Overview: In August 2020 China exported $180B and imported $153B, resulting in a positive trade balance of $27.2B. Between August 2019 and August 2020 the exports of China have decreased by $-8.32B (-4.41%) from $189B to $180B, while imports decreased by $-21.5B (-12.3%) from $175B to $153B.
Trade: In August 2020 the top exports of China were Telephones ($12.3B), Computers ($9.26B), Integrated Circuits ($5.09B), Other Cloth Articles ($4.7B), and Models and Stuffed Animals ($3.3B). In August 2020 the top imports of China were Integrated Circuits ($27.1B), Crude Petroleum ($13.9B), Iron Ore ($9.07B), Cars ($3.93B), and Soybeans ($3.29B).
Origins: In August 2020 the exports of China were mainly from Guangdong Province ($45.3B), Jiangsu Province ($31.1B), Zhejiang Province ($28.2B), Shandong Province ($12.3B), and Shanghai Province ($10.8B), while imports destinations were mainly Guangdong Province ($31.4B), Shanghai Province ($23.2B), Beijing ($22.8B), Jiangsu Province ($20.2B), and Shandong Province ($9.53B).
Destinations: In August 2020 China exported mostly to United States ($37.5B), Japan ($10.8B), Vietnam ($9.51B), Germany ($7.55B), and Netherlands ($6.78B), and imported mostly from Taiwan ($16.6B), Japan ($12.9B), South Korea ($12.5B), China ($10.1B), and Germany ($8B).
Growth: In August 2020, the decrease in China's year-by-year exports was explained primarily by an decrease in exports to South Korea ($-2.95B or -35.1%), Brazil ($-1.36B or -46.2%), and Mexico ($-1.24B or -28.3%), and product exports decrease in Refined Petroleum ($-906M or -44.2%), Trunks and Cases ($-749M or -35.3%), and Knit Sweaters ($-628M or -25.6%). In August 2020, the decrease in China's year-by-year imports was explained primarily by an decrease in imports from Australia ($-3.97B or -33.4%), United States ($-3.78B or -36.5%), and Saudi Arabia ($-1.79B or -40.8%), and product imports decrease in Crude Petroleum ($-5.28B or -27.6%), Gold ($-1.63B or -45.3%), and Iron Ore ($-1.56B or -14.7%).