Table of Contents
- 1 What was the greatest trade item made by the Chinese?
- 2 What goods were exported from China what was the most valuable?
- 3 What was the most valuable commodity traded out of China?
- 4 Why was the trade between the US and China so important?
- 5 What kind of goods does China Export to the world?
- 6 What was the problem of trade with China?
What was the greatest trade item made by the Chinese?
silk
Though silk was the major item exported from China for trade, many other goods and ideas were exchanged, including religions (especially Buddhism), syncretic philosophies, scientific discoveries, and technologies like paper and gunpowder.
What goods were exported from China what was the most valuable?
Besides silk, the Chinese also exported (sold) teas, salt, sugar, porcelain, and spices. Most of what was traded was expensive luxury goods. This was because it was a long trip and merchants didn’t have a lot of room for goods. They imported, or bought, goods like cotton, ivory, wool, gold, and silver.
What was the most valuable commodity traded out of China?
Silk
The kinds of products exported from China during the at-least-3,000-year history of the Silk Road changed over time, but silk was generally the most precious export.
What items did China want from the European world?
The Europeans of course were not shipping the silver to China as an act of donation or charity. They were getting goods in return, such as silk, porcelain, and later especially tea.
What is the most valuable product from China?
Searchable List of China’s Most Valuable Export Products
| Rank | China’s Export Product | 2020 Value (US$) |
|---|---|---|
| 1 | Phone system devices including smartphones | $223,217,114,000 |
| 2 | Computers, optical readers | $170,176,156,000 |
| 3 | Integrated circuits/microassemblies | $117,099,589,000 |
| 4 | Miscellaneous articles, dress patterns | $55,225,956,000 |
Why was the trade between the US and China so important?
Trade with China, originally an enterprise of seemingly limited prospects involving significant risk instead turned out to be extremely lucrative. American traders, now with a stable foothold in Guangzhou, were eager to sell their goods to China, but the Chinese interest in foreign goods was limited.
What kind of goods does China Export to the world?
The great bulk of China’s exports consists of manufactured goods, of which electrical and electronic machinery and equipment and clothing, textiles, and footwear are by far the most important. Agricultural products, chemicals, and fuels are also significant exports.
What was the problem of trade with China?
One of the largest problems faced by foreign traders in Guangzhou was finding a reliable medium of exchange that would enable sustainable trade with the Chinese. The Chinese were always willing to accept bullion, in exchange for tea and other products.
What was the amount of trade with China in 1979?
In 1979 Chinese trade totaled US$27.7 billion – 6 percent of China’s GNP but only 0.7 percent of total world trade. In 1985 Chinese foreign trade rose to US$70.8 billion, representing 20 percent of China’s GNP and 2 percent of total world trade and putting China sixteenth in world trade rankings.