China Trade Product Opportunities
China racked up the greatest global trade deficits during 2015 for the products in the accompanying list. The underlying sales for these product deficits represent strong domestic demand, thus answering the question: What does China need to import?
Oil
The products below earned the greatest subcategory deficits for China.
1. Crude oil: -$132.8 billion
2. Petroleum gases: -$22.9 billion
3. Coal, solid fuels made from coal: -$9.6 billion
4. High-temp distilled coal tar oils: -$5.6 billion
5. Asphalt/petroleum bitumen mixes: -$4.3 billion
6. Lignite: -$2 billion
7. Petroleum oil residues: -$1.6 billion
8. Peat: -$27.5 million
9. Natural bitumen, asphalt, shale: -$9.4 million
Ores, slag, ash
The products below earned the greatest subcategory deficits for China.
1. Iron ores, concentrates: -$57.9 billion
2. Copper ores, concentrates: -$19.4 billion
3. Aluminum ores, concentrates: -$3 billion
4. Nickel ores, concentrates: -$2.7 billion
5. Lead ores, concentrates: -$2.1 billion
6. Zinc ores, concentrates: -$2 billion
7. Manganese ores, concentrates: -$2 billion
8. Precious metal ores, concentrates: -$1.9 billion
9. Chromium ores, concentrates: -$1.8 billion
10. Niobium/zirconium ores, conc.: -$882.8 million
Oil seed
The products below earned the greatest subcategory deficits for China.
1. Soya beans: -$34.8 billion
2. Rape/colza seeds: -$2 billion
3. Oil seeds: -$932.3 million
4. Hay, alfalfa, clover: -$527.5 million
5. Linseed: -$199.2 million
6. Sowing seeds, fruits, spores: -$165.6 million
7. Fresh or dried hop cones: -$20.3 million
8. Cereal straws, husks: -$1.1 million
9. Copra: $1,000
Copper
The products below earned the greatest subcategory deficits for China.
1. Refined copper, unwrought alloys: -$19.8 billion
2. Copper waste, scrap: -$8.4 billion
3. Unrefined copper: -$3 billion
4. Copper foil: -$1.6 billion
5. Copper wire: -$786.5 million
6. Copper plates, sheets, strips: -$718.2 million
7. Copper bars, rods: -$340.5 million
8. Copper mattes, cement copper: -$129 million
9. Miscellaneous copper items: -$104.5 million
10. Uninsulated copper wire, cables: -$93.6 million
Medical, technical equipment
The products below earned the greatest
subcategory deficits for China.
1. Liquid crystal/laser/optical tools: -$12.4 billion
2. Other measuring/testing machines: -$5.8 billion
3. Physical/chemical analysis tools: -$4.9 billion
4. Optical fiber cables, sheets, plates: -$3 billion
5. Oscilloscopes, spectrum analyzers: -$2.3 billion
6. Orthopedic appliances: -$1.6 billion
7. X-ray equipment: -$1.4 billion
8. Regulate/control instruments: -$1.2 billion
9. Lenses, prisms, mirrors: -$977.4 million
10. Electro-med. equip (e.g. xrays): -$612.1 million
Aircraft, spacecraft
The products below earned the greatest subcategory deficits for China.
1. Aircraft, spacecraft: -$23.9 billion
2. Aircraft parts: -$480.5 million
3. Aircraft launch gear, ground fly trainer:
-$189.9 million
Woodpulp
The products below earned the greatest
subcategory deficits for China.
1. Chemical woodpulp (non-dissolving):
-$9.9 billion
2. Paper/paperboard waste, scrap: -$5.3 billion
3. Chemical woodpulp (dissolving): -$2 billion
4. Semi-chemical woodpulp: -$774.7 million
5. Sulphite woodpulp: -$17.1 million
6. Mechanical woodpulp: -$2.1 million
Pharmaceuticals
The products below earned the greatest subcategory deficits for China.
1. Medication mixes in dosage: -$10.2 billion
2. Blood fractions (including antisera): -$4.8 billion
Cereals
The products below earned the greatest subcategory deficits for China.
1. Sorghum grain: -$3 billion
2. Barley: -$2.9 billion
3. Rice: -$1.2 billion
4. Corn: -$1.1 billion
5. Wheat: -$885.2 million
6. Oats: -$50 million
7. Rye: -$2,000
Animal/vegetable fats and oils
The products below earned the greatest
subcategory deficits for China.
1. Palm oil: -$3.7 billion
2. Coconut/palm/babassu oil: -$761.2 million
3. Rape/colza/mustard oil: -$651.9 million
4. Sun/safflower/cotton-seed oil: -$581.2 million
5. Soya-bean oil: -$521.8 million
6. Margarine: -$264.7 million
7. Fixed vegetable fats/oils: -$239.8 million
8. Olive oil: -$156.7 million
9. Glycerol (glycerine): -$153.8 million
10. Ground nut oil: -$146.3 million
Vehicles
The products below earned the greatest
subcategory deficits for China.
1. Cars: -$40.1 billion
2. Chassis fitted with engine: -$162.6 million
Fastest-Growing Chinese Trade Product Deficits 2015
Data source: Trade Map, International Trade Centre, www.intracen.org/marketanalysis