It is pretty amazing how China has conquered the world with their various products. It seems that wherever you go, there is always a China product at hand. Many people may wonder about China’s export import success, but economic analysts have foreseen this way back before. Indeed, China’s success in its import export endeavors is overwhelming. Just recently, its exports soared 46{a70c91ee53366846886d8765ec7a8767f2dfb0777e317852963018425441c163} from a year earlier. This is a clear indication that China’s export endeavors is going no other way, but up.
China has not only invaded its neighboring regions in Asia, but the United States and Europe as well. The US standards and the European standards are known for its strict compliance, thus for products to be able to pass through these standards, quality must be assured. The recent increase in China’s exports is attributed to textiles, motorcycles, and televisions in addition to its existing top selling export products.
Some of the highest grossing exports of China include electrical machinery and equipment, apparel, iron and steel, footwear and accessories, optics and medical equipment, furniture, toy and games, power generation equipment, leather and travel goods, and plastics. Surprisingly, the United States is the top export destination of China. Other export destinations include Hong Kong, Japan, South Korea, Germany, The Netherlands, United Kingdom, Singapore, India, and Australia. Each of these countries patronizes a considerable amount of China goods and products.
On the other hand, China trades with other countries as well. In fact, the United States has a considerable amount of import products to China too. Topping the list of these imports from the United States is electrical machinery and equipment. Other imports include oil seeds and oleaginous fruits, power generation equipment, air and spacecraft, plastics, optics and medical equipment, pulp and paperboard, organic chemicals, and vehicles.
While the United States leads as China’s top export partner, China trades with other countries as well. Countries like Hong Kong, Japan, South Korea, India, Singapore, Malaysia, Germany, and Taiwan are among China’s top trading partners. These countries import and export goods and products to and from China.
Some of the largest imports of China come from Japan. The United States only comes fourth in China’s top import suppliers. Although there are still a lot of US products that are imported to China, South Korea and Taiwan have more. Import products from these countries are also used by China in manufacturing products that are sent out as exports also. Moreover, China also imports products from Saudi Arabia, Thailand, Brazil, Malaysia, Australia, and Germany. Correspondingly these imports come as commodity goods or as raw materials for China products. Thus, the trading that happens between China and these other countries are actually beneficial to all of them. Today, more countries are considering import export partnership with China.
