Import Globals30 Aug, 2024Business
China has without any doubt become a major global player in the international trade as a supplier and as a market. The world?s exposure to China has increased and China?s to the world has fallen. The country ranks sixth largest economy in the world. As per China Customs Trade Data, the value of goods imported by the country in 2021 was nearly US$ 3, 0912.26 Billion, witnessing a rise of 30.17% from 2020. According to the China Import Data, the main imports of the country are crude petroleum; integrate circuits, iron ore, petroleum gas, and copper ore. The main import partners are South Korea, Japan, the United States, Australia, Russia and Germany.
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