U.S.

- China Trading

U.S. - China Trade Facts

 In 2018, U.S. the trades of good and services with China totaled an estimated
$737.1 billion. Exports were $179.3 billion; imports were $557.9 billion.

 In 2018, China was currently the US largest goods trading partner with $659.8
billion in total in two way goods trade. Goods exports totaled $120.3 billion;
goods imports totaled $539.5 billion.

 In 2018, trade in services with China totaled an estimated $77.3 billion. Services
exports were $58.9 billion; services imports were $18.4 billion. The U.S. services
trade surplus with China was $40.5 billion in 2018.

 According to the Department of Commerce, U.S. exports of Goods and Services

to China supported an estimated 911,000 jobs in 2015 (601,000 supported by
goods exports and 309,000 supported by services exports).
 Imports
 


China was the United States' largest supplier of goods imports in 2018., that is why U.S. goods
imports from China totaled $539.5 billion in 2018, up 6.7% ($34.0 billion) from 2017, and up 59.7%
from 2008. U.S. imports from are up 427% from 2001 (pre-WTO accession). U.S. imports from
China account for 21.2% of overall U.S. imports in 2018.
 
 The top import categories (2-digit HS) in 2018 were: electrical machinery ($152 billion),
machinery ($117 billion), furniture and bedding ($35 billion), toys and sports equipment ($27
billion), and plastics ($19 billion).
 
 U.S. total imports of agricultural products from China totaled $4.9 billion in 2018, our 3rd largest
supplier of agricultural imports. Leading categories include: processed fruit & vegetables ($1.2
billion), fruit & vegetable juices ($393 million), snack foods ($222 million), spices ($167 million),
and fresh vegetables ($160 million).

 
 U.S. imports of services from China were an estimated $18.4 billion in 2018, 5.5% ($963 million)
more than 2017, and 68.3% greater than 2008 levels. It was up roughly 414% from 2001 (pre-WTO
accession). Leading services imports from China to the U.S. were in the transport, travel, and
research and development sectors.
 Exports

China was the United States' 3rd largest goods export market in 2018 which why U.S. goods
exports to China in 2018 were $120.3 billion, down 7.4% ($9.6 billion) from 2017 but up 72.6%
from 2008. U.S. exports to China are up 527% from 2001 (pre-WTO accession). U.S. exports to
China account for 7.2% of overall U.S. exports in 2018.
 
The top export categories (2-digit HS) in 2018 were: aircraft ($18 billion), machinery ($14 billion),
electrical machinery ($13 billion), optical and medical instruments ($9.8 billion), and vehicles
($9.4 billion).

U.S. total exports of agricultural products to China totaled $9.3 billion in 2018, our 4th largest
agricultural export market. Leading domestic export categories include: soybeans ($3.1 billion),
cotton ($924 million), hides & skins ($607 million), pork & pork products ($571 million)-
 
U.S. exports of services to China were an estimated $58.9 billion in 2018, 2.2% ($1.3 billion) more
than 2017, and 272% greater than 2008 levels. It was up roughly 997% from 2001 (pre-WTO
accession). Leading services exports from the U.S. to China were in the travel, intellectual
property (trademark, computer software), and transport sectors.
 Investment

U.S. foreign direct investment (FDI) in China (stock) was $107.6
billion in 2017, a 10.6% increase from 2016. U.S. direct investment in
China is led by manufacturing, wholesale trade, and finance and
insurance.

China's FDI in the United States (stock) was $39.5 billion in 2017,
down 2.3% from 2016. China's direct investment in the U.S. is led
by manufacturing, real estate, and depository institutions.
 
Sales of services in China by majority U.S.-owned affiliates were
$55.1 billion in 2016 (latest data available), while sales of services in
the United States by majority China-owned firms were $8.3 billion.
 Trade Balance

 The U.S. goods trade deficit with China was $419.2
billion in 2018, a 11.6% increase ($43.6 billion) over
2017.
 
 The United States has a services trade surplus of an
estimated $41 billion with China in 2018, up 0.8%
from 2017.
 US trade in goods with China
Total exports in USD Total imports in USD
Year
Million million
2000 16185,2 100018,2
US trade in goods with China


2001 19182,3 102278,4
600000
2002 22127,7 125192,6
2003 28367,9 152436,1
2004 34427,8 196682 500000
2005 41192 243470,1
2006 53673 287774,4 400000
2007 62936,9 321442,9
2008 69732,8 337772,6 Total Exports

Million USD
300000 Total Imports
2009 69496,7 296373,9
2010 91911,1 364952,6
2011 104121,5 399371,2 200000
2012 110516,6 425619,1
2013 121746,2 440430 100000
2014 123567,2 468474,9
2015 115873,4 483201,7
0
2016 115594,8 462.240 0
00 03 06 09 12 15 18
2017 129797,6 505220,2 2 20 20 20 20 20 20

2018 120148,1 539675,6

2019 106626,8 452243,4
2020 14030,3 56093,6

 TOP 5 IMPORTS FROM CHINA TO
THE U.S.

NET % OF TOTAL
ITEM DESCRIPTION
WORTH IMPORTS
Telephones for cellular
1 networks or for other $43.67 B 9.80
wireless networks.
Automatic data processing
2 $37.24 B 8.40
machines.
Tricycles, scooters and
3 similar wheeled toys and $12.32 B 2.80
other toys.
4 Communication apparatus. $11.25 B 2.50
5 Games; articles for funfair. $5.35 B 1.20
 TOP 5 EXPORTS FROM THE U.S. TO
CHINA

NET % OF TOTAL
ITEM DESCRIPTION
WORTH EXPORTS
1 Airplanes and other aircraft. $13.13 B 9.90
2 Soya beans. $12.46 B 9.40
Vehicles with only spark-
ignition internal
3 $7.89 B 6.00
combustion reciprocating
piston engine.
Electronic integrated
4 circuits; Processors and $4.95 B 3.70
controllers.
5 Oils. $3.97 B 3.00
 CONCLUTION

 Trade between China and US have helped each other to
improve the economy of their countries for more than 20 years.

 U.S. foreign direct investment (FDI) in China (stock) was a

10.6% increase from 2016. U.S.

 China's FDI in the United States (stock) was down 2.3% from
2016.

 U.S. exports of Goods and Services to China supported an

estimated 911,000 jobs in 2015.
