Top 10 trading partners of the Chinese mainland in 2014
The Chinese mainland's foreign trade totaled $4.3 trillion, increasing 3.4 percent year on year in 2014 denominated in US dollars, significantly lower than the 7.6 percent rise in 2013 and the 7.5 percent target, due to a slow global recovery, less competitive Chinese made products, less foreign direct investment in the manufacturing sector and falling commodity prices.
Factors such as slow global recovery, less competitive Chinese-made products, drop in foreign direct investment in the manufacturing sector and falling commodity prices have been blamed for the decline in foreign trade growth.
Despite slow economic growth, the European Union returned to be the largest trading partner of the Chinese mainland in 2014.
Let us take a look of the top 10 trading partners.
No 10 Brazil: $86.58 billion, down by 4% year-on-year
View of Statue of Christ in Rio de Janeiro, Brazil
No 9 Russia: $95.28 billion, up by 6.8% year-on-year
The Red Square and the Kremlin are pictured in Moscow city, Russia
No 8 Australia: $136.9 billion, up by 3% year-on-year
Opera House, Sydney
No 7 China's Taiwan region: $198.31 billion, up by 6% year-on-year
A glance of Riyuetan Pool in Taiwan, China
No 6 The Republic of Korea: $290.49 billion, up by 5.9% year-on-year
Sungnyemun gate is seen in downtown Seoul, South Korea
No 5 Japan: $312.44 billion, staying flat year-on-year
Mt Fuji is seen over Tokyo's skyline
No 4 Hong Kong Special Administrative Region: $376.09 billion, down by 6.2% year-on-year
Golden Bauhinia Square, Hong Kong
No 3 Association of Southeast Asian Nations: $480.39 billion, up by 8.3% year-on-year
The 11th China-ASEAN, Nanning, Guangxi Zhuang autonomous region
No 2 The United States: $555.12 billion, up by 6.6% year-on-year
The Capitol Hill, the United States
No 1 European Union: $615.14 billion, up by 9.9% year-on-year
The euro-sculpture in front of European Central Bank in Frankfurt, Germany