdong Province ($59.5B), Jiangsu Province ($40.5B), Zhejiang Province ($38.8B), Shandong Province ($27.7B), and Shanghai Province ($20.4B), while imports destinations were mainly Beijing ($38.6B), Guangdong Province ($37.9B), Shanghai Province ($29.9B), Jiangsu Province ($22.4B), and Zhejiang Province ($16.1B).
Destinations In March 2024, China exported mostly to United States ($36.7B), Hong Kong ($25.9B), Vietnam ($14.9B), Japan ($13B), and South Korea ($13B), and imported mostly from Chinese Taipei ($15.4B), South Korea ($15B), Japan ($13.9B), United States ($13.8B), and Australia ($13B).
Growth In March 2024, the decrease in China's year-by-year exports was explained primarily by an decrease in exports to United States ($-6.95B or -15.9%), Netherlands ($-2.04B or -22.1%), and India ($-2.01B or -19.2%), and product exports decrease in Semiconductor Devices ($-2.14B or -30.3%), Electric Batteries ($-1.27B or -20.5%), and Telephones ($-1.27B or -7.84%). In March 2024, the decrease in China's year-by-year imports was explained primarily by an decrease in imports from United States ($-2.3B or -14.3%), Saudi Arabia ($-1.59B or -25.5%), and Chinese Taipei ($-1.54B or -9.12%), and product imports decrease in Other Mineral ($-1.55B or -80.9%), Soybeans ($-1.53B or -33.7%), and Crude Petroleum ($-1.05B or -3.45%).
