5 biggest regions of China.
01.10.21
Despite the coronavirus pandemic, China's trade amount grew by 1.9% in 2020 to 32.16 trillion yuan ($ 4.98 trillion). Chinese exports increased by 4% in a year to 17.93 trillion yuan, while the trade surplus rose by 27.4% to $ 3.7 trillion yuan.
Anti-epidemic drugs and consumer goods accounted for a large share in the export structure. So, from March to the end of 2020, anti-epidemic funds totaling 438.5 billion yuan were sent for export. 340 billion yuan of them were masks (224.2 billion pieces). This is equal to selling 40 masks to each inhabitant of the planet.
Exports of textiles, medical equipment and medicines increased by 31%. Total exports of laptops, tablet computers and home appliances increased by 22.1%.
Let’s look at the top exporter regions of China.
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Guangdong
Guangdong is the richest and most economically developed province of the PRC, which accounts for 10% of the country's economy. The foreign trade volume of Guangdong province was 7.08 trillion yuan in 2020, less by 0.9% compared to the previous year. However, the province remained the leader in China's imports and exports, accounting for 22% of the country's total foreign trade. The province's exports totaled 4.35 trillion yuan, which increased by 0.2%. This growth has been continuing for four years in a row.
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Jiangsu
Jiangsu's annual exports reached 2.74 trillion yuan, increased by 0.9%. The growth rate in the city was less than the rate of the whole country.
Jiangsu Province exported 1.834.28-billion-yuan worth of mechanical and electrical equipment. It is more by 2.4% than in 2019 and accounting for 66.8% of the province’s total export value.
In 2020, the province's exports of integrated circuits accounted for 199.23 billion yuan, up 15.9% from 2019. Laptops export makes up 15.2% of the whole export, mobile phones 13.5%. Textile exports totaled 98.52 billion yuan (+ 50%); export of plastic products - 88.56 billion yuan (+ 20.4%). Exports of medical supplies and drugs amounted to 24.14 billion yuan (+ 20.7%); exports of medical instruments and equipment - 20.53 billion yuan (+ 35.4%).
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Zhejiang
In 2020, Zhejiang Province's foreign trade turnover was 3.38 trillion yuan, up 9.6% over the previous year. Exports reached 2.52 trillion yuan, increased by 9.1%.
Exports of high-tech products from the province totaled 202.83 billion yuan, increased by 26.4%. Exports of electric vehicles and mobile phones increased by 590.7% and 112.5%, respectively. Exports of labor-intensive products increased by 2% and reached 845.43 billion yuan.
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Shanghai
Shanghai’s total foreign trade in 2020 increased by 2.3% and reached 3.48 trillion yuan, it is the highest foreign trade volume of the province. However, exports totaled 1.37 trillion yuan, which is almost the same as last year.
Shanghai exported 947.76-billion-yuan worth of mechanical and electrical equipment (+ 0.1%), accounting for 69.1% of Shanghai's total export value. In this amount, 187.74 billion yuan came from the export of automatic data processing equipment (+ 8.6%); 152.17 billion yuan - for the export of integrated circuits (+ 15.4%), 18.65 billion yuan - for the export of cars (+ 39.9%). Exports of labor-intensive products totaled 197.83 billion yuan, increased by 6.8%, while exports of medical supplies and drugs totaled 14.7 billion yuan.
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Shandong
In 2020, Shandong Province's exports totaled 1.31 trillion yuan, increased by 17.3%, setting the highest annual growth rate for the province's exports. The province's main exports were electrical equipment, labor-intensive and agricultural products. For 22 years in a row, Shandong Province has been ranked first in the cost of agricultural exports in the country.