Flag China / United States Flag

2019
Flag β†’ Flag  
Exports
: $429B, Rnk 1 / 209

2019
Flag β†’ Flag
Top Product
: $50.5B, Broadcasting Equipment

2019
Flag β†’ Flag
Exports
: $103B, Rnk 3 / 218

2019
Flag β†’ Flag
Top Product
: $8.47B, Integrated Circuits

2019
Flag
Economic Complexity (ECI)
: ECI 1.06, Rnk 29 / 157

2019
Flag
Economic Complexity (ECI)
: ECI 1.63, Rnk 10 / 157

2019
Flag  
GDP
: $14.3T, CURRENT US$
Rnk 2 / 187

2009-2019
Flag
GDP GROWTH
: 181%, CURRENT US$
Rnk 6 / 187

2019
Flag
 GDP
: $21.4T, CURRENT US$
Rnk 1 / 187

2009-2019
Flag
GDP GROWTH
: 48.3%, CURRENT US$
Rnk 96 / 187

2019
Flag
GDP PC 
: $10,262, CURRENT US$
Rnk 71 / 187

2009-2019
Flag
GDP PC GROWTH
: 168%, CURRENT US$
Rnk 2 / 187

2019
Flag
GDP PC 
: $65,298, CURRENT US$
Rnk 8 / 187

2009-2019
Flag
GDP PC GROWTH
: 38.6%, CURRENT US$
Rnk 76 / 187

China-United States: In 2019, China exported $429B to United States. The main products that China exported to United States are Broadcasting Equipment ($50.5B), Computers ($41.6B), and Office Machine Parts ($15B). During the last 24 years the exports of China to United States have increased at an annualized rate of 11.1%, from $34.3B in 1995 to $429B in 2019.

In 2019, China did not exported services to United States.

United States-China: In 2019, United States exported $103B to China . The main products that United States exported to China were Integrated Circuits ($8.47B), Soybeans ($7.87B), and Cars ($7.34B). During the last 24 years the exports of United States to China have increased at an annualized rate of 9.2%, from $12.5B in 1995 to $103B in 2019.

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 2019,  China ranked 29 in the Economic Complexity Index (ECI 1.06), and 1 in total exports ($2.57T). That same year, United States ranked 10 in the Economic Complexity Index (ECI 1.63), and 2 in total exports ($1.51T).

Bilateral Trade by Products

#permalink to section
Depth
Value

In 2019, China exported $429B to United States. The main products exported from China to United States were Broadcasting Equipment ($50.5B), Computers ($41.6B), and Office Machine Parts ($15B). During the last 24 years the exports of China to United States have increased at an annualized rate of 11.1%, from $34.3B in 1995 to $429B in 2019.

In 2019, United States exported $103B to China. The main products exported from United States to China were Integrated Circuits ($8.47B), Soybeans ($7.87B), and Cars ($7.34B). During the last 24 years the exports of United States to China have increased at an annualized rate of 9.2%, from $12.5B in 1995 to $103B in 2019.

Market Competitiveness

#permalink to section
Measure

China
Top Destination
: United States, $429B

United States
Top Destination
: Canada, $252B

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 2019, countries that imported more from China than United States were Hong Kong ($268B), Japan ($152B), and Vietnam ($91.1B).

In 2019, countries that imported more from United States than China were Canada ($252B), Mexico ($235B), and Belgium ($33.3B).

Comparative Advantage China - United States

#permalink to section
Depth

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

During 2019, China had a large net trade with United States in the exports of Machines ($205B), Miscellaneous ($54.2B), and Textiles ($39.7B).

During 2019, United States had a large net trade with China in the exports of Machines ($24.7B), Transportation ($16.2B), and Chemical Products ($13.3B).

Tariff Section

#permalink to section

This section 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%).

Explore Tariff Data

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

Bilateral Service Trade

#permalink to section

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

#permalink to section

Competitive Landscape

#permalink to section

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.