China Imports and Exports
With the population of over 1.3 Billion and a GDP of US $7 Trillion, China is gaining greater reputation in the world as fastest growing economy with everlasting ambition to grow the local trade.
China earned almost US $1.5 Trillion in 2010 whereas the major exporting products were included the following
- Electrical And Other Machinery
- Iron And Steel
- Optical & Medical Equipment
Some of the major countries where most of the products were got exported, included:
- US (17.7%)
- Hong Kong (13.3%)
- Japan (8.1%)
- South Korea (5.2%)
China expended over US $1.3 Trillion in 2010 on its import where as followed were remained as major products that were imported:
- Oil and mineral fuels
- Metal ores
- Organic chemicals
Following were the major countries from where the goods were mainly imported:
- Japan (13.3%)
- South Korea (9.9%)
- USA (7.2%)
- Germany (4.9%)
Above is the quick overview of Chinese markets in regards to international trade. Please let me know if you want to know more about China.
Posted by: John on Feb 19 2012Tags: Business
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