Overview In February 2023, United States exported $11.6B and imported $30.6B from China, resulting in a negative trade balance of $19B. Between February 2022 and February 2023 the exports of United States have increased by $24.7M (0.21%) from $11.6B to $11.6B, while imports decreased by $-11.6B (-27.5%) from $42.3B to $30.6B.
Trade In February 2023, 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 February 2023 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 February 2023 the exports of United States were mainly from Texas ($1.65B), Louisiana ($1.47B), California ($1.28B), Washington ($949M), and Illinois ($520M), while imports destinations were mainly California ($7.75B), Illinois ($3.02B), Texas ($2.59B), Tennessee ($1.66B), and Georgia ($1.62B).
Growth In February 2023, 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 ($95.7M or 122%). In February 2023, the decrease in United States's year-by-year imports from China was explained primarily by an decrease in product imports in Other Plastic Products ($-292M or -31.3%), Computers ($-161M or -3.42%), and Felt or Coated Fabric Garments ($-104M or -59.2%).