China (CHN) and United States (USA) Trade

About

China-United States: In 2018, China exported $499B to United States. The main products exported from China to United States were Broadcasting Equipment ($57.8B), Computers ($46.2B), and Office Machine Parts ($25B). During the last 23 years the exports of China to United States have increased at an annualized rate of 11.4%, from $41.8B in 1995 to $499B in 2018.

United States-China: In 2018, United States exported $119B to China. The main products exported from United States to China were Planes, Helicopters, and/or Spacecraft ($15.6B), Cars ($6.86B), and Integrated Circuits ($6.45B). During the last 23 years the exports of United States to China have increased at an annualized rate of 9.79%, from $13.9B in 1995 to $119B in 2018. In 2011, United States exported services to China worth $21B, with Travel ($11.9B), Transportation ($4.32B), and Royalties and license fees ($4.13B) being the largest in terms of value.

Comparison: In 2018, China ranked 30 in the Economic Complexity Index (ECI 0.89), and 1 in total exports ($2.59T). That same year, United States ranked 9 in the Economic Complexity Index (ECI 1.57), and 3 in total exports ($1.44T). In terms of GDP Per Capita, China was ranked 78 with a GDP Per Capita of $9,771, and United States was ranked 10 with a GDP Per Capita of $62,795.

Product Trade

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Bilateral Trade by Products

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Depth

Value

Year

In 2018, China exported $499B to United States. The main products exported from China to United States were Broadcasting Equipment ($57.8B), Computers ($46.2B), and Office Machine Parts ($25B). During the last 23 years the exports of China to United States have increased at an annualized rate of 11.4%, from $41.8B in 1995 to $499B in 2018.

In 2018, United States exported $119B to China. The main products exported from United States to China were Planes, Helicopters, and/or Spacecraft ($15.6B), Cars ($6.86B), and Integrated Circuits ($6.45B). During the last 23 years the exports of United States to China have increased at an annualized rate of 9.79%, from $13.9B in 1995 to $119B in 2018.

Latest Data

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Date

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Date

Market Competitiveness

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Measure

SectionYear

China
Top Destination: United States, $499B

United States
Top Destination: Mexico, $237B

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 2018, countries that imported more from China than United States were Hong Kong ($282B), Japan ($155B), and Vietnam ($83.3B).

In 2018, countries that imported more from United States than China were Mexico ($237B), Canada ($190B), and Belgium-Luxembourg ($32B).

Comparative Advantage China - United States

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Depth

Year

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

During 2018, China had a large net trade with United States in the exports of Machines ($243B), Miscellaneous ($61.1B), and Textiles ($42.4B).

During 2018, United States had a large net trade with China in the exports of Transportation ($26.1B), Machines ($24.7B), and Instruments ($13B).

Tariff Section

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Tariffs

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This sections shows import tariffs for products traded between China and United States (using the HS6 product classification and the last year reported).

In 2018, the products from China that paid the highest import tariffs to enter United States were Vermouth and other flavoured grape wines - pack < 2l (65%) and Vermouth and other flavoured grape wines - pack > 2l (65%).

In 2018, the products from United States that paid the highest import tariffs to enter China were Tobacco: smoking, other than water pipe tobacco, whether or not containing tobacco substitutes in any proportion (350%) and Homogenized or reconstituted tobacco (350%).

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*The tariffs present between China and United States are:
125: General duty rate
136: Most Favoured Nation duty rate treatement

Forecasts

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Trade Forecasts

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This section shows a forecast for total trade between China and United States. The forecast is based on a long short-term memory model or LSTM constructed using yearly trade data.

To create custom forecast, or modify the parameters of the forecasting model, visit our Forecast Section.

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Service Trade

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Bilateral Service Trade

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Usa Year

In 2011, United States exported services to China worth $21B, with Travel ($11.9B), Transportation ($4.32B), and Royalties and license fees ($4.13B) being the largest in terms of value.

Service trade data is presented based on availability.

Economic Complexity

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Competitive Landscape

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Year

This visualization show the product space at the HS4 level colored from blue to red. This mean that the more blue a dot/product is, the more China has comparative advantage over United States. Similarly, the more red a dot/product is, the more United States has comparative advantage over China.

About

Product Trade

Bilateral Trade by Products

Latest Data

Market Competitiveness

Comparative Advantage China - United States

Tariff Section

Tariffs

Forecasts

Trade Forecasts

Service Trade

Bilateral Service Trade

Economic Complexity

Competitive Landscape

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