'China developed a network of economic relations with both the industrial economies and those constituting the semi-periphery and periphery of the world system.' Both exports to and imports from China increased between 2009 and 2019. The three largest exporters to China in the EU were Germany (EUR 96 283 million), France (EUR 20 959 million) and the Netherlands (EUR 13 906 million). February 28, 2020. Imports to China were lowest in 2009 (89) and highest in 2018 (189). Data for the non EU-27 countries used in figures 1-3 are taken from the UNCTAD database of the United Nations. The largest surplus was held by Germany (EUR 19 511 million), followed by Ireland (EUR 5 061 million) and Finland (EUR 1 252 million). Thanks to the ease of modern transport and communications, it is now easier to produce, buy and sell goods around the world which gives European companies of every size the potential to trade outside Europe. The position of China among the largest trade partners of the EU in 2019 can be seen in Figure 3. Find out more about how we use your information in our Privacy Policy and Cookie Policy. Five products were above 200 %, indicating EU exports to China were at least twice as large as EU imports from China. China Exports By Country Value Year; United States: $479.70B 2018 Hong Kong: $302.96B 2018 Japan: $147.24B 2018 South Korea: $109.03B 2018 Vietnam: $84.02B The company is the largest supplier of light rare earth products in China and even the world, and one of the six largest rare earth groups in China's rare earths industry. The position of China among the largest trade partners of the EU in 2019 can be seen in Figure 3. China (EUR 2 107 billion, 16 %) was the largest exporter in the world, followed by the EU-27 (EUR 2 060 billion, 15 %), the United States (EUR 1 412 billion, 10 %), Japan (EUR 626 billion, 5 %) and South Korea (EUR 513 billion, 4 %). China exports for 2019 was $2,641.27B, a 0.54% decline from 2018. Even under the epidemic situation, Northern Rare Earths still achieved both revenue and profit growth in the first half of this year. The most traded product group at this level was telecommunications equipment. Available to download in PNG, PDF, XLS format, Access to this and all other statistics on 80,000 topics from, Value of exports from China by month 2017-2020, Merchandise trade balance of China 2009-2019, Share of China's exports in GDP 2009-2019, Total value of U.S. trade in goods with China 2009-2019. Because the 27 EU Member States share a single market and a single external border, they also have a single trade policy. It analyses the type of goods exchanged between the two economies and the shares of each EU Member State in those exchanges. Australian winemakers toast to wine boom at home According to the latest data released by the Chinese General Administration of Customs on October 13, China exported 2,003.3 tonnes of rare earths in September this year, a plunge of 43.8% from the same period last year (3,570 tonnes). The most imported manufactured goods were machinery & vehicles (54 %), followed by other manufactured products (37 %) and chemicals (5 %). The bloc is deeply integrated into global markets both for the products it sources and the exports it sells. Therefore the United Kingdom is considered as an extra-EU partner country for the EU-27. Overview and forecasts on trending topics, Key figures and rankings about brands and companies, Consumer insights and preferences in various industries, Detailed information about political and social topics, All key figures about regions and countries, Everything you need to know about Consumer Goods, Identify market potentials of the digital future, Technology Market Outlook Profit from additional features by authenticating your Admin account. facts. Yahoo is part of Verizon Media. Then you will be able to mark statistics as favourites and use personal statistics alerts. Data published previously, plus September's figure (2,003.3 tonnes), show that China has exported a total of 26,019.4 tonnes of rare earths in the first nine months of this year. Both exports to and imports from China increased between 2009 and 2019. Please create an employee account to be able to mark statistics as favorites. China Exports by country and region 2016 In 2016, major countries to which China Exported include United States, Hong Kong, China, Japan, Korea, Rep. and Germany. to the amount which would be invoiced in the event of sale or purchase at the national border of the reporting country. It achieved revenue of 9.61 billion yuan, a year-on-year increase of 12.81%, and realised a net profit of 328 million yuan, a year-on-year increase of 23.36%. In 2019, EU imports of manufactured goods (97 %) also had a higher share than primary goods (2 %). "Distribution of Chinese Exports in 2019, by Trade Partner. To enable Verizon Media and our partners to process your personal data select 'I agree', or select 'Manage settings' for more information and to manage your choices. Exports from the EU were lowest in 2009 (83) and highest in 2018 (145). You need at least a Single Account to use this feature. Information on commodities exported and imported is presented according to the Standard international trade classification (SITC). This is even more important in a globalised world in which economies tend to cluster together in regional groups. 