October 2009
China
                         
BASIC INDICATORS
Population (thousands, 2008) 1 325 640 Rank in world trade, 2008 Exports Imports
GDP (million current US$, 2008) 3 860 039 Merchandise  2 3
GDP (million current PPP US$, 2008) 7 903 235 excluding intra-EU trade 2 3
Current account balance (million US$, 2008)  426 100 Commercial services 5 5
Trade per capita (US$, 2006-2008)  1 796 excluding intra-EU trade 3 4
Trade to GDP ratio (2006-2008)   73.4
Annual percentage change
2008   2000-2008 2007 2008
Real GDP (2000=100)   217 10 13 9
Exports of goods and services (volume, 2000=100)   457 21 20 8
Imports of goods and services (volume, 2000=100)   324 16 14 4
                         
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 2008 Outstanding notifications in WTO Central Registry   16
Simple average of import duties Goods RTAs - services EIAs notified to WTO 8 - 5
All goods   10.0   9.6 Anti-dumping (30 June 2008) 110
Agricultural goods (AOA)   15.8   15.6 Countervailing duties (30 June 2008) ...
Non-agricultural goods   9.1   8.7 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 (%, 2007) Requests for consultation 6 - 17
in agricultural goods (AOA)   0.8 Original panel / Appellate Body (AB) reports 1 - 4
in non-agricultural goods   51.6 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
2008   2000-2008 2007 2008
Merchandise exports, f.o.b. (million US$) 1 428 332 24 26 17
Merchandise imports, c.i.f. (million US$) 1 132 488 22 21 18
2008   2008
Share in world total exports    8.89 Share in world total imports  6.90
Breakdown in economy's total exports Breakdown in economy's total imports
  By main commodity group (ITS)   By main commodity group (ITS)
Agricultural products   3.0 Agricultural products 7.7
Fuels and mining products   3.8 Fuels and mining products 27.1
Manufactures   93.1 Manufactures 64.8
  By main destination   By main origin
1. European Union (27)   20.5 1. Japan   13.3
2. United States   17.7 2. European Union (27)   11.7
3. Hong Kong, China   13.4 3. Korea, Republic of   9.9
4. Japan   8.1 4. Taipei, Chinese   9.1
5. Korea, Republic of   5.2 5. China   8.2
                         
COMMERCIAL SERVICES TRADE  Value Annual percentage change
2008   2000-2008   2007 2008
Commercial services exports (million US$)  146 446   22 33 20
Commercial services imports (million US$)  158 004   20 29 22
2008   2008
Share in world total exports   3.88   Share in world total imports 4.53
Breakdown in economy's total exports Breakdown in economy's total imports
  By principal services item   By principal services item
Transportation   26.2   Transportation 31.9
Travel   27.9   Travel 22.9
Other commercial services   45.9   Other commercial services 45.3
                         
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  215 161  19 159  13 877  248 197