Overview In August 2022, United States exported $12.9B and imported $50.3B from China, resulting in a negative trade balance of $37.4B. Between August 2021 and August 2022 the exports of United States have increased by $1.65B (14.6%) from $11.3B to $12.9B, while imports increased by $7.35B (17.1%) from $43B to $50.3B.
Trade In August 2022, the top exports of United States to China were Soybeans ($799M), Integrated Circuits ($768M), Vaccines, blood, antisera, toxins and cultures ($764M), Crude Petroleum ($725M), and Petroleum Gas ($510M). In August 2022 the top imports of United States from China were Computers ($5.25B), Telephones ($3.76B), Other toys ($1.95B), Packaged Medicaments ($1.57B), and Party Decorations ($1.29B).
Origins In August 2022 the exports of United States were mainly from Texas ($2.23B), California ($1.57B), Louisiana ($1.02B), Washington ($890M), and North Carolina ($754M), while imports destinations were mainly California ($13.4B), Illinois ($4.81B), Texas ($3.64B), Tennessee ($3.26B), and Georgia ($2.56B).
Growth In August 2022, the increase in United States's year-by-year exports to China was explained primarily by an increase in product exports in Soybeans ($1.81B or 249%), Petroleum Gas ($419M or 659k%), and Vaccines, blood, antisera, toxins and cultures ($363M or 783%). In August 2022, the increase in United States's year-by-year imports from China was explained primarily by an increase in product imports in Computers ($2.18B or 85.7%), Telephones ($1.06B or 27.2%), and Video and Card Games ($535M or 355%).