Quick Answer: How Many Countries Have China As Their Largest Trading Partner?

What is the most imported item from China?

Most imported items from China are; Its total imported values were US$ 20.6 billion followed by the machinery cost 13.4 billion dollars, organic chemicals of 8.6 billion dollars, and plastic items values at 2.7 billion dollars during 2018-19..

What does India export to USA?

The top export categories (2-digit HS) in 2019 were: mineral fuels ($8.2 billion), precious metal and stone (diamonds) ($6.4 billion), aircraft ($2.8 billion), machinery ($2.4 billion), and organic chemicals ($1.9 billion).

Which country is the US largest trading partner?

U.S. trade with other nations is worth $4.9 trillion per year. China, Canada and Mexico are the country’s largest trading partners, accounting for nearly $1.9 trillion worth of imports and exports.

Who is China’s biggest trade partner?

China’s Top Trading PartnersUnited States: US$418.6 billion (16.8% of China’s total exports)Hong Kong: $279.6 billion (11.2%)Japan: $143.2 billion (5.7%)South Korea: $111 billion (4.4%)Vietnam: $98 billion (3.9%)Germany: $79.7 billion (3.2%)India: $74.9 billion (3%)Netherlands: $73.9 billion (3%)More items…•

What is China’s main export to the US?

The top goods exported from China to the U.S. and their total values for 2018 were electrical machinery ($152 billion), machinery ($117 billion), furniture and bedding ($35 billion), toys and sports equipment ($27 billion), and plastics ($19 billion).

What is China’s main export?

The economy is considered to be relatively open if a country’s exports are around 15 percent or more of GDP. In 2019, China’s major export goods were automatic data processing machines and components, followed by clothes and clothing accessories, mobile phones, textiles, and integrated circuits.

Who is Russia’s largest trading partner?

Top 15China: US$56.8 billion (13.4% of Russia’s total exports)Netherlands: $44.8 billion (10.6%)Germany: $28 billion (6.6%)Turkey: $21.1 billion (5s%)Belarus: $20.5 billion (4.9%)South Korea: $16.4 billion (3.9%)Italy: $14.3 billion (3.4%)Kazakhstan: $14.1 billion (3.3%)More items…•

Is China the largest trading nation in the world?

Feb. 12 – Official figures show that China has officially surpassed the United States as the world’s biggest trading nation in terms of the sum of imported and exported goods.

What are the top 3 Imports of China?

Its top imports are integrated circuits ($207B), crude petroleum ($144B), iron ore ($59B), cars ($46.8B) and gold ($40.3B).

What countries rely on China?

List of largest trading partners of ChinaNo.Country / RegionExports1United States429.72European Union375.13Japan137.24Hong Kong279.217 more rows

Which country has the most trade?

Year-to-Date Total TradeRankCountryExports—Total, All Countries1,578.9—Total, Top 15 Countries1,078.71Canada300.32China122.013 more rows•Oct 6, 2020

Which country is the largest exporter of garments?

ChinaIn 2019, China was the top ranked global textile exporter with a value of approximately 120 billion U.S. dollars. Textiles can refer to the materials used in clothing production, as well as the finished garments.

Which country has best economy?

Best Countries Overall Rank: 1Germany.Denmark.Japan.Australia.Sweden.Netherlands.Norway.Austria.More items…•

Does China rely on the US?

The U.S. and China have been major trading partners for years, and they rely on each other’s supply chain for input into goods and services consumed within their borders.

Which country is the world’s largest international trader?

ChinaChina has been the largest exporter of goods in the world since 2009. 1 Official estimates suggest the country’s total exports amounted to $2.641 trillion in 2019. 2 In 2013, China became the largest trading nation in the world. 1 The United States previously held that position.

Is the US selling rice to China?

CHICAGO (Reuters) – A private importer in China last week bought U.S. rice for the first time ever, in the midst of a trade war between the two nations, a rice industry group said on Wednesday.

Which country is the largest trading partner for almost every country in Asia?

ChinaTop Asian Export CountriesRankExporter%Asia Total1.China36.8%2.Japan10.4%3.South Korea8%4.Hong Kong7.9%6 more rows•Jun 25, 2020

How much of our stuff comes from China?

U.S. goods imports from China totaled $451.7 billion in 2019, down 16.2% ($87.6 billion) from 2018, but up 52.4% from 2009. U.S. goods imports from China are up 342% from 2001 (pre-WTO accession). U.S. goods imports from China account for 18.1% of overall U.S. goods imports in 2019.

Who is the world’s largest importer?

the United StatesThe world’s largest single importer is the United States, with a 13.4% share of global imports equal to $2.6 trillion of goods. Following the U.S. are two other significant economies, each which import over $1 trillion in goods every year: China ($2.1 trillion), and Germany ($1.3 trillion).

Which country is best for stock trading?

These are the top five countries.No. 5: India. India is the only country from 2019 remaining in this year’s top five countries to invest in, holding on to its No. … No. 4: Indonesia. … No. 3: United Kingdom. … No. 2: Thailand. … No. 1: Croatia.

What imports does the US get from China?

Its top three import product categories are the same for the U.S. overall: Machinery & Electrical, followed by Miscellaneous, then Textiles. From January to June 2020, these three categories made up a combined 50% of China’s exports to the U.S. and roughly 41% of overall U.S. imports.