Top 10 Key Trading Partners for China in 2023 | Tendata Database (2024)

As the world's largest exporter, mainland China has continued to dominate global trade in 2023. Despite a slight decrease in export value by -5.7% compared to the previous year, mainland China exported products worth a staggering $33.89 trillion globally. This still reflects a substantial increase of 35.6% compared to the pre-pandemic level of $24.98 trillion in 2019.

Facing Limitations in the Domestic Market: Strategies for Overseas Expansion

When domestic market limitations pose challenges, expanding into overseas markets becomes a strategic imperative. To navigate this process effectively, businesses can follow these steps:

1. Identify High-Profit Regions:Utilize customs data to identify regions where your products have high profit potential. Input the product name in Chinese export data to analyze which countries import your products most frequently.
2. Utilize Customs Data for Market Insight:Customs data provides valuable insights into international trade dynamics, allowing businesses to make informed decisions. Analyze the export destinations of similar products to understand market demand and preferences.
3. Case Example: Querying Tea Export Data:To illustrate, let's consider the example of querying tea export data. Input the relevant details in Chinese export data to discover key importers and assess market demand for tea products.

As an example, let's query samples for tea:

When you already have some knowledge about a country and want to tap into its market, you can use Chinese export data to find all importers from that country within the past year. Taking tea as an example, here's a sample query of Chinese export data:

See Also

China de-linking talk is overdone and it's still key to the global economy, Asian Development Bank says

Embarking on cross-border trade and uncertain about profitable countries and products? Chinese export data is your guide! Refer to it to identify countries with higher export volumes and select the products for your focus.

According to Chinese export data, nearly half (47.8%) of China's exports head to Asia, with 21.1% directed to Europe. North America receives 18.6% of China's exported goods, while smaller proportions go to Latin America (4.8%), Africa (4.6%), and Oceania (2.6%).

Top 15 Export Partners for China in 2023, with Percentage of Total Exports:

1. United States: $5020 billion (14.8%)
2. Hong Kong: $2764 billion (8.2%)
3. Japan: $1576 billion (4.7%)
4. South Korea: $1493 billion (4.4%)
5. Vietnam: $1382 billion (4.1%)
6. India: $1178 billion (3.5%)
7. Russia: $1111 billion (3.3%)
8. Germany: $1006 billion (3%)
9. Netherlands: $1003 billion (3%)
10. Malaysia: $881 billion (2.6%)
11. Mexico: $815 billion (2.4%)
12. United Kingdom: $782 billion (2.3%)
13. Singapore: $776 billion (2.3%)
14. Thailand: $759 billion (2.2%)
15. Australia: $740 billion (2.2%)

These 15 countries constitute 62.8% of China's total exports in 2023. Notably, Russia and Mexico increased imports, while the Netherlands, the United States, and Germany saw double-digit declines.

Expanding to China's top 100 export customers, notable growth was observed in Belarus, Tajikistan, Uzbekistan, Libya, Algeria, Kazakhstan, and Russia. Conversely, Norway, Finland, Switzerland, Pakistan, and Ireland experienced significant decreases in purchasing Chinese exports.

Try a free online demo about global import and export data: globaltradedata.com