02:12. The US is putting rare earths under military control as a strategic move. In 2019, EU exports of manufactured goods (87 %) had a higher share than primary goods (12 %). The ideal entry-level account for individual users. China has become the world's second largest economy by GDP (Nominal) and largest by GDP (PPP). Country. In 2019, China was the third largest partner for EU exports of goods (9 %) and the largest partner for EU imports of goods (19 %). (February 28, 2020). Russia Are you interested in testing our corporate solutions? Thus, exports of goods had accounted for more than 24 percent of China’s total economic output in 2013. Plus, “Chinese companies also carry out international trade business based on changes in international market demand and risk conditions.”. Number of Starbucks locations worldwide 2003-2019, Market share of leading carbonated beverage companies worldwide, Total number of Nike retail stores worldwide 2009-2020, Revenue and financial key figures of Coca-Cola 2009-2019, Profit from additional features with an Employee Account. The largest deficit was held by the Netherlands (EUR 74 508 million), followed by Italy (EUR 18 673 million) and Spain (EUR 18 022 million). Ireland The three largest importers from China in the EU were the Netherlands (EUR 88 414 million), Germany (EUR 76 772 million) and Italy (EUR 31 665 million). You can change your choices at any time by visiting Your Privacy Controls. Northern Rare Earths said the company's per capita output of functional materials increased significantly from the previous year, and the output of rare earths smelting and separation products and rare earth functional materials rose. Figure 4 shows the exports, imports and trade balance between the EU and China from 2009 to 2019. Australia rare earths In, National Bureau of Statistics of China. According to the EU concepts and definitions, extra-EU trade statistics (trade between EU Member States and non-EU countries) do not record exchanges involving goods in transit, placed in a customs warehouse or given temporary admission (for trade fairs, temporary exhibitions, tests, etc.). United States: … Quick Analysis with our professional Research Service: Content Marketing & Information Design for your projects: Industry-specific and extensively researched technical data (partially from exclusive partnerships). Corporate solution including all features. The imports and exports of goods of the EU and China indexed at 100 in 2008 for the period to 2018 are shown in Figure 2. Sept data The cover ratio for China was lowest in 2011 (109 %) and highest in 2015 (135 %) and was 116 % in 2018. In other words, the EU is considered as a single trading entity and trade flows are measured into and out of the area, but not within it. New, Figures and insights about the advertising and media world, Industry Outlook In practice this means that the goods imported by the EU-27 from the United Kingdom were physically transported from the United Kingdom but part of these goods could have been of other origin than the United Kingdom. China Exports by country. Aware of the importance of rare earth resources for a country's technological and economic development, China has established a rare earth strategic reserve system since 2011. Information about your device and internet connection, including your IP address, Browsing and search activity while using Verizon Media websites and apps. A paid subscription is required for full access. Exports from China were lowest in 2009 (84) and highest in 2018 (174). The EU had trade deficits in machinery & vehicles (EUR 88 billion) and other manufactured products (EUR 100 billion). Figure 6 shows the evolution of EU imports and exports by SITC group since 2009. In 2009, the EU had a trade deficit with China of EUR 108 billion. ... Country / Region Total trade Exports Imports Trade balance Total: With China now playing its ace card, exports of rare earths have fallen sharply this year, so the United States is stepping up its “self-sufficiency” in the field of rare earths. Find Out International trade aggregated and detailed statistics disseminated via the Eurostat website are compiled from COMEXT data according to a monthly process. Then you can access your favorite statistics via the star in the header. Table 1b shows the exports of goods to China by Member State. As a Premium user you get access to the detailed source references and background information about this statistic. and over 1 Mio. This page was last modified on 28 May 2020, at 12:19. This article provides a picture of the international trade in goods between the European Union (EU) and China. Eleven products were below 50 %, indicating EU imports from China were at least twice as large as EU exports to China. After the implementation of nearly 10 years of purchasing and storage plans, coupled with rare earth production targets issued every year, the supply of rare earths is strictly controlled.