
Microchips, Oil and Soybeans: The Global Impact of China’s Imports
What China buys and where it buys it have reshaped supply chains, commodity flows and trade balances worldwide.
What China buys and where it buys it have reshaped supply chains, commodity flows and trade balances worldwide.
China and the U.S. account for 36% of the world’s oil refining capacity, and only five economies control half of the world’s capacity.
China’s Five-Year Plans steered economic development from investment- and export-led expansion toward more balanced, high-quality growth.
Asia’s share of global imports is dominant across key industrial commodities, with China driving regional demand and shaping global supply chains.
Oil still dominates Saudi Arabia’s exports, but the country now exports a rapidly growing array of non-oil products.
China is the world’s largest consumer of energy and runs large trade deficits for primary fuels, especially crude oil and petroleum gases.