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2022
Flag → Flag
Exports $463BRnk 1 / 211
2022
Flag → Flag
Top Product $59.3BBroadcasting Equipment
2022
Flag → Flag
Exports $128BRnk 3 / 219
2022
Flag → Flag
Top Product $18BSoybeans
2022
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Economic Complexity (ECI) ECI 1.12Rnk 22 / 133
2022
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Economic Complexity (ECI) ECI 1.47Rnk 10 / 133
2022
Flag  
GDP$18TCURRENT US$
Rnk 2 / 186
2012-2022
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GDP GROWTH111%CURRENT US$
Rnk 11 / 186
2022
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 GDP$25.5TCURRENT US$
Rnk 1 / 186
2012-2022
Flag
GDP GROWTH56.7%CURRENT US$
Rnk 45 / 186
2022
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GDP PC $12,720CURRENT US$
Rnk 67 / 186
2012-2022
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GDP PC GROWTH102%CURRENT US$
Rnk 8 / 186
2022
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GDP PC$76,399CURRENT US$
Rnk 8 / 186
2012-2022
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GDP PC GROWTH47.5%CURRENT US$
Rnk 39 / 186

About

China-United States Trade: In 2022, China exported $463B to United States. The main products that China exported to United States were Broadcasting Equipment ($59.3B), Computers ($51.9B), and Office Machine Parts ($17.2B). Over the past 5 years the exports of China to United States have increased at an annualized rate of 65.3%, from $37.5B in 2017 to $463B in 2022.

In 2022, China did not export any services to United States.

United States-China Trade: In 2022, United States exported $128B to China. The main products that United States exported to China were Soybeans ($18B), Integrated Circuits ($9.61B), and Crude Petroleum ($6.9B). Over the past 5 years the exports of United States to China have increased at an annualized rate of 58.6%,  from $12.7B in 2017 to $128B in 2022.

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 2022,  China ranked 22 in the Economic Complexity Index (ECI 1.12), and 1 in total exports ($3.73T). That same year, United States ranked 10 in the Economic Complexity Index (ECI 1.47), and 2 in total exports ($1.95T).

Latest Trends

May, 2024

About

Overview In May 2024, China exported $44B and imported $13.2B from United States, resulting in a positive trade balance of $30.8B. Between May 2023 and May 2024 the exports of China have increased by $1.54B (3.62%) from $42.5B to $44B, while imports decreased by $-1.11B (-7.78%) from $14.3B to $13.2B.

Trade In May 2024, the top exports of China to United States were Telephones ($5.39B), Computers ($2.81B), Electric Batteries ($1.42B), Light Fixtures ($998M), and Motor vehicles; parts and accessories (8701... ($939M). In May 2024 the top imports of China from United States were Soybeans ($3.58B), Cars ($706M), Petroleum Gas ($674M), Integrated Circuits ($645M), and Crude Petroleum ($633M).

Origins In May 2024 the exports of China were mainly from Guangdong Province ($12.1B), Zhejiang Province ($7.76B), Jiangsu Province ($7.04B), Shanghai Province ($3B), and Shandong Province ($2.71B), while imports destinations were mainly Beijing ($2.64B), Shanghai Province ($2.31B), Guangdong Province ($1.49B), Jiangsu Province ($1.34B), and Zhejiang Province ($1.18B).

Growth In May 2024, the increase in China's year-by-year exports to United States was explained primarily by an increase in product exports in Electric Batteries ($747M or 112%), Commodities not elsewhere specified ($288M or 47.8%), and Video and Card Games ($181M or 33.8%). In May 2024, the decrease in China's year-by-year imports  from United States was explained primarily by an decrease in product imports  in Cars ($-726M or -50.7%), Petroleum Gas ($-664M or -49.6%), and Coal Briquettes ($-638M or -91.6%).

Latest Trade

Flow
Time Scale
Depth
Value
EXPORT GROWTH (May 2023 - May 2024)$1.54B(3.62%)
IMPORT GROWTH (May 2023 - May 2024)$-1.11B(-7.78%)
MAIN EXPORTER (May 2024)Guangdong Province$12.1B

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 2022, China exported $463B to United States. The main products exported from China to United States were Broadcasting Equipment ($59.3B), Computers ($51.9B), and Office Machine Parts ($17.2B). During the last 5 years the exports of China to United States have increased at an annualized rate of 65.3%, from $37.5B in 2017 to $463B in 2022.

In 2017, United States exported $128B to China. The main products exported from United States to China were Soybeans ($18B), Integrated Circuits ($9.61B), and Crude Petroleum ($6.9B). During the last 22 years the exports of United States to China have increased at an annualized rate of 58.6%, from $12.7B in 1995 to $128B in 2017.

Exports from China (Flag) to United States (Flag) (2022)

Exports from United States (Flag) to China (Flag) (2022)

Market Competitiveness

Color
China
Top DestinationUnited States$551B
United States
Top DestinationCanada$308B

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 2022, countries that imported more from China than United States included Hong Kong ($276B), Vietnam ($138B), and Japan ($178B).

In 2022, countries that imported more from United States than China included Canada ($308B), Mexico ($294B), and Switzerland ($37.7B).

Difference in imports from United States (Flag) and China (Flag) (2022)

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 2022, China had a large net trade with United States in the exports of Machines ($254B), Miscellaneous ($74.7B), and Textiles ($42.5B).

During 2017, United States had a large net trade with China in the exports of Machines ($30.7B), Vegetable Products ($27.4B), and Chemical Products ($20.3B).

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) (2022)

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