China | Exports of goods and services (current US$)

Exports of goods and services represent the value of all goods and other market services provided to the rest of the world. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services. They exclude compensation of employees and investment income (formerly called factor services) and transfer payments. Data are in current U.S. dollars. Limitations and exceptions: Because policymakers have tended to focus on fostering the growth of output, and because data on production are easier to collect than data on spending, many countries generate their primary estimate of GDP using the production approach. Moreover, many countries do not estimate all the components of national expenditures but instead derive some of the main aggregates indirectly using GDP (based on the production approach) as the control total. Data on exports and imports are compiled from customs reports and balance of payments data. Although the data from the payments side provide reasonably reliable records of cross-border transactions, they may not adhere strictly to the appropriate definitions of valuation and timing used in the balance of payments or corresponds to the change-of ownership criterion. This issue has assumed greater significance with the increasing globalization of international business. Neither customs nor balance of payments data usually capture the illegal transactions that occur in many countries. Goods carried by travelers across borders in legal but unreported shuttle trade may further distort trade statistics. Statistical concept and methodology: Gross domestic product (GDP) from the expenditure side is made up of household final consumption expenditure, general government final consumption expenditure, gross capital formation (private and public investment in fixed assets, changes in inventories, and net acquisitions of valuables), and net exports (exports minus imports) of goods and services. Such expenditures are recorded in purchaser prices and include net taxes on products.
Publisher
The World Bank
Origin
People's Republic of China
Records
63
Source
China | Exports of goods and services (current US$)
1960 2571279900.2685
1961 1937599545.6999
1962 1913227224.3704
1963 2031026777.4632
1964 2250377669.4293
1965 2563155793.1586
1966 2680955346.2515
1967 2388487490.2968
1968 2339742847.6377
1969 2429108025.846
1970 2307246419.1982
1971 2782506685.1246
1972 3692541778.2818
1973 5876096301.6282
1974 7108230198.5562
1975 7688903729.0108
1976 6943389228.9902
1977 7519553800.3351
1978 9954858636.2556
1979 13615023474.178
1980 18099305926.321
1981 21566441771.781
1982 22600124795.19
1983 21956304449.37
1984 24764305080.89
1985 25801403273.95
1986 26202580690.47
1987 34072853910
1988 44923701330
1989 41190793490
1990 49129758920
1991 55542659170
1992 66847400129
1993 74280328750
1994 104606923298.21
1995 131858557590.45
1996 154812342505.83
1997 187446655600.72
1998 188751351726.04
1999 198699399635
2000 253091967448.2
2001 272061062328
2002 333004040919.07
2003 447956251319.22
2004 607356860744.08
2005 773337401021.29
2006 991726661343.52
2007 1258051504103.9
2008 1497878483247.8
2009 1262661203708
2010 1654823329619.6
2011 2006308960930
2012 2175069254743.1
2013 2354264539544.6
2014 2462825804916.3
2015 2362097053242.5
2016 2199974853555.1
2017 2424216052068.8
2018 2655609176117.7
2019 2628941104614.2
2020 2729884575149.4
2021 3554107781004
2022 3714245280576.8

China | Exports of goods and services (current US$)

Exports of goods and services represent the value of all goods and other market services provided to the rest of the world. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services. They exclude compensation of employees and investment income (formerly called factor services) and transfer payments. Data are in current U.S. dollars. Limitations and exceptions: Because policymakers have tended to focus on fostering the growth of output, and because data on production are easier to collect than data on spending, many countries generate their primary estimate of GDP using the production approach. Moreover, many countries do not estimate all the components of national expenditures but instead derive some of the main aggregates indirectly using GDP (based on the production approach) as the control total. Data on exports and imports are compiled from customs reports and balance of payments data. Although the data from the payments side provide reasonably reliable records of cross-border transactions, they may not adhere strictly to the appropriate definitions of valuation and timing used in the balance of payments or corresponds to the change-of ownership criterion. This issue has assumed greater significance with the increasing globalization of international business. Neither customs nor balance of payments data usually capture the illegal transactions that occur in many countries. Goods carried by travelers across borders in legal but unreported shuttle trade may further distort trade statistics. Statistical concept and methodology: Gross domestic product (GDP) from the expenditure side is made up of household final consumption expenditure, general government final consumption expenditure, gross capital formation (private and public investment in fixed assets, changes in inventories, and net acquisitions of valuables), and net exports (exports minus imports) of goods and services. Such expenditures are recorded in purchaser prices and include net taxes on products.
Publisher
The World Bank
Origin
People's Republic of China
Records
63
Source