Contact Person : Emily
Phone Number : +86 15626014514
WhatsApp : +8615626014514
January 8, 2022
Recently, a customer told us about his doubts：“I wonder why only Chinese manufacturers respond to our inquiry in hundreds and nobody else. As well Chinese businesses are not ready to import anything to China market but to export only. So sad. you all are working one way only.”
In fact, does China really only have exports, not imports?
According to customs statistics, in 2020, the total value of my country's import and export of goods trade was 32.16 trillion yuan, an increase of 1.9% over 2019. Among them, the export was 17.93 trillion yuan, an increase of 4%; the import was 14.23 trillion yuan, a decrease of 0.7%; the trade surplus was 3.7 trillion yuan, an increase of 27.4%.
According to the data released by the WTO and various countries, in the first 10 months of 2020, the international market shares of my country's import and export, export and import reached 12.8%, 14.2% and 11.5% respectively, which was a significant increase of 0.8, 0.4 and 0.7 percentage points, both hitting record highs.
Please see the following ranking data:
1. 2020 Import Rankings of Chinese Provinces and Cities
Guangdong Province is the province with the largest import scale in my country in 2020. In 2020, the province with the largest import scale in my country is Guangdong Province, with an import scale of US$395.2 billion, accounting for 19.23% of the country's total imports. In 2020, the top five importing provinces and cities are Guangdong, Shanghai, Beijing, Jiangsu and Shandong respectively, and the imports of these five provinces and cities account for 65.4% of the national imports. The top five importing provinces in 2019 were Guangdong, Beijing, Shanghai, Jiangsu and Shandong.
2. China's Cities Import Rankings in 2020
Shenzhen is the city with the largest import scale in my country in 2020. In 2020, the city with the largest import scale is still Shenzhen, with an import scale of US$195.5 billion, accounting for 9.51% of the country's total imports. In 2020, the top five import cities are Shenzhen, Suzhou, Dongguan, Guangzhou and Ningbo. The ranking of the top five importing cities in 2020 and 2019 has not changed.
3. Ranking of China's Import Sources in 2020
Taiwan, China is my country's largest source of imports in 2020. In 2020, my country's largest source of imports is Taiwan, China. China's imports from Taiwan, China, amounted to US$200.6 billion, accounting for 9.76% of my country's total imports. In 2020, my country's top five import sources are Taiwan, Japan, South Korea, the United States and Australia, and the total imports from these five import sources account for 38.82% of China's total imports. In 2019, the top five import sources were South Korea, China Taiwan, Japan, the United States and Australia, and the combined imports of these five import sources accounted for 36.71% of China's total imports.
4. Mechanical and electrical products are the largest imported products in my country in 2020
The "Ranking List" pointed out that from the perspective of China's industrial imports, mechanical and electrical products are the largest imported products in my country in 2020. In 2020, the industries with the largest import scale are motors, electrical equipment and their parts; tape recorders and sound players, television images, sound recording and playback equipment and their parts and accessories, with an import value of 548.7 billion US dollars, accounting for 548.7 billion U.S. dollars in imports in this industry. The share of total imports reached 26.70%. In 2019, this industry is also the industry with the largest import scale in my country, and its imports account for 23.95% of the country's total imports.
From this point of view, China is not only exporting, but also importing. Our machine manufacturing industry is developing step by step, and I believe that we can enter the era of mechanical intelligence in the near future.
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