Main trade partners of China – additional information
China's trade pattern has been largely influenced by its overall comparative advantage in labor intensive goods. In 2013, China was by far the world's largest trade nation, surpassing even the United States in terms of total merchandise trade value. That year’s goods exports from China had amounted to approximately 2.2 trillion U.S. dollars, while imports of goods had ranged at approximately 1.95 trillion U.S. dollars. Over the past decades, China has gained a lot of importance in international trade as both production and trading economies all over the world have developed close ties to the red dragon.
In 2013, China accounted for approximately 15 percent of Japan's foreign trade, making China the main trade partner of Japan. Japan mainly exports electronic equipment and machines to China and imports manufactured goods such as clothing from China. However, this relation has suffered since 2012 due to a long-running territorial dispute.
China also has tight trade ties to the United States. In 2013, China was the United States' third largest export market after Canada and Mexico. During the past ten years, goods exported from the United States to China and vice versa have grown substantially. By 2015, the United States have turned into China's main export partner with a share of about 18 percent in total exports from China.