The value of Chinese exports increased by 7% in 2022, while imports grew only 2.5%. This follows growth of 30% in 2021. These numbers hide some very uneven performance on a province and trading partner level, which reflect changing Chinese trading patterns with key partners such as the US, but also economic weakness in Europe.
Posts tagged as “Africa”
China accounts for almost a quarter of the value of worldwide imports of manufactured goods. That is significantly more than any other country. Germany, by contrast, accounts for about 8%, the US 7% and Japan about 5%. The European Union and the United Kingdom account for about the same amount as China, but almost two thirds of this trade is between countries within the bloc. While China’s weight in the world economy has increased, this increase has been uneven and the dependence on China varies significantly across economies.