The world’s largest exporter by value, China exported US$2.591 trillion worth of goods around the globe in 2020. That dollar amount reflects a 22.3% gain since 2016 and a 3.7% increase from 2019 to 2020. That dollar amount also represents 13.8% of overall global exports (based on the total $19.709 trillion for 2019). Applying a continental lens, almost half (47.6%) of China … [Read more...] about China’s Top Trading Partners
Import News
Taiwan’s Top 10 Imports
An East Asian island surrounded by the People’s Republic of China, Japan and the Philippines, Taiwan imported US$287.4 billion worth of goods from suppliers located around the globe in 2020. That dollar amount reflects a 25.5% increase since 2016 and a 0.5% uptick from 2019 to 2020. Based on the average exchange rate for 2020, the new Taiwan dollar appreciated by 8.5% against … [Read more...] about Taiwan’s Top 10 Imports
Top Chinese Trade Balances
Mobile phones and computers represent major factors driving China’s highest trade surpluses by product, while the United Kingdom and Singapore placed first and second respectively among trade partners at the expense of which the People’s Republic posted its highest positive trade balances. China’s total trade balance for all products equaled a positive US$535 billion in 2020, … [Read more...] about Top Chinese Trade Balances
China’s Top 10 Imports
The People’s Republic of China imported US$2.056 trillion worth of goods from around the globe in 2020. That dollar amount reflects a 29.4% increase since 2016 but a -0.6% downtick from 2019 to 2020. Based on the average exchange rate for 2020, the Chinese yuan has depreciated by -3.9% against the US dollar since 2016 but increased by 0.1% from 2019 to 2020. China's weaker … [Read more...] about China’s Top 10 Imports
Gold Imports by Country
Worldwide purchases of imported gold totaled an estimated US$306.2 billion in 2019. The overall value of gold imports rose by an average 21.7% for all importing countries since 2015 when gold purchases were valued at $251.7 billion. Year over year, gold imports increased by 0.1% from 2018 to 2019. From a continental perspective, European countries bought the highest dollar … [Read more...] about Gold Imports by Country
