Overview In July 2022 China exported $333B and imported $232B, resulting in a positive trade balance of $101B. Between July 2021 and July 2022 the exports of China have increased by $50.3B (17.8%) from $283B to $333B, while imports increased by $5.62B (2.49%) from $226B to $232B.
Trade In July 2022, the top exports of China were Computers ($17.6B), Telephones ($17.1B), Integrated Circuits ($12.8B), Semiconductor Devices ($6.43B), and Electric Batteries ($5.33B). In July 2022 the top imports of China were Integrated Circuits ($34.5B), Crude Petroleum ($30.2B), Iron Ore ($11.5B), Gold ($9.96B), and Petroleum Gas ($6.44B).
Origins In July 2022 the exports of China were mainly from Guangdong Province ($65.6B), Jiangsu Province ($50.6B), Zhejiang Province ($50.4B), Shandong Province ($30.8B), and Shanghai Province ($26B), while imports destinations were mainly Beijing ($38.5B), Guangdong Province ($36.8B), Shanghai Province ($34B), Jiangsu Province ($26B), and Shandong Province ($16.8B).
Destinations In July 2022, China exported mostly to United States ($55B), Hong Kong ($23.7B), Japan ($15.9B), South Korea ($14.3B), and Vietnam ($12.6B), and imported mostly from Taiwan ($19.7B), South Korea ($16.8B), Japan ($15.7B), Australia ($14B), and United States ($13.5B).
Growth In July 2022, the increase in China's year-by-year exports was explained primarily by an increase in exports to United States ($11.7B or 36.1%), Vietnam ($6.36B or 103%), and South Korea ($2.94B or 34.6%), and product exports increase in Telephones ($9.4B or 71.3%), Computers ($7.59B or 88.7%), and Integrated Circuits ($6.14B or 129%). In July 2022, the increase in China's year-by-year imports was explained primarily by an increase in imports from United States ($7.42B or 86.4%), Taiwan ($7.06B or 59.9%), and Japan ($5.12B or 50%), and product imports increase in Integrated Circuits ($9.99B or 46.7%), Iron Ore ($4.76B or 60.8%), and Telephones ($2.43B or 99.8%).