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2022
Flag → Flag
Exports $151BRnk 3 / 219
2022
Flag → Flag
Top Product $18BSoybeans
2022
Flag → Flag
Exports $551BRnk 1 / 211
2022
Flag → Flag
Top Product $59.3BBroadcasting Equipment
2022
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Economic Complexity (ECI) ECI 1.47Rnk 10 / 133
2022
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Economic Complexity (ECI) ECI 1.12Rnk 22 / 133
2022
Flag  
GDP$25.5TCURRENT US$
Rnk 1 / 186
2012-2022
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GDP GROWTH56.7%CURRENT US$
Rnk 45 / 186
2022
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 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 PC $76,399CURRENT US$
Rnk 8 / 186
2012-2022
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GDP PC GROWTH47.5%CURRENT US$
Rnk 39 / 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

About

United States-China Trade: In 2022, United States exported $151B 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 3.33%, from $128B in 2017 to $151B 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.

China-United States Trade: In 2022, China exported $551B 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 3.54%,  from $463B in 2017 to $551B in 2022.

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

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

Company data: In 2023, leading companies such as CrimsonLogic (98.6k), IKEA Group (48.7k), and Itourscm (19.1k) were at the forefront of exporting goods from China to the United States. Conversely, Other (119k), Jenny (79.2k), and Unknown (27k) were notable for importing products to China from the United States.

Latest Trends

August, 2024

About

Overview In August 2024, United States exported $12B and imported $39.9B from China, resulting in a negative trade balance of $27.9B. Between August 2023 and August 2024 the exports of United States have increased by $1.21B (11.2%) from $10.8B to $12B, while imports increased by $3.13B (8.51%) from $36.7B to $39.9B.

Trade In August 2024, the top exports of United States to China were Soybeans ($3.46B), Crude Petroleum ($676M), Petroleum Gas ($481M), Integrated Circuits ($469M), and Packaged Medicaments ($443M). In August 2024 the top imports of United States from China were Telephones ($5.95B), Computers ($3.17B), Electric Batteries ($1.64B), Other toys ($958M), and Video and Card Games ($914M).

Origins In August 2024 the exports of United States were mainly from Texas ($1.7B), California ($1.16B), North Carolina ($1.13B), Washington ($961M), and Oregon ($660M), while imports destinations were mainly California ($11.1B), Texas ($3.21B), Illinois ($3.03B), Tennessee ($1.91B), and New York ($1.7B).

Growth In August 2024, the increase in United States's year-by-year exports to China was explained primarily by an increase in product exports in Soybeans ($1.48B or 74.8%), Packaged Medicaments ($373M or 538%), and Petroleum Gas ($336M or 232%). In August 2024, the increase in United States's year-by-year imports  from China was explained primarily by an increase in product imports  in Electric Batteries ($965M or 144%), Video and Card Games ($246M or 36.8%), and Cars ($95.9M or 80.3%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)$1.21B(11.2%)
IMPORT GROWTH (August 2023 - August 2024)$3.13B(8.51%)
MAIN EXPORTER (August 2024)Texas$1.7B

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

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

For full datasets download visit Bulk Download page.

Explore China and United States Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, United States exported $151B 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 5 years the exports of United States to China have increased at an annualized rate of 3.33%, from $128B in 2017 to $151B in 2022.

In 2017, China exported $551B 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 3.54%, from $463B in 2022 to $551B in 2017.

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

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

Market Competitiveness

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

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

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

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

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

Comparative Advantage United States - China

Flow
Scale

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

During 2022, 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).

During 2017, China had a large net trade with United States in the exports of Machines ($254B), Miscellaneous ($74.7B), and Textiles ($42.5B).

Potential Exports

Potential Exports

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

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 United States and China. This means that a dot/product with the flag of United States indicates it has a comparative advantage over China. Similarly, a dot/product with the flag of China indicates it has a comparative advantage over United States.

Product Space of United States (Flag) and China (Flag) (2022)

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