Chinese Trade Balance 1n 2020 (million$ ,%)

In 2020, China increased export 3.79%. But decreased import-1.0%. In 2020, every counntry suffered "Wuhan Virus, or Corvid 19" . But China increased medical goods, mask and etc.

To USA, export +9.9%, Import +7.9%. USA recorded big trade imbalance316,905 mil USD. Actually USA has decided "de-coupling policy" against China, however USA imported more from China, because USA suffered greatly Wuhan Virus and had to import medical goods from China..
The trade fifure of USA-Chia must be decreased owing to the policy of USA,

UK has big trade deficit with China, 52,842 mil US$. UK also had to import medical goods from China. UK imported from China 72.606 mil US$, but could not export to China , and decreased -17.3%. Trade balance 52,842 mil$ against China.
. UK has very little item to export to China. UK cannot improve trade balance to China in the near future.
.
To Germany export increased 0.1%, and import increased 83%. Germany has been enjoying comfortable trade relation with China, because Germany exported automobiles and parts. Other EU contries , except France, all countries recorded big trade deficit. .

Taiwn and South Korae are enoying trade surplus wi
th China, because both countries had exported semiconductor chips and many other parts. Japan is net exporter to China..

Chinese Trade Balance 2020 (million$ ,%)

2010 2015 2018 2019 2020 19/18 20/19
USA EXP 283,303 409,538 479,423 418,674 451,813 -12.7 7.9
IMP 102,038 148,737 155,096 122,714 134,908 -20.9 9.9
B/L 181,266 260,802 324,327 295,959 316,905 -8.7 7.1
Germany EXP 68,047 69,161 77,550 79,774 86,826 2.9 8.8
IMP 74,342 87,623 106,334 105,108 105,261 -1.2 0.1
B/L -6,295 -18,462 -28,784 -25,335 -18,435 -12.0 -27.2
UK EXP 38,771 59,582 56,559 62,406 72,606 10.3 16.3
IMP 11,304 18,937 23,879 23,897 19,763 0.1 -17.3
B/L 27,467 40,645 32,679 38,509 52,842 17.8 37.2
France EXP 27,654 26,753 30,678 32,992 36,963 7.5 12.0
IMP 17,144 24,657 32,220 32,581 29,690 1.1 -8.9
B/L 10,510 2,096 -1,542 411 7,273
Belgium EXP 14,304 16,213 17,061 18,233 20,757 6.9 13.8
IMP 7,837 7,006 6,969 6,862 7,839 -1.5 14.2
B/L 6,467 9,207 10,093 11,372 12,918 12.7 13.6
Netherland EXP 49,706 59,463 77,850 73,957 79,011 -5.0 6.8
IMP 6,477 8,792 12,330 11,206 13,787 -9.1 23.0
B/L 43,228 50,671 65,521 62,750 65,223 -4.2 3.9
Italy EXP 31,141 27,837 33,173 33,499 32,937 1.0 -1.7
IMP 14,011 16,855 21,063 21,412 22,248 1.7 3.9
B/L 17,130 10,982 12,110 12,087 10,690 -0.2 -11.6
Spain EXP 18,175 21,860 24,954 26,876 27,536 7.7 2.5
IMP 6,231 5,600 8,764 8,603 10,346 -1.8 20.3
B/L 11,943 16,260 16,190 18,273 17,189 12.9 -5.9
Portugal EXP 2,513 2,897 3,751 4,368 4,192 16.4 -4.0
IMP 754 1,465 2,249 2,322 2,772 3.3 19.4
B/L 1,759 1,432 1,502 2,045 1,419 36.2 -30.6
Japan EXP 121,061 135,671 147,083 143,270 142,664 -2.6 -0.4
IMP 176,707 142,987 180,580 171,762 174,874 -4.9 1.8
B/L -55,646 -7,316 -33,496 -28,492 -32,210 -14.9 13.0
S.Korea EXP 68,771 101,296 108,789 111,001 112,505 2.0 1.4
IMP 138,399 174,518 204,639 175,575 172,760 -14.2 -1.6
B/L -69,628 -73,222 -95,850 -64,574 -60,255 -32.6 -6.7
Taiwan EXP 29,676 44,899 48,647 55,081 60,142 13.2 9.2
IMP 115,644 143,307 177,598 173,002 200,664 -2.6 16.0
B/L -85,968 -98,408 -128,951 -117,921 -140,523 -8.6 19.2
India EXP 40,919 58,240 76,705 74,827 66,727 -2.4 -10.8
IMP 20,841 13,383 18,838 17,987 20,858 -4.5 16.0
B/L 20,078 44,857 57,868 56,840 45,870 -1.8 -19.3
Australlia EXP 27,226 40,322 47,338 48,205 53,482 1.8 10.9
IMP 60,866 73,643 105,452 121,432 114,837 15.2 -5.4
B/L -33,640 -33,320 -58,113 -73,227 -61,355 26.0 -16.2
Saudi EXP 10,367 21,623 17,444 23,856 28,099 36.8 17.8
Arabia IMP 32,814 30,035 45,891 54,182 39,033 18.1 -28.0
B/L -22,447 -8,412 -28,448 -30,326 -10,934 6.6 -63.9
G/Total EXP 1,577,824 2,274,950 2,487,401 2,499,029 2,590,646 0.5 3.7
IMP 1,395,099 1,681,951 2,135,637 2,077,097 2,055,612 -2.7 -1.0
B/L 182,725 592,999 351,763 421,932 535,034 19.9 26.8




