China's main trading partners
The General Administration of Customs of China (GACC) on November 7, 2021 published data on Chinese trade updated to October 2021.
Exports reached USD 2.701 billion (+ 31.9% compared to 2020), while imports reached USD 2.191 billion (+ 31.6% compared to 2020) for a total value of USD 4.892 billion (+ 31.8% compared to 2020).
China's first trading partner is the RCEP bloc (ASEAN countries, Japan, South Korea, Australia and New Zealand) with a total value of trade flows of over USD 1.517 billion (31% of Chinese trade).
China's second largest trading partner is the European Union which accounts for 13.7% of China's international trade. Among the EU member countries, Germany (USD 191 billion, + 25.9%), Netherlands (USD 92 billion, + 27.3%), France (USD 69 billion, + 32%), and Italy (USD 60 billion, + 37%) stand out. ). Italy is the country whose trade share grew fastest in 2021.
China's third largest trading partner is the United States with a 12.5% share of Chinese international trade (6.6% of imports and 17.2% of exports). Despite the tensions between the two countries, in the first 10 months of 2021 trade between China and the US grew by about 33% compared to 2020.