International trade partners of China – additional information
As of 2017, China was the world’s second largest importer of merchandise goods, representing 10.2 percent of worldwide imports. Over the last decade, the value of imports to China had increased significantly.
In 2017, the European Union had been China’s most important import trade partner with an import value of about 1.65 trillion yuan. Around 83 percent of China’s imports from the European Union were manufactured goods; main import goods to China were machinery and transport equipment.
With a surplus of 421.4 billion U.S. dollars in 2017, China is still the nation with the highest trade surplus worldwide. Nevertheless, a rising number of economists have estimated a downturn in the economic development of China. Goods imports to China fell for the first time in 2014 since the global crisis of 2009. Monthly import and export growth rates in China in December of 2018 were the worst since 2016.