The republic of china is one of the leading importer and exporter across the globe. In the manufacturing sector here one can find ample technologies which are hardly seen in any other part of the world. Here the cost of material as well as labor is more cost effective and that is why manufacturing sector has seen a wild growth. In the import export data of this economy it can be seen that the country has successfully used the natural resources and developed various technology for different segments. In the world import export data also one can see this country as a major contributor.
The overall import and export of China:
This is the country with highest population across the globe and the same has been beneficial to it when it comes to manufacturing of various products. China is also considered as the biggest market due to its high population but at the same time it is also a world leader in production of various products in different categories. There is hardly any product in which this country does not deal. It has export of raw products as well as finished goods which is visible from its import export statistics.
The imports and its parts:
Though this country has much of its own production, there are also many products which are imported by it from many other countries. The main products that are imported by it include starch and its related products. These products are imported by china from the countries such as Vietnam and Thailand where the production of starch is good and they can avail bulk quantity at a good rate. Further these products are used to have other finished goods which are sold by it to other countries. Majority of the trades of imports are done via sea only as it can affect the cost to a minimum level and hence the importer can have cost benefit. There are many more products which fall in this category only and supplied by different countries to the different importers of china.
The exports and its parts:
As far as the export is concerned china is one of the leading countries that do not rely on a few products. The quality of usual goods is average but the price is the biggest factor that affects the competition where exporters of china easily win the battle. Among the leading products exported by this country are concentrated protein and its substances to the developed countries such as USA, Netherland, Vietnam, Indonesia, Philippines and many more. It also export items to Korea which has it has good relations. Being one of the leaders in foreign trade, it has ample products in the category of general and technical which are sold to various countries. In the total GDP of the country the export has a major contribution.
The main reason of more export from this country includes cheap labour cost and low production which can help the exporter to supply the products at low rates to other countries also.