Top export products from China in 2022

China is the?largest exporter country in the world.?By July 2022, the value of exportation reaches $333 billion (USD), according to the data shared by the Observatory of Economic Complexity (OEC).

?China was the second economy in the world in 2020 in terms of GPD, at the same time was positioned as the number one country in total exports. By 2022 the Asian Giant has a positive trade balance due to the increase in exportation, mainly from Guangdong providence.

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Five Top Exportation Products

According to China trade data, by July 2022, the top three exportation products are the following:

?1.?Broadcasting Equipment

Value of the export by 2022: $223B

The impact of the pandemic is still palpable because has changed the way that we live our daily life. Internet, broadcasting, and live streaming became lifesavers for many businesses to survive, the same happened with home office work. The increase in the export and sales of broadcast equipment is the reflection of those changes.

2.?Computers

Value of the export by 2022: $156B.

The demand for computers has driven the development of the Computer Manufacturing industry in China and becoming the?base of computer products?for the world.

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3. Telephones

Value of the export by 2022 $134.2B

The industry developed rapidly from 2013 to 2016 due to the popularity of 4G mobile phones. Because of the saturation of the market, the industry’s expansion has slowed. However, China’s 5G mobile is projected to expand sales volumes significantly.

?The most common destination for China's exports is the United States, Hong Kong,?Japan, Germany, and South Korea.

Export growth has been a major component supporting China's rapid economic expansion, and trade has become an increasingly important part of China’s overall economy, and it has been a significant tool used for economic modernization.