China Trade with ASEAN (mil4, %)

2010 2015 2018 2019 2020 19/18 20/19
Export 19,747 38,293 42,893 45,595 50,527 6.3 10.8
Thailand Import 33,200 37,170 44,632 46,158 48,098 3.4 4.2
Balance -13,453 1,124 -1,739 -563 2,428 -67.6 -531.0
Export 23,806 43,990 46,403 52,134 56,428 12.4 8.2
Malaysia Import 50,410 53,300 63,222 71,828 74,733 13.6 4.0
Balance -26,604 -9,310 -16,819 -19,694 18,305 17.1 -17.1
Export 21,973 34,342 43,209 45,644 41,005 5.6 -10.2
Indonesia Import 20,777 19,888 36,162 34,061 37,370 -5.8 9.7
Balance 1,195 14,454 7,048 11,582 3,634 64.3 -68.6
Export 11,541 26,673 35,062 40,747 41,840 16.2 2.7
Philippine Import 16,205 18,976 20,607 20,205 19,307 -1.9 -4.4
Balance -4,665 7,697 14,455 20,542 22,533 42.1 9.7
Export 23,114 66,124 83,900 97,870 113,814 16.7 16.3
Vietnam Import 6,980 29,842 63,959 64,134 78,475 0.3 22.4
Balance 16,133 36,282 19,941 33,735 35,339 69.2 4.8
Export 32,348 52,008 49,165 54,726 57,541 11.3 5.1
Singapore Import 24,710 27,556 33,715 35,215 31,552 4.4 -10.4
Balance 7,638 24,452 15,450 19,511 25,989 26.3 33.2
Export 3,480 9,655 10,553 12,313 12,551 16.7 1.9
Myanmar Import 964 5,625 4,688 6,387 6,342 36.2 -0.7
Balance 2,516 4,030 5,865 5,926 6,209 1.0 4.8
Export 1,348 3,765 6,011 7,985 8,057 32.8 0.9
Cambodia Import 94 667 1,377 1,444 1,498 4.9 3.7
Balance 1,254 3,098 4,634 6,540 6,559 41.1 0.3
Export 484 1,227 1,455 1,762 1,495 21.1 -15.2
Laos Import 571 1,554 2,020 2,159 2,063 6.9 -4.4
Balance -88 -327 2,159 -397 -569 -118.4 43.4
Export 368 1,409 1,593 450 466 -71.8 3.6
Brunei Import 658 97 248 450 1,436 81.4 219.3
Balance -290 1,312 1,345 2,159 2,159 60.5 0.0
Export 138,207 277,487 319,244 359,425 383,723 12.6 6.8
ASEAN Import 154,569 194,675 268,628 282,042 300,876 5.0 6.7
Balance -16,362 82,812 50,615 77,383 82,848 52.9 7.1



China export to ASEAN +6.8%, import +6.70%. To Thailand, export increase +10.8%, import +4.2%. To Malaysia export +8.2%, import +4.7%, To Indonesia, export -10.73%, import +9.0%, trade balance +3,634 mil $. To Philippines, export +2.7, impor-4.4%, trade balance +22,533 mil$. Philippines is increaing import in spite of sea conflict against China. To Vietnam, export +16.3%, import +22.41%, trade balance is 35,339 mil$. Vietnam is incresing export to Chinam by manufacturing goods, but trade deficit is the biggest in ASEAN. Recently foreign manufacturing companies are investing rapidly but not enough.

China does not increase natural resources (rubber, palm oil, minerals) but China is trying increase export to ASEAN, but ASEAN also becomes manufacturing countries. Some ASEAN countries are increasing export to China, but their trade deficit against China is still 82.848 mil US$.


