China’s National Export Volume and Value Table of Key Commodities in December 2024 (in US dollars)

Unit: USD1 Million
Commodity	Quantity Unit	December		January to December Total		January to December Total, 2023		1-to-12 Total, Year-On-Year(%)
		Quantity	Value	Quantity	Value	Quantity	Value	Quantity	Value
Agricultural products*	—	–	10,540.2	–	103,004.7	–	98,922.6	–	4.1
Aquatic products	10,000 Tons	43.2	2,087.5	417.0	20,139.2	370.2	19,871.5	12.6	1.3
Grain	10,000 Tons	17.7	106.3	226.0	1,430.8	261.8	1,764.4	-13.7	-18.9
Petroleum products	10,000 Tons	373.9	2,548.6	5,813.7	41,877.5	6,265.6	48,322.7	-7.2	-13.3
Rare earth	Ton	3,326.2	41.2	55,431.1	488.8	52,306.5	763.1	6	-36
Medicinal materials and medicaments of Chinese type	Ton	15,172.6	139.7	139,035.2	1,332.3	143,791.4	1,336.8	-3.3	-0.3
Fertilizers	10,000 Tons	286.1	699.6	3,213.3	8,709.2	3,149.6	9,841.5	2	-11.5
Plastic products	–	–	10,296.1	–	106,086.0	–	100,608.0	–	5.4
Suitcases, handbags and similar containers	10,000 Tons	31.4	3,176.5	362.4	34,540.5	330.8	35,673.3	9.6	-3.2
Textile yarn, fabrics and articles thereof	–	–	13,134.6	–	141,959.8	–	134,332.0	–	5.7
Garments and clothing accessories	–	–	14,934.1	–	159,142.7	–	158,590.3	–	0.3
Footwear	10,000 Pairs	9.1	4,734.0	92.0	46,873.0	89.1	49,282.0	3.3	-4.9
Ceramic products	10,000 Tons	180.9	2,409.7	1,956.6	21,988.9	1,903.7	26,057.6	2.8	-15.6
Steel products	10,000 Tons	972.7	7,128.5	11,071.6	83,631.0	9,026.4	84,539.0	22.7	-1.1
Unwrought aluminium and aluminium products	Ton	50.6	1,711.0	666.5	22,071.2	567.5	19,159.2	17.4	15.2
Furniture and parts thereof	–	–	7,061.5	–	67,884.2	–	64,175.3	–	5.8
Toys	–	–	3,321.7	–	39,870.4	–	40,543.1	–	-1.7
Mechanical and electrical products*	–	–	199,107.1	–	2,125,497.3	–	1,977,363.9	–	7.5
General machinery	–	–	6,176.3	–	64,212.5	–	56,201.6	–	14.3
Automatic data processing equipment and parts thereof	–	–	18,622.0	–	206,004.8	–	187,429.0	–	9.9
Mobile phones	10,000 Sets	7,081.9	11,346.8	81,394.4	134,362.5	80,168.2	138,726.5	1.5	-3.1
Household appliances	10,000 Sets	38,359.8	8,396.3	448,144.5	100,102.5	370,828.6	87,762.6	20.8	14.1
Audio or video devices and parts thereof	–	–	3,539.4	–	37,482.5	–	35,823.2	–	4.6
Integrated circuits	100 Million PCS	264.5	14,799.9	2,981.1	159,499.1	2,670.1	135,916.0	11.6	17.4
Motor vehicles（including	10,000 Autos	57.4	9,985.4	640.7	117,353.1	521.8	101,604.9	22.8	15.5
chassis fitted with engines)
Automotive components and parts	–	–	8,648.5	–	93,432.7	–	87,634.8	–	6.6
Ships	Ship	555.0	3,571.5	5,804.0	43,380.1	4,638.0	27,578.9	25.1	57.3
LCD panels	10,000 PCS	16,610.8	2,424.1	189,264.1	29,030.3	169,196.3	26,627.6	11.9	9
Medical or surgical instruments and apparatuses	–	–	2,042.0	–	19,714.4	–	18,399.0	–	7.1
Lamps and light fittings and parts thereof	–	–	4,380.4	–	42,171.6	–	42,201.1	–	-0.1
Hi-tech products*	–	–	80,344.1	–	882,359.1	–	841,986.7	–	4.8
Note: “Agricultural products*”, “Mechanical and electrical products*” and “Hi-tech products*” include relevant products listed in the table.									S

Source: China Custom

 

China’s Total Export & Import Values by Country/Region, December 2024 (in USD)

