What are the top 3 Imports of China?
Its top imports are integrated circuits ($207B), crude petroleum ($144B), iron ore ($59B), cars ($46.8B) and gold ($40.3B).
WHAT TYPE OF ECONOMY DOES CHINA HAVE?.
What does China export the most?
Searchable List of China’s Most Valuable Export ProductsRankChina’s Export Product2019 Value (US$)1Phone system devices including smartphones$224,069,819,0002Computers, optical readers$148,463,426,0003Integrated circuits/microassemblies$102,187,884,0004Processed petroleum oils$38,345,208,0006 more rows•Nov 7, 2020
Can China overtake us?
China is expected to surpass the United States to become the world’s largest economy in a little more than a decade, despite escalating hostilities with Washington, a Beijing-based governmental think tank has forecast. … However, even those factors cannot stop China’s economic rise, the report suggested.
What food does the US get from China?
The top U.S. import commodities from China are fruits and vegetables (fresh/processed), snack food, spices, and tea – the combined which accounts for nearly one-half of the total U.S. agricultural imports from China.
What food does the US import?
The Most Imported Types of Food in U.S. MarketsLive meat animals.Meats.Fish and shellfish.Dairy.Vegetables.Fruits.Nuts.Coffee, tea and spices.More items…
Where does the US get its oil?
The largest sources of U.S. imported oil were: Canada (49%), Mexico (7%), Saudi Arabia (6%), Russia (6%), and Colombia (4%). According to the American Petroleum Institute, the oil and natural gas industry supports nine million U.S. jobs and makes up seven percent of the nation’s gross domestic product.
Who is China’s largest trading partner?
China’s Top Trading PartnersUnited States: US$418.6 billion (16.8% of China’s total exports)Hong Kong: $279.6 billion (11.2%)Japan: $143.2 billion (5.7%)South Korea: $111 billion (4.4%)Vietnam: $98 billion (3.9%)Germany: $79.7 billion (3.2%)India: $74.9 billion (3%)Netherlands: $73.9 billion (3%)More items…•
Who does China import the most from?
In terms of service trade, travel and transportation-related service imports take up around 75 percent of all service imports in China. As of 2019, China’s major import partners were the ASEAN countries, the European Union, South Korea, Taiwan, and Japan.
Who does the US trade with the most?
U.S. trade with other nations is worth $4.9 trillion per year. China, Canada and Mexico are the country’s largest trading partners, accounting for nearly $1.9 trillion worth of imports and exports.