April 2009
China
                         
BASIC INDICATORS
Population (thousands, 2007) 1 319 983 Rank in world trade, 2007 Exports Imports
GDP (million current US$, 2007) 3 280 053 Merchandise  2 3
GDP (million current PPP US$, 2007) 7 055 079 excluding intra-EU trade 2 3
Current account balance (million US$, 2007)  371 830 Commercial services 7 6
Trade per capita (US$, 2005-2007)  1 483 excluding intra-EU trade 4 4
Trade to GDP ratio (2005-2007)   71.3
Annual percentage change
2007   2000-2007 2006 2007
Real GDP (2000=100)   197 10 12 12
Exports of goods and services (volume, 2000=100)   434 23 23 23
Imports of goods and services (volume, 2000=100)   325 18 14 18
                         
TRADE POLICY Contribution to WTO budget (%, 2009) 5.898
WTO accession date 11 December 2001 Import duties collected (%, 2004-2006)
Trade Policy Review date 21, 23 May 2008 in total tax revenue 6.6
Tariffs and duty free imports to total imports 1.9
Tariff binding coverage (%)    100 Number of notifications to WTO and measures in force 
MFN tariffs Final bound Applied 2007 Outstanding notifications in WTO Central Registry   15
Simple average of import duties Goods RTAs - services EIAs notified to WTO 7 - 4
All goods   10.0   9.9 Anti-dumping (30 June 2008) 110
Agricultural goods (AOA)   15.8   15.8 Countervailing duties (30 June 2008) ...
Non-agricultural goods   9.1   9.0 Safeguards (28 October 2008)   0
Non ad-valorem duties (% total tariff lines)   0.0   0.4 Number of disputes (complainant - defendant) 
MFN duty free imports (%, 2006) Requests for consultation 3 - 14
in agricultural goods (AOA)   7.8 Original panel / Appellate Body (AB) reports 1 - 4
in non-agricultural goods   44.2 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
2007   2000-2007 2006 2007
Merchandise exports, f.o.b. (million US$) 1 218 635 25 27 26
Merchandise imports, c.i.f. (million US$)  955 950 23 20 21
2007   2007
Share in world total exports    8.71 Share in world total imports  6.70
Breakdown in economy's total exports Breakdown in economy's total imports
  By main commodity group (ITS)   By main commodity group (ITS)
Agricultural products   3.2 Agricultural products 6.8
Fuels and mining products   3.4 Fuels and mining products 22.0
Manufactures   93.2 Manufactures 70.9
  By main destination   By main origin
1. European Union (27)   20.1 1. Japan   14.0
2. United States   19.1 2. European Union (27)   11.6
3. Hong Kong, China   15.1 3. Korea, Republic of   10.9
4. Japan   8.4 4. Taipei, Chinese   10.6
5. Korea, Republic of   4.6 5. China   9.0
                         
COMMERCIAL SERVICES TRADE  Value Annual percentage change
2007   2000-2007   2006 2007
Commercial services exports (million US$)  121 654   22 24 33
Commercial services imports (million US$)  129 254   20 21 29
2007   2007
Share in world total exports   3.63   Share in world total imports 4.14
Breakdown in economy's total exports Breakdown in economy's total imports
  By principal services item   By principal services item
Transportation   25.7   Transportation 33.5
Travel   30.6   Travel 23.0
Other commercial services   43.6   Other commercial services 43.5
                         
INDUSTRIAL PROPERTY 
Patent grants by patent office, 2007 Trademark registrations by office, 2007
Residents Non-residents  Total  Direct residents Direct non-residents Madrid  Total 
 31 945  36 003  67 948 ... ...  13 877  13 877