China

China — Global Import Market

China is the world's second-largest importer, bringing in roughly US$ 2.5 trillion in goods each year. It is the largest manufacturing economy and a massive buyer of raw materials, energy, machinery, and high-end inputs used across its industrial base.

China — Global Import Market

Market overview — imports by volume

Goods imports:

~US$ 2,500 billion per year (world #2)

Global share of imports:

~10%

Import reliance:

heavy on energy, raw materials, and advanced machinery

Notable:

the largest buyer of many commodities and intermediate goods on earth

Top 10 imported items by value

1. Semiconductors & integrated circuits

2. Crude oil & mineral fuels

3. Iron ore & ores

4. Machinery & mechanical appliances

5. Electrical machinery & electronics

6. Plastics & articles

7. Agricultural products & food

(soybeans, grains, meat)

8. Chemicals & pharmaceuticals

9. Motor vehicles & parts

10. Precision & measuring instruments

What this means for Canadian exporters

China is a massive and deep market for raw materials, energy, agriculture, and components. For Canadian exporters of lumber, minerals, food, and agri-products, China is one of the largest non-US demand pools available — though it carries its own trade-policy and relationship risks that need careful channel management.

Related: Explore the top 20 global import markets