Which countries are most exposed to China?

Paolo Mauro (PIIE) and Jan Zilinsky (PIIE)
August 28, 2015 10:00 AM

The recent drop in China’s stock prices has rekindled interest in the economic impact of a possible slowdown in China’s economic growth. China is now the second largest importer worldwide (closely following the United States), international trade is an important channel through which the Chinese economy can sway growth elsewhere. To gauge which countries would be most affected through direct trade linkages, the table below reports exports to China as a share of total exports for major advanced and emerging economies. The sample consists of the members of the G-20. The data refer to merchandise exports and are drawn from the International Monetary Fund’s Direction of Trade Statistics.

Among the G-20 countries, regional neighbors had some of the largest ratios of exports to China in total exports (Australia, Korea, Japan). Commodity exporters also featured prominently (Brazil, Saudi Arabia). Except for India and Argentina, the trade exposure to China has increased in all G-20 economies since 2007. Beyond the G-20, several neighbors had very large shares (Mongolia had 90 percent in 2013; North Korea and Turkmenistan about 70 percent). Several commodity exporters also had substantial shares, ranging between 45-70 percent for a few African economies including Angola, Republic of Congo, Gambia, and Mauritania. As a slowdown in China would reduce demand for commodities, an additional trade-related channel for commodity producers would occur through lower prices.

Table 1 Exports from G-20 member state to Mainland China, as a share of the country's total exports (in percent)

China imports percent countries

Source: International Monetary Fund,  Direction of Trade Statistics Notes: The average is unweighted across countries. Data for South Africa refer to 2012 instead of 2013.

 

Follow Paolo Mauro (@PMauroPIIE) and Jan Zilinsky (@janzilinsky) on Twitter.

 

Expanded data:

Data in this table refer to 2013 for all countries. Quality varies and many observations, especially for low-income countries, are still preliminary.

Advanced and OECD Share of country exports flowing to China in 2013
Australia 36.1%
Korea, Republic of 26.1%
Chile 24.9%
New Zealand 20.8%
Japan 18.1%
United States 7.7%
Germany 5.4%
Finland 4.9%
Canada 4.3%
Israel 4.3%
Switzerland 4.1%
France 3.4%
Sweden 3.3%
Denmark 3.0%
Bulgaria 2.7%
Italy 2.5%
Turkey 2.4%
Cyprus 2.2%
Austria 2.1%
United Kingdom 2.0%
Norway 1.8%
Mexico 1.7%
Spain 1.7%
Belgium 1.6%
Netherlands 1.6%
Ireland 1.5%
Greece 1.4%
Portugal 1.4%
Hungary 1.2%
Czech Republic 1.2%
Iceland 1.1%
Poland 1.0%
Romania 1.0%
Latvia 0.8%
Estonia 0.8%
Slovenia 0.7%
Croatia 0.6%
Slovak Republic 0.6%
Lithuania 0.4%
   
East Europe and Central Asia  
Turkmenistan 67.7%
Uzbekistan 27.8%
Kazakhstan 23.4%
Albania 9.6%
Tajikistan 8.6%
Russian Federation 6.8%
Kyrgyz Republic 5.0%
Armenia 4.7%
Ukraine 4.3%
Macedonia, FYR 2.3%
Belarus 1.2%
Georgia 1.2%
Bosnia and Herzegovina 0.4%
Azerbaijan 0.4%
Moldova 0.3%
Serbia 0.1%
   
Latin America  
Uruguay 21.6%
Brazil 19.0%
Peru 17.5%
Venezuela 14.0%
Costa Rica 13.1%
Colombia 8.7%
Argentina 7.4%
Panama 6.1%
Honduras 3.3%
Dominican Republic 2.7%
Bolivia 2.6%
Ecuador 2.3%
Guatemala 1.7%
Haiti 1.5%
Nicaragua 0.7%
Paraguay 0.6%
Jamaica 0.3%
El Salvador 0.1%
   
East Asia  
Mongolia 90.4%
Hong Kong 54.8%
Lao 23.9%
Malaysia 13.4%
Indonesia 12.4%
Philippines 12.2%
Thailand 11.9%
Singapore 11.8%
Viet Nam 10.5%
Papua New Guinea 6.6%
Cambodia 3.0%
   
South Asia  
Pakistan 11.1%
Nepal 4.9%
India 4.6%
Sri Lanka 1.6%
Bangladesh 1.6%
Afghanistan  
   
MENA  
Yemen 28.8%
Iran 26.7%
Iraq 19.7%
Saudi Arabia 13.9%
Libya 5.0%
Egypt 5.0%
Algeria 3.3%
Morocco 1.6%
Jordan 1.5%
Lebanon 1.0%
Tunisia 0.3%
   
Africa  
Sierra Leone 78.6%
Gambia 57.0%
Mauritania 55.5%
Congo, Republic of 53.5%
Angola 45.3%
Congo, Democratic Republic of 43.7%
Zambia 38.7%
South Africa 32.0%
Central African Republic 30.1%
Mali 30.1%
Burkina Faso 25.4%
Rwanda 24.2%
Zimbabwe 23.4%
Benin 21.6%
Liberia 19.5%
Tanzania 13.3%
Ethiopia 12.9%
Mozambique 9.4%
Togo 9.0%
Gabon 8.5%
Ghana 8.2%
Madagascar 8.1%
Burundi 7.7%
Guinea-Bissau 7.1%
Cameroon 6.1%
Niger 3.8%
Guinea 3.6%
Uganda 3.6%
Malawi 3.4%
Chad 3.4%
Cote d'Ivoire 1.7%
Nigeria 1.5%
Senegal 0.8%
Kenya 0.8%
Trinidad and Tobago 0.6%
Mauritius 0.6%

Comments

Helmut Pastrick

Hi: Good table. I do not see Taiwan? Cheers.

jzilinsky

It is not included in the original data source.

Add new comment