Part 2　Chinese trade by commodites　（million USD)

2018 2019 2020 20/19
G. Total Erports 2,487,400 2,499,028 2,590,646 3.67
Imports 2,135,637 2,077,097 2,055,612 -1.03
Balance 351,763 421,931 535,034 26.81
I. Primary Products Erports 135,086 133,936 115,471 -13.79
Imports 701,613 728,942 677,074 -7.12
Balance -566,527 -595,006 -561,603 -5.61
1-0 Food & live animals Erports 65,473 64,991 63,553 -2.21
Imports 67,801 80,734 98,194 21.63
Balance -2,328 -15,743 -34,641 120.04
1-05 Vegetables & Fruit Erports 24,040 24,630 24,652 0.09
Imports 12,258 14,860 15,469 4.10
Balance 11,782 9,770 9,183 -6.01
I-1 Beverage & Tabacco Erports 3,712 3,477 2,477 -28.76
Imports 7,667 7,600 6,214 -18.24
Balance -3,955 -4,123 -3,737 -9.36
1-2 Crude materials, except fuels Erports 18,022 17,225 15,921 -7.57
Imports 272,209 285,058 294,483 3.31
Balance -254,187 -267,833 -278,562 4.01
1-28 Metalliferrous & scrap Erports 1,958 1,935 2,006 3.67
Imports 150,509 176,961 188,766 6.67
Balance -148,551 -175,026 -186,760 6.70
1-3. Mineral fuels Erports 46,814 47,089 32,115 -31.80
Imports 349,157 346,107 267,536 -22.70
Balance -302,343 -299,018 -235,421 -21.27
1-33 Petrolem, & products Erports 39,735 40,795 27,365 -32.92
Imports 274,124 270,197 204,286 -24.39
Balance -234,389 -229,402 -176,921 -22.88
1-4. Animal & vegetable oils Erports 1,065 1,154 1,405 21.75
Imports 7,779 9,381 10,647 13.50
Balance -6,714 -8,227 -9,242 12.34
2) MANUFACTURES Erports 2,352,021 2,359,988 2,475,175 4.88
Imports 1,434,025 1,343,499 1,378,538 2.61
Balance 917,996 1,016,489 1,096,637 7.88
2- 5. Chemicals Erports 167,525 161,766 169,193 4.59
Imports 223,682 218,770 213,332 -2.49
Balance -56,157 -57,004 -44,139 -22.57
2-51 Organic chemicals Erports 51,679 49,093 48,801 -0.59
Imports 68,118 57,097 45,408 -20.47
Balance -16,439 -8,004 3,393 -142.39
2-54. Medical & pharmaceutical Erports 17,432 17,270 22,085 27.88
Imports 29,603 35,716 36,986 3.56
Balance -12,171 -18,446 -14,901 -19.22
2- 6. Manufactured goods classified by Erports 404,753 406,768 434,233 6.75
materials Imports 151,452 140,035 168,278 20.17
Balance 253,301 266,733 265,955 -0.29
2-65. Textile yar, fabric, make-up articles Erports 118,540 119,587 154,187 28.93
Imports 17,878 15,715 14,512 -7.66
Balance 100,662 103,872 139,675 34.47
67. Iron & steel Erports 62,608 55,092 46,475 -15.64
Imports 24,188 25,408 39,091 53.85
Balance 38,420 29,684 7,384 -75.12
68. Non-ferrous metals Erports 27,490 26,320 23,833 -9.45
Imports 55,947 48,596 66,236 36.30
Balance -28,457 -22,276 -42,403 90.35
69. Manufactures of metals Erports 95,061 100,974 107,093 6.06
Imports 16,509 15,761 14,409 -8.58
Balance 78,552 85,213 92,684 8.77
7. Machinery & transport equipment Erports 1,208,055 1,195,501 1,258,310 5.25
Imports 839,524 786,507 828,588 5.35
Balance 368,531 408,994 429,722 5.07
72. Machinery specialized for paticular Erports 47,244 50,543 50,964 0.83
industries Imports 60,347 43,030 56,888 32.21
Balance -13,103 7,513 -5,924 -178.85
74. General industrial machinery Erports 119,996 123,180 128,355 4.20
Imports 53,120 51,591 49,823 -3.43
Balance 66,876 71,589 78,532 9.70
75. Office machines and automatic data Erports 219,194 199,732 217,426 8.86
procecessing mavhines Imports 57,153 56,735 59,431 4.75
Balance 162,041 142,997 157,995 10.49
76. Telecommunications & sound record Erports 325,695 305,912 310,365 1.46
Imports 72,490 65,075 67,012 2.98
Balance 253,205 240,837 243,353 1.04
77. Electrical machinery,& parts Erports 330,558 356,766 395,821 10.95
Imports 443,148 427,335 476,901 11.60
Balance -112,590 -70,569 -81,080 14.89
78. Road vehicles Erports 83,463 79,040 81,746 3.42
Imports 81,385 75,011 73,900 -1.48
Balance 2,078 4,029 7,846 94.74
8. Miscellaneous Erports 565,814 583,535 584,890 0.23
Imports 143,759 144,208 146,015 1.25
Balance 422,055 439,327 438,875 -0.10