Unit: USD1 Million
Import Source/Export Destination	Export & Import	Export	Import	1-to-12 Total Year-on-Year (±%)
	December	January to December	December	January to December	December	January to December	Export & Import	Export	Import
Total	566,416.2	6,162,288.7	335,627.0	3,577,222.0	230,789.1	2,585,066.7	3.8	5.9	1.1
European Union	69,368.0	785,824.5	46,503.3	516,461.2	22,864.7	269,363.3	0.4	3	-4.4
of which: Germany	17,547.3	201,876.3	9,696.3	107,049.8	7,851.0	94,826.5	-2.4	6.5	-10.7
Netherlands	10,048.0	110,007.3	7,824.2	91,209.2	2,223.8	18,798.2	-6.1	-9	11.2
France	7,500.7	79,581.1	4,138.8	44,490.2	3,362.0	35,090.9	0.8	6.9	-5.9
Italy	6,544.3	72,542.3	4,176.4	46,194.7	2,367.9	26,347.5	1.1	3.8	-3.2
United States (US)	64,155.6	688,280.3	48,829.7	524,656.2	15,325.8	163,624.1	3.7	4.9	-0.1
ASEAN	97,404.4	982,335.0	59,706.2	586,523.9	37,698.2	395,811.1	7.8	12	2
of which: Vietnam	25,258.9	260,650.8	15,721.3	161,889.5	9,537.6	98,761.3	13.5	17.7	7.2
Malaysia	21,204.3	212,031.8	10,732.2	101,463.3	10,472.0	110,568.4	11.4	16.1	7.4
Thailand	13,079.7	133,981.5	8,630.7	86,036.3	4,449.1	47,945.2	6.1	13.6	-5.2
Singapore	11,666.7	111,113.7	8,442.6	79,220.3	3,224.2	31,893.3	2.6	3	1.5
Indonesia	15,756.4	147,796.3	8,881.2	76,697.8	6,875.2	71,098.4	6.1	17.6	-4
Philippines	6,440.1	71,600.8	4,704.1	52,277.0	1,735.9	19,323.8	-0.4	-0.2	-0.8
Japan	28,448.9	308,273.7	12,528.2	152,019.4	15,920.7	156,254.3	-3	-3.5	-2.6
Hong Kong, China	28,637.3	309,702.4	27,022.2	291,139.9	1,615.1	18,562.5	7.6	6.2	35.8
R. O. Korea	30,937.8	328,082.6	13,607.5	146,365.6	17,330.3	181,717.0	5.6	-1.8	12.4
Taiwan, China	26,857.8	292,971.2	6,831.6	75,188.5	20,026.2	217,782.6	9.4	9.8	9.3
Australia	17,531.4	211,286.2	5,659.1	70,713.7	11,872.3	140,572.5	-8.1	-4.2	-10
Russian Federation	21,973.5	244,819.5	11,303.1	115,499.2	10,670.4	129,320.4	1.9	4.1	0
India	11,893.5	138,478.2	10,462.2	120,481.4	1,431.4	17,996.7	1.7	2.4	-3
United Kingdom (UK)	9,089.2	98,362.6	7,351.2	78,873.2	1,738.0	19,489.4	0.4	1.2	-2.9
Canada	10,161.1	93,041.2	4,052.4	46,442.5	6,108.7	46,598.7	4.5	3	6.1
New Zealand	1,847.5	20,152.1	661.0	7,735.8	1,186.5	12,416.3	-5.6	-1.8	-7.9
Latin America	42,744.3	518,467.0	23,441.1	277,000.7	19,303.2	241,466.4	6	13	-1.1
of which: Brazil	13,481.1	188,168.9	5,568.7	72,075.5	7,912.4	116,093.5	3.5	22	-5.3
Africa	28,810.7	295,562.5	19,140.9	178,762.6	9,669.7	116,799.9	4.8	3.5	6.9
of which: South Africa	4,127.5	52,456.9	2,052.9	21,813.7	2,074.6	30,643.2	-5.7	-7.8	-4.2
Note:
1.The Association of Southeast Asian Nations (ASEAN) includes: Brunei, Myanmar, Cambodia, Indonesia, Laos, Malaysia, Philippines, Singapore, Thailand, Vietnam;
2.The European Union (EU) includes: Belgium, Denmark, Germany, France, Ireland, Italy, Luxembourg, Netherlands, Greece, Portugal, Spain, Austria, Finland, Sweden, Cyprus, Hungary, Malta, Poland, Estonia, Latvia, Lithuania, Slovenia, Czech Republic, Slovakia, Bulgaria, Romania, Croatia;
3.From February 1, 2020, the EU trade value does not include UK data, with adjustment made in year-on-year data thereof.

Source: China Custom

 

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According to the latest Alphaliner research report, CMA CGM, Maersk and COSCO were in the lead on the trans-Pacific route in November, with the three liner companies deploying very close capacity.

 

Specifically, in November, CMA CGM’s market share on trans-Pacific routes reached 13.2 percent, surpassing Maersk’s 13.1 percent to become the largest liner company on trans-Pacific routes.  Cosco Shipping Group ranked third with a 12.9% market share.

 

In November, the total number of container ships deployed on the Far East-North America trans-Pacific route was 562 with a total capacity of nearly 5.4 million TEU, representing a 4.2% year-on-year increase compared to November 2023.

 

Based on this, the capacity deployed on trans-Pacific route trade represents 17% of the global fleet.  At the same time, due to the Red Sea crisis, which caused containers to sail around the Cape of Good Hope, the Asia-Europe route took up more capacity, accounting for 22 per cent of the global fleet.

 

Meanwhile, CMA CGM’s capacity on trans-Pacific routes rose 1 per cent, Maersk’s fell 4 per cent and COSCO’s rose 8 per cent.

The fastest growth on the Far East-North America trans-Pacific route was recorded by Wanhai Shipping, which saw a 39.3% increase in capacity compared to November 2023 and a 3.1% market share thanks to the deployment of a series of 13,450TEU newbuilds.  It was followed by Zim (Zim) with a 24.1% YoY increase.

 

At the same time, strong demand, especially at ports in the West, has attracted three new companies – Hopede, SeaLead and T.S. INES – which, despite having only a 1% market share on the trans-Pacific route, have lost ground as Trump’s tariff 2.0 and the ILA-USMX impasse take hold.  2025 is expected to repeat the good outlook of 2024.

Alphaliner points out that in November, MSC, currently the world’s largest liner, lost 20 per cent of its capacity on trans-Pacific routes, putting it in sixth place.  However, this is only temporary for now.

 

With the conclusion of Maersk’s 2M alliance collaboration with MSC in February 2025, MSC will redeploy its Far East-America routes, and MSC’s capacity on transoceanic routes is expected to grow significantly.

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