The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.The top product import tariffs by their MFN Ad Valorem value for China are Click any of the products in the bar chart to see the specific Ad Valorem Duty Rates by partner country.During the last 20 years China's economy has become relatively more complex, moving from the 59th to the 30th position in the ECI rank.These economic complexity rankings use 6 digit exports classified according to the HS96 classification. undo CMS.Section.Reset visualizations We consider only countries with population of at least 1 million and exports of at least $1 billion, and products with world trade over $500 million. In 2013, for example, China exports were valued at $2.21 trillion and imports totaled $1.95 trillion. Click any of the Subnational Level in the geomap to visit the specific subnational profile.The highest complexity exports of China according to the product complexity index (PCI) are The top export opportunities for China according to the relatedness index, are N/A. China is the second-largest economy considering nominal GDP, at $14.14 trillion, and the largest using GDP (PPP), which is $27.31 trillion. In 2016, China was by far the world’s leading exporter, exporting goods valued at a total of USD 1,990,000,000,000 in the year. June 2020 Trade in Goods and Services. The product space can be used to predict future exports, since countries are more likely to start exporting products that are related to current exports. The barchart show only products that China is not specialized in. The top services exported by China in 2018 were Other business services ($66.2B), Transportation ($42.3B), Travel ($40.4B), Computer and information services ($30B), and Construction services ($13.6B).The top services imported by China in 2018 were Travel ($277B), Transportation ($109B), Other business services ($47B), Royalties and license fees ($35.8B), and Computer and information services ($23.5B).This section shows forecasts for total product exports and imports for China. China exports more goods than any other country.
For a country that is not listed, exporters are advised to work closely with the importer for information regarding eligibility of the product, certification requirements, and the existence of a valid import permit for the product. Year over year, total pork exports appreciated by 15.6% from 2018 to 2019. This section shows exports and imports data at subnational level for China. Deficit: $50.7 Billion Exports: $158.3 Billion Imports: $208.9 Billion. Sliced pork platter Global sales from pork exports by country totaled US$32.9 billion in 2019. Next release: September 3, 2020 Complete Release Schedule The United States exports more food than any other country in the world. During the last five reported years the exports of China have changed by $313B from $2.27T in 2013 to $2.59T in 2018.In 2018 China imported $1.61T, making it the number 2 trade destination in the world. In 2010, China overtook Japan as the world's second-largest economy after the United States, and economists predict that the country will stay strong in the future. Export trade in China China overtook the United States as the world’s largest trading nation in 2013, when China’s export value of goods hit a record high of roughly two trillion U.S. dollars. China. The top export opportunities for China according to the relatedness index, are N/A. Relatedness measures the distance between a country's current exports and each product. Despite the upward trend in China’s imports, the country’s exports surpass its imports by a wide margin, creating the largest merchandise trade surplus in the world. During the last five reported years the imports of China changed by $23.4B from $1.59T in 2013 to $1.61T in 2018.In 2018, China exported $209B worth of services. Among the top export destinations of the United States are Canada, Mexico, China, Japan and Germany.. A significant share of the total production of numerous vital commodities is absorbed by the US agriculture export markets. A large portion of China's economy involves imports and exports. NOTE: Effective January 27, 2020, all meat (including Siluriformes) and poultry exports to the People’s Republic of China must be processed through PHIS (Public Health Information System). To explore different subnational trade comparisons in time, visit China's subnational profiles.In 2018 China exported a total of $2.59T, making it the number 1 exporter in the world. China has achieved substantial development success since its reform and opening up in 1978. Relatedness measures the distance between a product, and all of the products it is currently specialized in.The Complexity-Relatedness diagram compares the risk and the strategic value of a country's potential export oppotunities. Complexity, is associated with higher levels of income, economic growth, less income inequality, and lower emissions. Overall, the value of pork exports increased by an average 29.9% for all exporting countries since 2015 when pork shipments were valued at $25.4 billion. Click any date in the line plot, any subnational region in the geomap, or any product, destination or origin country to explore the exports or imports behavior of China over time.This section shows the differences between China's total subnational aggregate trade throughout time. Most of these countries do not maintain additional export requirements and therefore do not appear in the country list below. Editorial credit: Zhao jian kang / Shutterstock.com. As the second-largest economy in the world, China has seen an average growth rate of 9.52% between 1989 and 2019.
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