China's exports have been in surplus. What export commodities are used to support it?

Since Trump became president of the United States, international affairs have also become lively. With the beginning of Sino-US trade war, China's export surplus has gradually entered people's field of vision, and its export commodities have also attracted the attention of domestic people. Among them, the most are mechanical and electrical equipment, toys, furniture, shoes, clothes and so on.

200 1 After China joined the WTO, foreign trade was protected to a certain extent, and foreign economic channels were gradually opened. Due to the lack of technology and assets, China mainly exports goods, which promotes the development of trade and stimulates the vitality of the domestic economy. However, China's trade surplus is gradually increasing. Apart from some necessary technical considerations, China's huge trade surplus is also one of the main reasons why the United States dares to wage a trade war with China.

According to the data in recent years, China's exports have been growing steadily in the past decade, except that global trade slowed down in 2009 due to the financial crisis and global economic recession. Besides becoming the most populous country, China has also become the largest manufacturing economy and the largest exporter in the world.

Since 1978 began the economic reform, textiles and clothing are the earliest products produced and traded in China. Today, China has become the largest textile producer and exporter in the world. In 20 13, the income of textile industry in China was about 526 billion dollars. As of 20 12, China has been ranked first in the world, accounting for about 33.4% of global textile exports, followed by the EU and India, accounting for 24.3% and 5.3% respectively.

Textile manufacturing is a labor-intensive industry. With the rising labor costs and the declining working-age population, compared with other countries, such as Bangladesh and Cambodia, China is obviously less attractive, because the average monthly wages of workers in their garment factories are much lower and their competitive advantages are obvious. In order to maintain its export advantage, China has gradually improved the power equipment and electronic products industry in the past few years, increased the export volume in this direction, and promoted the global value chain. In 20 12, China has been the largest exporter of integrated circuits and electronic components in the world. It is also the case that a trade structure with electronic equipment as the main body has been formed.