March 2014
China
                         
BASIC INDICATORS
Population (thousands, 2012) 1 350 695 Rank in world trade, 2012 Exports Imports
GDP (million current US$, 2012) 8 227 103 Merchandise  1 2
GDP (million current PPP US$, 2012) 12 268 638 excluding intra-EU trade 2 3
Current account balance (million US$, 2012)  190 000 Commercial services 5 3
Trade per capita (US$, 2010-2012)  2 853 excluding intra-EU trade 3 3
Trade to GDP ratio (2010-2012)   53.6
Annual percentage change
2012   2005-2012 2011 2012
Real GDP (2005=100)   200 10 9 8
Exports of goods and services (volume, 2005=100)   163 7 4 3
Imports of goods and services (volume, 2005=100)   155 6 5 4
                         
TRADE POLICY
WTO accession 11 December 2001 Contribution to WTO budget (%, 2014) 8.144
Trade Policy Review 12, 14 June 2012 Import duties collected (%, 2009-2011)
GPA accession  Observer in total tax revenue 2.6
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   15
Simple average of import duties Goods RTAs - services EIAs notified to WTO 10 - 9
All goods   10.0   9.6 Anti-dumping (30 June 2013) 118
Agricultural goods (AOA)   15.8   15.6 Countervailing duties (30 June 2013) 4
Non-agricultural goods   9.1   8.7 Safeguards (18 October 2013)   0
Non ad-valorem duties (% total tariff lines)   0.0   0.5 Number of disputes (complainant - defendant) 
MFN duty free imports (%, 2011) Requests for consultation 12 - 31
in agricultural goods (AOA)   1.0 Original panel / Appellate Body (AB) reports 7 - 12
in non-agricultural goods   54.3 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
2012   2005-2012 2011 2012
Merchandise exports, f.o.b. (million US$) 2 048 714 15 20 8
Merchandise imports, c.i.f. (million US$) 1 818 405 16 25 4
2012   2012
Share in world total exports    11.13 Share in world total imports  9.77
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 8.6
Fuels and mining products   2.7 Fuels and mining products 29.4
Manufactures   94.0 Manufactures 58.2
  By main destination   By main origin
1. United States   17.2 1. European Union (27)   11.7
2. European Union (27)   16.3 2. Japan   9.8
3. Hong Kong, China   15.8 3. Korea, Republic of   9.3
4. Japan   7.4 4. China   7.9
5. Korea, Republic of   4.3 5. United States   7.4
                         
COMMERCIAL SERVICES TRADE  Value Annual percentage change
2012   2005-2012   2011 2012
Commercial services exports (million US$)  190 440   14 9 8
Commercial services imports (million US$)  280 164   19 23 18
2012   2012
Share in world total exports   4.35   Share in world total imports 6.73
Breakdown in economy's total exports Breakdown in economy's total imports
  By principal services item   By principal services item
Transportation   20.4   Transportation 30.6
Travel   26.3   Travel 36.4
Other commercial services   53.3   Other commercial services 32.9
                         
INDUSTRIAL PROPERTY 
Patent grants by patent office, 2012 Trademark registrations by office, 2012
Residents Non-residents  Total  Direct residents Direct non-residents Madrid  Total 
 143 808  73 297  217 105  919 951  58 656  16 517  995 124