Trade Resources Industry Views 2014 China Export Overview

2014 China Export Overview

2010-2014 China Import and Export Overview (Unit: Billion USD)

Year

I&E Turnover  

Export Sales

Import Turnover

Difference

 

Total

YoY

Total

YoY

Total

YoY

2010

2974.001

34.7%

1577.754

31.3%

1396.247

38.8%

181.507

2011

3641.864

22.5%

1898.381

20.3%

1743.484

24.9%

154.897

2012

3867.119

6.2%

2048.714

7.9%

1818.405

4.3%

230.309

2013

4160.308

7.6%

2210.019

7.9%

1950.289

7.3%

259.730

2014

4303.037

3.4%

2342.747

6.1%

1960.290

0.4%

382.456

Remark: YoY indicates year-on-year.

From 2010 to 2014, the China import and export (I&E) turnovers are 2.97 trillion USD, 3.64 trillion USD, 3.87 trillion USD, 4.16 trillion USD, and 4.3 trillion USD. The turnover is increasing year by year.

2010-2014 China Export Patterns (Unit: Billion USD)

 

2010

2011

2012

2013

2014

Total Turnover

1577.754

1898.381

2048.714

2210.019

2342.75

General Trade

720.733

917.124

988.007

1087.531

1203.68

Processing Trade

740.334

835.416

862.779

860.816

884.36

Others

116.865

146.060

197.996

261.672

254.71

In 2014, the I&E turnover via general trade is 14.21 trillion USD, which is increasing by 4.2%, and occupies 53.8% of the total I&E turnover. Meantime, the I&E turnover via processing trade is 8.65 trillion USD, which is increasing by 2.8%, and occupies 32.7% of the total I&E turnover.

2010-2014 Exported Chinese Product Types (Unit: Billion USD)

Year

2010

2011

2012

2013

2014

Total Turnover

1577.754

1898.381

2048.714

2210.019

2342.747

Primary Commodity

81.717

100.552

100.581

107.283

112.705

Food and live animals

41.153

50.497

52.080

55.729

58.918

Beverage and cigarette

1.906

2.276

2.59

2.608

2.883

Non-edible raw materials

11.602

14.978

14.341

14.57

15.828

Mineral fuel, lubricating oil, and related raw materials

26.700

32.276

31.026

33.792

34.453

Animal and vegetable oil/wax

0.356

0.526

0.545

0.584

0.623

Manufactured Goods

1496.216

1798.048

1948.354

2102.736

2230.041

Chemicals and related products

87.587

114.787

113.629

119.659

134.593

Manufactured goods by raw materials

249.151

319.60

333.168

360.653

400.375

Machinery and transportation devices

780.330

901.912

964.422

1039.246

1070.632

Miscellaneous products

377.680

459.410

535.718

581.448

622.174

Ungrouped products

1.468

2.339

1.417

1.729

2.267

2010-2014 Product Types Imported to China (Unit: hundred Million USD)

Year

2010

2011

2012

2013

2014

Total Volume

13962.47

17434.84

18184.05

19502.89

19602.90

Primary Commodity

4325.56

6043.76

6346.05

6576.01

6474.40

 Food and live animals

215.66

287.65

352.62

416.99

468.23

 Beverage and cigarette

24.29

36.85

44.03

45.10

52.18

 Non-edible raw materials

2111.18

2852.55

2696.15

2861.43

2701.11

 Mineral fuel, lubricating oil, and related raw materials

1887.04

2755.60

3127.97

3149.06

3167.95

 Animal and vegetable oil/wax

87.40

111.11

125.27

103.42

84.93

Manufactured Goods

9622.72

11390.82

11832.21

12926.87

13128.50

 Chemicals and related products

1496.36

1811.44

1792.69

1902.98

1933.74

 Manufactured goods by raw materials

1311.13

1503.28

1459.00

1482.92

1724.18

 Machinery and transportation devices

5495.61

6303.88

6527.50

7103.50

7244.51

 Miscellaneous products

1135.26

1277.09

1365.29

1390.11

1398.43

 Ungrouped products

184.37

495.13

687.74

1047.36

827.64

In 2014, the total I&E turnover is 4303.04 billion USD, which is increasing by 3.4%. The export sale is 2342.75 billion USD, which is increasing by 6.1%. The import turnover is 1960.29 billion USD, which is increasing by 0.4%. The favorable balance of trade is 382.46 billion USD, which is increasing by 47.7%.
 
In 2014, the China I&E turnover’s increasing rate is 2.7% higher than the average global trade increasing rate, and is also higher than that of the USA, EU, Japan, India, and Brazil. The China export turnover occupies 12.7% of total world export turnover, which is increasing by 0.6% compared with 2013.

The structure of markets for import and export is more balanced in 2014, which is indicated by the fact that import and export situations in developed countries are stable, and emerging markets gain great improvement in import and export. In 2014, the I&E turnovers regarding EU and USA increase by 9.9% and 6.6% respectively. The increasing rate for I&E turnovers regarding ASEAN, India, Russia, Africa, Middle Europe, and East Europe rises as well. The policy of establishing free trade zones (FTZs) greatly enhances export sales. The export sales to FTZ partners (not including Macao, Hongkong, and Taiwan) increase by 10.6%, which occupies 13.4% of the total export turnover. This percentage to total export turnover increase by 0.6% compared with that in 2013.

In 2014, the export sales of electromechanical products increases by 3.7%, which occupies 56% of the total export turnover. The advantage of Chinese equipment manufacturing industry is high quantity but competitive price, which leads to the result that the export sales of Chinese large-scale manufacturing sets like electric equipment, communication equipment, and vehicles increase by 10%. While the export sales of labor-intensive products like textile and garment are 485.1 billion USD, which increases by 5%.

In 2014, the percentage of general trade resumes to over 50% of the total trade turnover, which is 53.8%, increasing by 1% compared with that of 2013. The I&E turnover via general trade is 2.31 trillion USD, which increases by 5.3%. The export turnover via general trade increases by 10.7% and occupies 51.4% of the total export turnover. This is the highest percentage in the last 20 years. The contribution trade of general trade is 87.8%. While the I&E turnover of processing trade is 1.41 trillion USD in 2014, which increases by 3.8%.

In 2014, the I&E turnover of the service industry reaches 604.3 billion USD, which increases by 12.6%. The advanced service industry trade increases rapidly. For example, the growth rates of the finance, communications, and information technology (IT) industries are 59.5%, 24.6%, and 25.4% respectively.

Data source: Ministry of Commerce People's Republic of China

Source: IAR Team from Made-in-China.com
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