According to a survey conducted among U.S. enterprises in China in November 2024, around ** percent of respondents reported that the U.S.-China trade tensions made them delay or cancel investment decisions in China. Around ** percent of companies stated that the trade tensions did not impact their business strategy.

In May 2025, the total value of the U.S. trade in goods with China exceeded 28 billion U.S. dollars. This comprises a 9.4 billion U.S. dollar export value and around 19 billion U.S. dollar import value.

In 2024, the total value of the U.S. trade in goods with China amounted to around *** billion U.S. dollars composed of a ****** billion U.S. dollars export value and a ****** billion U.S. dollars import value. This represented a negative trade balance of ***** billion U.S. dollars.

This data package includes the underlying data files to replicate the data and charts presented in Economic implications of revoking China's permanent normal trade relations (PNTR) status by Megan Hogan, Warwick J. McKibbin, and Marcus Noland, PIIE Policy Brief 24-9.

If you use the data, please cite as: Hogan, Megan, Warwick J. McKibbin, and Marcus Noland. 2024. Economic implications of revoking China's permanent normal trade relations (PNTR) status, PIIE Policy Brief 24-9. Washington, DC: Peterson Institute for International Economics.

United States Imports from China was US$462.62 Billion during 2024, according to the United Nations COMTRADE database on international trade. United States Imports from China - data, historical chart and statistics - was last updated on September of 2025.

China recorded a trade surplus of 98.24 USD Billion in July of 2025. This dataset provides - China Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news.

China Imports from United States was US$164.59 Billion during 2024, according to the United Nations COMTRADE database on international trade. China Imports from United States - data, historical chart and statistics - was last updated on September of 2025.

A 2024 survey of U.S. enterprises in China found that nearly half of the respondents wished to see more opening of the Chinese market as a result of future bilateral trade talks. Meanwhile, around ** percent of surveyed companies expected both countries to lower their tariff levels.

China's total Exports in 2024 were valued at US$3.58 Trillion, according to the United Nations COMTRADE database on international trade. China's main export partners were: the United States, Hong Kong and Vietnam. The top three export commodities were: Electrical, electronic equipment; Machinery, nuclear reactors, boilers and Vehicles other than railway, tramway. Total Imports were valued at US$2.59 Trillion. In 2024, China had a trade surplus of US$991.41 Billion.

China Imports from United States of Ties, bow ties & cravats, not knitted or crocheted was US$15.78 Thousand during 2024, according to the United Nations COMTRADE database on international trade. China Imports from United States of Ties, bow ties & cravats, not knitted or crocheted - data, historical chart and statistics - was last updated on July of 2025.

Americans' understanding of tariffs appears limited, with only 27 percent feeling very confident about their knowledge of the trade policy tool. This lack of awareness comes at a time when tariffs have become a significant topic in U.S. economic discussions, particularly in relation to international trade relations and domestic industry protection. Potential impact of proposed tariffs Despite the public's uncertainty, proposed tariffs could have far-reaching effects on the U.S. economy. If implemented, certain proposals could increase the average tariff rate on dutiable imports to nearly 18 percent, a substantial rise from the two percent rate in 2024. Such changes would not only affect dutiable goods but also impose taxes on previously duty-free imports, potentially leading to a sharp increase in the overall tariff burden. Estimates suggest that imposing tariffs on Mexico, Canada, and China could increase federal tax revenue by approximately 106 billion U.S. dollars, equivalent to 0.35 percent of the nation's GDP.

The United States recorded a trade deficit of 60.18 USD Billion in June of 2025. This dataset provides the latest reported value for - United States Balance of Trade - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

This statistic shows the United States goods trade deficit with China from 2014 to 2024. In 2024, the value of U.S. imports from China exceeded the exports to China by around ***** billion U.S. dollars.

United States Imports from China of Ties, bow ties & cravats, not knitted or crocheted was US$54.37 Million during 2024, according to the United Nations COMTRADE database on international trade. United States Imports from China of Ties, bow ties & cravats, not knitted or crocheted - data, historical chart and statistics - was last updated on July of 2025.

China Exports of ties, bow ties & cravats, not knitted or crocheted to United States was US$58.11 Million during 2024, according to the United Nations COMTRADE database on international trade. China Exports of ties, bow ties & cravats, not knitted or crocheted to United States - data, historical chart and statistics - was last updated on August of 2025.

Exports in China increased to 325.18 USD Billion in June from 316.10 USD Billion in May of 2025. This dataset provides - China Exports - actual values, historical data, forecast, chart, statistics, economic calendar and news.

United States Exports of ties, bow ties & cravats, not knitted or crocheted to China was US$1.54 Million during 2024, according to the United Nations COMTRADE database on international trade. United States Exports of ties, bow ties & cravats, not knitted or crocheted to China - data, historical chart and statistics - was last updated on September of 2025.

In 2024, Mexico was the top trading partner of the United States based on import value. In that year, U.S. imports from Mexico totaled to 505.85 billion U.S. dollars. China and Canada rounded out the top three as these countries continue to enjoy a close trading relationship under the United States-Mexico-Canada trade agreement. Germany and Japan were also high on the list, both providing the U.S. with over 140 billion dollars worth of imports in 2024.

As of 2024, the United States had a trade deficit of about *** billion U.S. dollars. The U.S. trade deficit has increased since 2009, peaking in 2022. Most recently, 2023 marked the year when the U.S. trade deficit decreased from the previous year. What is trade deficit? A trade deficit is, quite simply, the total value of a country’s imports of goods and services minus the total value of its exports of goods and services. When a country exports more than it imports, it has a trade surplus, and when it imports more than it exports, it has a trade deficit. A trade deficit can mean one of two things: Either the country is failing to produce enough goods for its citizens, or its citizens are wealthy enough to purchase more goods than the country produces (as is the case with the United States). Trading partners The United States’ top export partners are its closest neighbors, Canada and Mexico, due in part to the North American Free Trade Agreement (NAFTA), which, pending ratification, will be replaced by the United States-Mexico-Canada Agreement (USMCA). Regarding imports to the U.S., China takes the top spot, followed by Mexico and Canada.

In 2024, the total value of Chinese merchandise imports and exports amounted to about **** trillion yuan. This indicated approximately **** percent growth compared to the previous year. China’s international trade relations In 2012, China surpassed the United States to become to the world’s largest trading country in terms of exports and imports of goods. While the United States remained the largest import nation with an import value of around **** trillion U.S. dollars in 2023, China ranked first in global exports with an export value of some **** trillion U.S. dollars in 2023.According to the National Bureau of Statistics of China, in 2023, the United States was the second most significant export partner of China with a share in total exports of about **** percent. China is also one of the United States’ most potential markets for exports. As of 2024, exports from the United States to China had expanded more than ********** since China joined the World Trade Organization in 2001. The European Union was the third most important export partner of China as of 2024, after ASEAN and the United States. Exports to the EU are dominated by industrial and consumer goods such as machinery and equipment, as well as footwear and clothing. Chinese imports from the EU are mainly machinery and transport equipment, chemical products and miscellaneous manufactured articles. Hong Kong plays a unique role in intermediating and facilitating trade between China and the rest of the world. Mainland Chinese companies sell goods to Hong Kong which re-exports them at marked up prices. Majority of exports from Hong Kong are re-exports.