China's Export Product Structure: Electromechanical Products Account for Nearly Half in 2023

Overview of Export Product Structure

According to China Customs data and industry estimates, China's total exports in 2023 were approximately $3.38 trillion. By product category, electromechanical products remained the dominant export, accounting for 48%, followed by transport equipment, textiles and garments, and chemical products.

• Electromechanical Products: Including electronic components and machinery, these have long been the backbone of China's exports, reflecting the country's manufacturing competitiveness.
• Transport Equipment: Benefiting from the growth of new energy vehicles and ship exports, its share rose to 8%.
• Textiles & Garments: A traditional advantage sector, accounting for about 10%, but facing a slow decline due to supply chain shifts.
• Chemical Products: Basic and fine chemicals, with a share of 7%.
• Plastics & Rubber: Widely used in packaging and industry, representing 4%.
• Food Products: Including aquatic products and fruits, at 3%.
• Others: Covering toys, furniture, steel, and many other categories, accounting for 20%.

In recent years, China's export structure has been continuously optimized, with a rising share of high-tech products, while labor-intensive products remain resilient.