{"id":8562,"date":"2024-11-01T15:47:33","date_gmt":"2024-11-01T05:47:33","guid":{"rendered":"https:\/\/incodocs.com\/blog\/?p=8562"},"modified":"2024-11-01T15:48:54","modified_gmt":"2024-11-01T05:48:54","slug":"what-does-china-import","status":"publish","type":"post","link":"https:\/\/incodocs.com\/blog\/what-does-china-import\/","title":{"rendered":"What China Imports"},"content":{"rendered":"\n<p>China\u2019s imports are essential to fueling its economy, highlighting its reliance on materials and products from around the world.<\/p>\n\n\n\n<p>In this post, we\u2019ll break down China\u2019s main imports and the key countries that play major roles in its trade.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-top-10-product-categories-china-imports-2023\">Top 10 Product Categories China Imports (2023):<\/h2>\n\n\n\n<ol class=\"wp-block-list\">\n<li><strong>Electrical machinery, apparatus, transistors, valves, and parts<\/strong> \u2013 $460,891 million<\/li>\n\n\n\n<li><strong>Petroleum and petroleum products (including crude)<\/strong> \u2013 $377,984 million<\/li>\n\n\n\n<li><strong>Metalliferous ores and scrap<\/strong> \u2013 $264,934 million<\/li>\n\n\n\n<li><strong>Scientific and measuring instruments<\/strong> \u2013 $93,344 million<\/li>\n\n\n\n<li><strong>Gold (non-monetary, excluding ores)<\/strong> \u2013 $91,917 million<\/li>\n\n\n\n<li><strong>Gas (natural and manufactured)<\/strong> \u2013 $84,558 million<\/li>\n\n\n\n<li><strong>Non-ferrous metals (like copper)<\/strong> \u2013 $72,402 million<\/li>\n\n\n\n<li><strong>Road vehicles (including passenger and freight vehicles)<\/strong> \u2013 $70,604 million<\/li>\n\n\n\n<li><strong>Oil seeds and oleaginous fruits<\/strong> \u2013 $66,584 million<\/li>\n\n\n\n<li><strong>Specialised industrial equipment<\/strong> \u2013 $64,577 million<\/li>\n<\/ol>\n\n\n\n<p><strong>Total trade worth of the top 10 commodities:<\/strong> $1,648 billion<br>All Product Categories&nbsp; Total worth of import: $2,557 bln dollars<br><strong>Percentage of total imports:<\/strong> 64.45%<\/p>\n\n\n\n<p>Source: <a href=\"https:\/\/comtrade.un.org\/labs\/data-explorer\/\">Comtrade UN<\/a>&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-top-10-countries-china-imports-from\">Top 10 Countries China Imports From:<\/h2>\n\n\n\n<p>In no particular order;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Australia<\/strong><\/li>\n\n\n\n<li><strong>Russian Federation<\/strong><\/li>\n\n\n\n<li><strong>Republic of Korea<\/strong><\/li>\n\n\n\n<li><strong>Brazil<\/strong><\/li>\n\n\n\n<li><strong>Japan<\/strong><\/li>\n\n\n\n<li><strong>Malaysia<\/strong><\/li>\n\n\n\n<li><strong>United States<\/strong><\/li>\n\n\n\n<li><strong>Other parts of China<\/strong><\/li>\n\n\n\n<li><strong>Germany<\/strong><\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-types-of-imports-and-percentage-breakdown-nbsp\">Types of Imports and Percentage Breakdown&nbsp;<\/h3>\n\n\n\n<p>China imports a variety of goods, with machinery and transport equipment taking the lead. In fact, 38% of what China buys from abroad falls under this category. Electrical machinery, like appliances and equipment, makes up 21% of that share. Road vehicles add 4%, while telecommunications gear and office machines each contribute another 3%.<\/p>\n\n\n\n<p>Energy-related imports are also a major part of China\u2019s trade. They account for 17% of total imports, driven by petroleum products (13%) and natural or manufactured gas (3%). Raw materials like metal ores and scrap make up 14%, showing China\u2019s need for industrial inputs. Chemicals follow at 11%, with organic chemicals and plastics each contributing 3%.<\/p>\n\n\n\n<p>Source: <a href=\"https:\/\/tradingeconomics.com\/china\/imports\">China Imports<\/a><\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-imports-in-august-2024\">Imports in August 2024<\/h3>\n\n\n\n<p>In August 2024, China imported goods worth $218 billion, a slight increase of 0.48% compared to the same month in 2023. Key imports included integrated circuits, crude petroleum, iron ore, petroleum gas, and copper ore. China\u2019s imports from Taiwan, South Korea, and the U.S. increased the most, reflecting strong demand for technology and industrial inputs.<\/p>\n\n\n\n<p>source: <a href=\"https:\/\/oec.world\/en\/profile\/country\/chn\">OEC<\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-also-read\">Also read<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/incodocs.com\/blog\/reduce-shipping-costs-from-china\/\">How to reduce shipping cost when importing from China<\/a><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>China\u2019s imports are essential to fueling its economy, highlighting its reliance on materials and products from around the world. In this post, we\u2019ll break down China\u2019s main imports and the key countries that play major roles in its trade. Top 10 Product Categories China Imports (2023): Total trade worth of the top 10 commodities: $1,648 [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":8563,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[3120],"tags":[3122],"class_list":["post-8562","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-global-trade-news","tag-news"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.0 (Yoast SEO v23.7) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>What does China Import in 2024?<\/title>\n<meta name=\"description\" content=\"Discover the latest data on what China imports, including trade statistics and economic insights for exporters. 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