Overview In December 2022, United States exported $13.8B and imported $37.3B from China, resulting in a negative trade balance of $23.5B. Between December 2021 and December 2022 the exports of United States have increased by $446M (3.34%) from $13.3B to $13.8B, while imports decreased by $-12.2B (-24.7%) from $49.5B to $37.3B.
Trade In December 2022, the top exports of United States to China were Soybeans ($1.98B), Integrated Circuits ($871M), Crude Petroleum ($536M), Aircraft Parts ($480M), and Machines and apparatus of a kind... ($475M). In December 2022 the top imports of United States from China were Telephones ($6.12B), Computers ($4.55B), Other toys ($1.42B), Seats ($990M), and Video Displays ($915M).
Origins In December 2022 the exports of United States were mainly from Louisiana ($2.03B), Washington ($1.68B), Texas ($1.64B), California ($1.38B), and Oregon ($461M), while imports destinations were mainly California ($9.89B), Illinois ($5.14B), Texas ($2.55B), Pennsylvania ($1.91B), and Tennessee ($1.82B).
Growth In December 2022, the increase in United States's year-by-year exports to China was explained primarily by an increase in product exports in Aircraft Parts ($155M or 47.6%), Corn ($117M or 45.3%), and Scrap Copper ($95.7M or 122%). In December 2022, the decrease in United States's year-by-year imports from China was explained primarily by an decrease in product imports in Other Plastic Products ($-292M or -31.3%), Computers ($-161M or -3.42%), and Felt or Coated Fabric Garments ($-104M or -59.2%).