Introduction to China's Export Machinery Categories
The world's largest producer and consumer of manufactured goods, China has become an increasingly competitive exporter over the past few decades. This has occurred because its domestic businesses developed management skills and market knowledge that allowed them to grow their sales through international merchandise trade and capital markets.
Agricultural machinery
Agricultural machines are used in many areas of farming, including crop production and livestock production. They range from the simple tractor to complex machines that do everything from handling residues from previous crops and primary tillage of the soil to the application of fertilizers, seeding, planting and harvesting.
The role of freight forwarders Shipping commodities is a complicated process that involves bargaining with carriers for cost-efficient rates to and from a customer's destination. It also requires the balancing of various considerations, such as credit status, time flexibility, space/tonnage requirements and more.
Machines and equipment are the top category of exports from China, accounting for more than 40% of its total trade in 2022. Other categories include computers, broadcasting equipment, telephones and textiles.
Relatedness and complexity
As the Chinese economy grows, its production structure becomes more complex. As a result, the probability of co-exporting specific products increases. This is measured using the "Complexity-Relatedness" diagram. The higher the value of a product's relatedness, the more likely that a country will export it in the future.
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