World exports from China grew at a year-on-year rate of 5.5% in 2024, to $3.575 trillion, according to data from the General Administration of Customs of China.
From highest to lowest in terms of value, the products exported by China were telephones, computers, electronic integrated circuits, automobiles, electric accumulators and auto parts.
World exports from China
On a global scale, China is the leading exporter of goods and the largest producer of manufactures, with a growing leadership as the first source of imports for countries.
These were the top destinations for global exports from China in 2024, in billions of dollars and their respective year-on-year growth rates:
- United States: 525 (+5 percent).
- Hong Kong: 291 (+5 percent).
- Vietnam: 162 (+17 percent).
- Japan: 152 (-4 percent).
- South Korea: 146 (-2 percent).
- India: 121 (+2 percent).
- Russia: 116 (+4 percent).
- Germany: 107 (+6 percent).
- Malaysia: 101 (+15 percent).
- Netherlands: 91 (-9 percent).
Chinese economy
During the fourth quarter of 2024, China’s economy grew 1.6% in real terms. This was up from 1.3% in the previous period. The rebound was explained by increased external demand and growth in the production of “green” manufactures, such as electric cars and solar panels. In addition, government stimulus programs boosted economic activity.
In November 2024, the Chinese government launched a $1.4 trillion multi-year plan. It aimed to mitigate the effects of the real estate crisis on local government indebtedness. It also included measures to strengthen state-owned banks.
Despite these efforts, confidence and domestic consumption indicators reflected a slowdown. According to Banco de México, this phenomenon was attributed to the deterioration of the real estate market and the possible implementation of tariffs by the United States. In this context, consumer prices grew only 0.2% annually on average during the quarter. Meanwhile, producer prices accumulated 27 consecutive months of deflation.