China has one of the largest economies in the world. The nation also stands first in terms of its population. Due to its cheap labor cost, the country is known for its low cost and good quality products. Thus, numerous countries all over the world prefer to import goods from the country instead of manufacturing by their own. Therefore, China exports voluminous quantity of goods all over the world every year. Major industries contributing in its economy are manufacturing, clothing, and electronics. Most of these industries require high labor work. This is also a reason behind the nations unemployment rate that is 6.4 percent, much lower than the global average unemployment rate that is approximately 9.
Good quality and low cost products have played a major role to empower nations economy in the last decade. Now, China has a strong and growing economy. Due to its growing financial system, several global trading firms are focusing on the open business opportunities in the territory. To have an In-depth understanding of its market, import and export data has proved a useful tool in recent years. Now, many companies are analyzing business statistics of commodities dispatched and received in China to understand the market trends.
Import and export data contains useful records about business trends. It contains Imports and exports value and quantity. It also includes complete information about the sender and receiver, ports details where goods have been dispatched and received, manufacturer details, shipping cost, custom duty, lot size, shipping root and other information. It helps business companies to understand the countrys market and plan their strategies.
Let us have an overview of the nations top imported and exported products:
Top Imported Commodities
China is the worlds second largest importer. In year 2013, it received products for more than USD 1.90 trillion net worth from other countries. Top received goods were electronic equipment, oils, machinery, ores and medical apparatus. Apart from these commodities, fastest growing products were cereals, art and antiques, collector items, dairy products, honey, egg and meat, coffee and spices. Japan, United States, and Germany were the three big exporters. Japan, United States and Germany contributed around 8.3, 7.9, and 4.8 percent of total imports respectively.
Top Exported Commodities
China is also one of the biggest exporters of goods. In 2013, the country exported goods worth around USD 2.2 trillion. Top items in demand were electronic equipment, machinery, crochet clothing and accessories, furniture and lightening products, optical and medical apparatus, irons and steel, footwear and automobiles.
You can hire a data service provider to get the complete China Import Data. Due to high demand of business statistics, these days several firms are collecting and managing wide range of business records as their core function. These service providers collect business records from various sources. They validate, store, and manage these records efficiently in order to cater needs of their clients.
Data service providers are easily available on the Internet. They provide data on demand. They have online portals where you can download required information. On these portals, you can also filter, sort, and perform various other operations on stored records to get the useful business insights.