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Change in monthly exports in China 2017-2020

In December 2020, the export value in China increased by about 18.1 percent compared to the same period of the previous year. The total exports amounted to around 282 billion U.S. dollars in December 2020.

Export industry development

In the past decade, China has been the largest exporter of goods in the world, accounting for over 13 percent of the total global merchandise exports as of 2019. China exports around a third of all household and hi-tech goods traded worldwide and nearly a quarter of all textile and apparel. The country’s exports dropped significantly the year after the global financial crisis of 2007-2008 yet reached its record growth of 31.3 percent in 2010. Since 2017, Chinese export growth has been decelerating as a result of the Sino-U.S. trade war as well as the global economic slowdown.

Export partners

The European Union, United States, and ASEAN countries were China’s leading export trade partners in 2019. These regions accounted for nearly half of all exports from China that year. The European Union surpassed the U.S. in imports from China for the first time, whereas the U.S. share of 16.7 percent dropped to the lowest point since 2013.

Annual change in the value of monthly exports in China from December 2017 to December 2020

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Source

Release date

January 2021

Region

China

Survey time period

December 2017 to December 2020

Supplementary notes

*From 2020, the source started grouping figures for January and February together to curb the influence of the Chinese New Year on the statistic. Chinese New Year falls between January 21 and February 21.

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