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2023
Flag → Flag
Exports $154BRnk 3 / 220
2023
Flag → Flag
Top Product $15.2BSoybeans
2023
Flag → Flag
Exports $436BRnk 1 / 208
2023
Flag → Flag
Top Product $54.5BBroadcasting Equipment
2023
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Economic Complexity (ECI) ECI 1.5Rnk 10 / 132
2023
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Economic Complexity (ECI) ECI 1.16Rnk 21 / 132
2023
Flag  
GDP$27.7TCURRENT US$
Rnk 1 / 195
2013-2023
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GDP GROWTH64.2%CURRENT US$
Rnk 44 / 195
2023
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 GDP$17.8TCURRENT US$
Rnk 2 / 195
2013-2023
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GDP GROWTH85.9%CURRENT US$
Rnk 22 / 195
2023
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GDP PC $82,769CURRENT US$
Rnk 9 / 195
2013-2023
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GDP PC GROWTH55%CURRENT US$
Rnk 40 / 195
2023
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GDP PC$12,614CURRENT US$
Rnk 80 / 196
2013-2023
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GDP PC GROWTH79.7%CURRENT US$
Rnk 17 / 195

About

United States-China Trade: In 2023, United States exported $154B to China. The main products that United States exported to China were Soybeans ($15.2B), Crude Petroleum ($10.7B), and Petroleum Gas ($10.3B). Over the past 5 years the exports of United States to China have increased at an annualized rate of 2.3%, from $137B in 2018 to $154B in 2023.

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 2023, China exported $436B to United States. The main products that China exported to United States were Broadcasting Equipment ($54.5B), Computers ($37.9B), and Office Machine Parts ($14.3B). Over the past 5 years the exports of China to United States have decreased at an annualized rate of 4.43%,  from $547B in 2018 to $436B in 2023.

In 2023, China did not export any services to United States.

Comparison: In 2023,  United States ranked 10 in the Economic Complexity Index (ECI 1.5), and 2 in total exports ($1.86T). That same year, China ranked 21 in the Economic Complexity Index (ECI 1.16), and 1 in total exports ($3.42T).

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

November, 2024

About

Overview In November 2024, United States exported $12.8B and imported $37.8B from China, resulting in a negative trade balance of $25B. Between November 2023 and November 2024 the exports of United States have decreased by $-1.13B (-8.1%) from $13.9B to $12.8B, while imports increased by $2.28B (6.42%) from $35.5B to $37.8B.

Trade In November 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 November 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 November 2024 the exports of United States were mainly from Texas ($1.76B), Louisiana ($1.42B), California ($1.4B), Washington ($1.25B), and Illinois ($793M), while imports destinations were mainly California ($10.8B), Illinois ($4.67B), Texas ($2.99B), New York ($1.61B), and Pennsylvania ($1.46B).

Growth In November 2024, the decrease in United States's year-by-year exports to China was explained primarily by an decrease in product exports in Integrated Circuits ($-402M or -46.1%), Machines and apparatus of a kind... ($-226M or -47.5%), and Raw Cotton ($-196M or -69.6%). In November 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 (November 2023 - November 2024)$-1.13B(-8.1%)
IMPORT GROWTH (November 2023 - November 2024)$2.28B(6.42%)
MAIN EXPORTER (November 2024)Texas$1.76B

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 2023, United States exported $154B to China. The main products exported from United States to China were Soybeans ($15.2B), Crude Petroleum ($10.7B), and Petroleum Gas ($10.3B). During the last 5 years the exports of United States to China have increased at an annualized rate of 2.3%, from $137B in 2018 to $154B in 2023.

In 2018, China exported $436B to United States. The main products exported from China to United States were Broadcasting Equipment ($54.5B), Computers ($37.9B), and Office Machine Parts ($14.3B). During the last 5 years the exports of China to United States have decreased at an annualized rate of 4.43%, from $547B in 2023 to $436B in 2018.

Exports from United States (Flag) to China (Flag) (2023)

Exports from China (Flag) to United States (Flag) (2023)

Market Competitiveness

Color
United States
Top DestinationCanada$269B
China
Top DestinationUnited States$436B

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 2023, countries that imported more from United States than China included Canada ($269B), Mexico ($243B), and Ireland ($24.1B).

In 2023, countries that imported more from China than United States included Hong Kong ($259B), Vietnam ($135B), and Russia ($110B).

Difference in imports from China (Flag) and United States (Flag) (2023)

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 2023, United States had a large net trade with China in the exports of Machines ($29.7B), Mineral Products ($25.2B), and Vegetable Products ($20.6B).

During 2018, China had a large net trade with United States in the exports of Machines ($208B), Miscellaneous ($57.6B), and Textiles ($36.1B).

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) (2023)

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