April 2013
China
                         
BASIC INDICATORS
Population (thousands, 2011) 1 344 130 Rank in world trade, 2011 Exports Imports
GDP (million current US$, 2011) 7 318 499 Merchandise  1 2
GDP (million current PPP US$, 2011) 11 290 911 excluding intra-EU trade 2 3
Current account balance (million US$, 2010)  305 370 Commercial services 5 3
Trade per capita (US$, 2009-2011)  2 413 excluding intra-EU trade 3 3
Trade to GDP ratio (2009-2011)   53.1
Annual percentage change
2011   2005-2011 2010 2011
Real GDP (2005=100)   186 11 10 9
Exports of goods and services (volume, 2005=100)   200 12 28 9
Imports of goods and services (volume, 2005=100)   180 10 20 5
                         
TRADE POLICY
WTO accession 11 December 2001 Contribution to WTO budget (%, 2013) 7.697
Trade Policy Review 12, 14 June 2012 Import duties collected (%, 2008-2010)
GPA accession  Observer in total tax revenue 2.7
Tariffs and duty free imports to total imports 2.0
Tariff binding coverage (%)    100 Number of notifications to WTO and measures in force 
MFN tariffs Final bound Applied 2011 Outstanding notifications in WTO Central Registry   13
Simple average of import duties Goods RTAs - services EIAs notified to WTO 10 - 9
All goods   10.0   9.6 Anti-dumping (30 June 2012) 116
Agricultural goods (AOA)   15.7   15.6 Countervailing duties (30 June 2012) 4
Non-agricultural goods   9.2   8.7 Safeguards (6 November 2012)   0
Non ad-valorem duties (% total tariff lines)   0.0   0.5 Number of disputes (complainant - defendant) 
MFN duty free imports (%, 2010) Requests for consultation 11 - 30
in agricultural goods (AOA)   0.9 Original panel / Appellate Body (AB) reports 7 - 10
in non-agricultural goods   46.9 Compliance panel / AB reports (Article 21.5 DSU) 0 - 0
Services sectors with GATS commitments   93 Arbitration awards (Article 22.6 DSU) 0 - 0
                         
MERCHANDISE TRADE  Value Annual percentage change
2011   2005-2011 2010 2011
Merchandise exports, f.o.b. (million US$) 1 898 381 16 31 20
Merchandise imports, c.i.f. (million US$) 1 743 484 18 39 25
2011   2011
Share in world total exports    10.38 Share in world total imports  9.43
Breakdown in economy's total exports Breakdown in economy's total imports
  By main commodity group (ITS)   By main commodity group (ITS)
Agricultural products   3.4 Agricultural products 8.3
Fuels and mining products   3.1 Fuels and mining products 29.6
Manufactures   93.3 Manufactures 59.2
  By main destination   By main origin
1. European Union (27)   18.8 1. European Union (27)   12.1
2. United States   17.1 2. Japan   11.2
3. Hong Kong, China   14.1 3. Korea, Republic of   9.3
4. Japan   7.8 4. Taipei, Chinese   7.2
5. Korea, Republic of   4.4 5. United States   7.1
                         
COMMERCIAL SERVICES TRADE  Value Annual percentage change
2011   2005-2011   2010 2011
Commercial services exports (million US$)  182 087   16 25 13
Commercial services imports (million US$)  237 003   19 22 23
2011   2011
Share in world total exports   4.26   Share in world total imports 5.89
Breakdown in economy's total exports Breakdown in economy's total imports
  By principal services item   By principal services item
Transportation   19.5   Transportation 33.9
Travel   26.6   Travel 30.6
Other commercial services   53.8   Other commercial services 35.4
                         
INDUSTRIAL PROPERTY 
Patent grants by patent office, 2011 Trademark registrations by office, 2011
Residents Non-residents  Total  Direct residents Direct non-residents Madrid  Total 
 112 347  59 766  172 113  926 330  66 074  14 712 1 007 116