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2023
Flag → Flag
Exports $436BRnk 1 / 208
2023
Flag → Flag
Top Product $54.5BBroadcasting Equipment
2023
Flag → Flag
Exports $154BRnk 3 / 220
2023
Flag → Flag
Top Product $15.2BSoybeans
2023
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Economic Complexity (ECI) ECI 1.16Rnk 21 / 132
2023
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Economic Complexity (ECI) ECI 1.5Rnk 10 / 132
2023
Flag  
GDP$17.8TCURRENT US$
Rnk 2 / 195
2013-2023
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GDP GROWTH85.9%CURRENT US$
Rnk 22 / 195
2023
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 GDP$27.7TCURRENT US$
Rnk 1 / 195
2013-2023
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GDP GROWTH64.2%CURRENT US$
Rnk 44 / 195
2023
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GDP PC $12,614CURRENT US$
Rnk 80 / 195
2013-2023
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GDP PC GROWTH79.7%CURRENT US$
Rnk 17 / 195
2023
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GDP PC$82,769CURRENT US$
Rnk 9 / 196
2013-2023
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GDP PC GROWTH55%CURRENT US$
Rnk 40 / 195

About

China-United States Trade: In 2023, China exported $436B to United States. The main products that China exported to United States were Broadcasting Equipment ($54.5B), Computers ($37.9B), and Office Machine Parts ($14.3B). Over the past 5 years the exports of China to United States have decreased at an annualized rate of 4.43%, from $547B in 2018 to $436B in 2023.

In 2023, China did not export any services to United States.

United States-China Trade: In 2023, United States exported $154B to China. The main products that United States exported to China were Soybeans ($15.2B), Crude Petroleum ($10.7B), and Petroleum Gas ($10.3B). Over the past 5 years the exports of United States to China have increased at an annualized rate of 2.3%,  from $137B in 2018 to $154B in 2023.

In 2017, United States exported services to China worth $58.1B, with Travel ($30.7B), Royalties and license fees ($7.41B), and Financial services ($7.26B) being the largest in terms of value.

Comparison: In 2023,  China ranked 21 in the Economic Complexity Index (ECI 1.16), and 1 in total exports ($3.42T). That same year, United States ranked 10 in the Economic Complexity Index (ECI 1.5), and 2 in total exports ($1.86T).

Latest Trends

December, 2024

About

Overview In December 2024, China exported $48.8B and imported $15.3B from United States, resulting in a positive trade balance of $33.5B. Between December 2023 and December 2024 the exports of China have increased by $12.8B (35.6%) from $36B to $48.8B, while imports increased by $388M (2.6%) from $14.9B to $15.3B.

Trade In December 2024, the top exports of China to United States were Telephones ($3.19B), Computers ($2.61B), Commodities not elsewhere specified ($1.75B), Electric Batteries ($1.17B), and Motor vehicles; parts and accessories (8701... ($1.1B). In December 2024 the top imports of China from United States were Soybeans ($1.92B), Petroleum Gas ($1.06B), Cars ($826M), Integrated Circuits ($780M), and Gas Turbines ($673M).

Origins In December 2024 the exports of China were mainly from Guangdong Province ($11B), Jiangsu Province ($8B), Zhejiang Province ($7.42B), Shandong Province ($4.17B), and Shanghai Province ($3.43B), while imports destinations were mainly Shanghai Province ($2.51B), Beijing ($2.19B), Guangdong Province ($1.88B), Zhejiang Province ($1.85B), and Jiangsu Province ($1.44B).

Growth In December 2024, the increase in China's year-by-year exports to United States was explained primarily by an increase in product exports in Commodities not elsewhere specified ($860M or 96.6%), Motor vehicles; parts and accessories (8701... ($161M or 17.2%), and Other Furniture ($84.2M or 10%). In December 2024, the increase in China's year-by-year imports  from United States was explained primarily by an increase in product imports  in Petroleum Gas ($384M or 57%), Machines and apparatus of a kind... ($285M or 111%), and Gas Turbines ($166M or 32.6%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (December 2023 - December 2024)$12.8B(35.6%)
IMPORT GROWTH (December 2023 - December 2024)$388M(2.6%)
MAIN EXPORTER (December 2024)Guangdong Province$11B

This section shows exports and imports data at subnational level for China. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of China over time.

To check United States and China trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore United States and China Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, China exported $436B to United States. The main products exported from China to United States were Broadcasting Equipment ($54.5B), Computers ($37.9B), and Office Machine Parts ($14.3B). During the last 5 years the exports of China to United States have decreased at an annualized rate of 4.43%, from $547B in 2018 to $436B in 2023.

In 2018, United States exported $154B to China. The main products exported from United States to China were Soybeans ($15.2B), Crude Petroleum ($10.7B), and Petroleum Gas ($10.3B). During the last 5 years the exports of United States to China have increased at an annualized rate of 2.3%, from $137B in 2023 to $154B in 2018.

Exports from China (Flag) to United States (Flag) (2023)

Exports from United States (Flag) to China (Flag) (2023)

Market Competitiveness

Color
China
Top DestinationUnited States$436B
United States
Top DestinationCanada$269B

This map shows whether countries import more from China or United States. Each country is colored based on the difference in imports they receive from China and United States or the difference in the growth in imports.

In 2023, countries that imported more from China than United States included Hong Kong ($259B), Vietnam ($135B), and Russia ($110B).

In 2023, countries that imported more from United States than China included Canada ($269B), Mexico ($243B), and Ireland ($24.1B).

Difference in imports from United States (Flag) and China (Flag) (2023)

Comparative Advantage China - United States

Flow
Scale

This chart compares trade between China and United States by product, considering products traded by both, China and United States.

During 2023, China had a large net trade with United States in the exports of Machines ($208B), Miscellaneous ($57.6B), and Textiles ($36.1B).

During 2018, United States had a large net trade with China in the exports of Machines ($29.7B), Mineral Products ($25.2B), and Vegetable Products ($20.6B).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential China United States+$2.5BCars
Top Product Potential United States China+$4.7BCrude Petroleum

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of China and United States. This means that a dot/product with the flag of China indicates it has a comparative advantage over United States. Similarly, a dot/product with the flag of United States indicates it has a comparative advantage over China.

Product Space of China (Flag) and United States (Flag) (2023)

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