China recorded a trade surplus of 104.84 USD Billion in December of 2024. This dataset provides - China Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news.

In 2023, Chinese exports of trade goods to the United States amounted to about 427.23 billion U.S. dollars; a significant increase from 1985 levels, when imports from China amounted to about 3.86 billion U.S. dollars. U.S. exports to China Compared to U.S. imports from China, the value of U.S. exports to China in 2020 amounted to 427.23billion U.S. dollars. China is the United States’ largest trading partner, while China was the United States third largest goods export market. Some of the leading exports to China in the agricultural sector included soybeans, cotton, and pork products. Texas was the leading state that exported to China in 2020 based on total value of goods exports, at 16.9 billion U.S. dollars. U.S. - China trade war The trade war between the United States and China is an economic conflict between two of the world’s largest national economies. It started in 2018 when U.S. President Donald Trump started putting tariffs and trade barriers on China, with the intent to get China to conform to Trump’s wishes. President Trump claimed that China has unfair trade businesses. As a result of this trade war, it has caused a lot of tension between the U.S. and China. Nearly half of American companies impacted by the U.S.-China trade tariffs said that the trade war increased their cost of manufacturing. The healthcare product industry has suffered the most from the trade war in regards to reduced profits.

This data package includes the underlying data and files to replicate the calculations, charts, and tables presented in The US–China trade war and phase one agreement, PIIE Working Paper 21-2.

If you use the data, please cite as: Bown, Chad P. (2021). The US–China trade war and phase one agreement. PIIE Working Paper 21-2. Peterson Institute for International Economics.

United States Exports to China was US$143.55 Billion during 2024, according to the United Nations COMTRADE database on international trade. United States Exports to China - data, historical chart and statistics - was last updated on March of 2025.

This data package includes the underlying data and files to replicate the calculations, charts, and tables presented in How the United States marched the semiconductor industry into its trade war with China, PIIE Working Paper 20-16.

If you use the data, please cite as: Bown, Chad P. (2020). How the United States marched the semiconductor industry into its trade war with China. PIIE Working Paper 20-16. Peterson Institute for International Economics.

Imports in the United States increased to 401.20 USD Billion in January from 364.58 USD Billion in December of 2024. This dataset provides the latest reported value for - United States Imports - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

United States Imports: 5-Digit: Photo and Service Industry Mac & Trade Tool data was reported at 9.552 USD bn in 2017. This records an increase from the previous number of 8.595 USD bn for 2016. United States Imports: 5-Digit: Photo and Service Industry Mac & Trade Tool data is updated yearly, averaging 4.397 USD bn from Dec 1998 (Median) to 2017, with 20 observations. The data reached an all-time high of 9.552 USD bn in 2017 and a record low of 751.745 USD mn in 1998. United States Imports: 5-Digit: Photo and Service Industry Mac & Trade Tool data remains active status in CEIC and is reported by US Census Bureau. The data is categorized under Global Database’s USA – Table US.JA080: Trade Statistics: China: Imports: Customs: End Use.

United States Exports: 5-Digit: Agric. Industry: Unmanufactured data was reported at 186.042 USD mn in 2017. This records a decrease from the previous number of 563.368 USD mn for 2016. United States Exports: 5-Digit: Agric. Industry: Unmanufactured data is updated yearly, averaging 93.362 USD mn from Dec 1998 (Median) to 2017, with 20 observations. The data reached an all-time high of 1.754 USD bn in 2015 and a record low of 16.190 USD mn in 2001. United States Exports: 5-Digit: Agric. Industry: Unmanufactured data remains active status in CEIC and is reported by US Census Bureau. The data is categorized under Global Database’s United States – Table US.JA078: Trade Statistics: China: Exports: FAS: End Use.

United States Exports: 5-Digit: Photo, Service Industry Machinery data was reported at 473.213 USD mn in 2017. This records an increase from the previous number of 437.342 USD mn for 2016. United States Exports: 5-Digit: Photo, Service Industry Machinery data is updated yearly, averaging 314.232 USD mn from Dec 1998 (Median) to 2017, with 20 observations. The data reached an all-time high of 489.633 USD mn in 2015 and a record low of 80.511 USD mn in 1998. United States Exports: 5-Digit: Photo, Service Industry Machinery data remains active status in CEIC and is reported by US Census Bureau. The data is categorized under Global Database’s USA – Table US.JA078: Trade Statistics: China: Exports: FAS: End Use.

Imports in China increased to 369.43 USD Billion in February from 230.79 USD Billion in December of 2024. This dataset provides - China Imports - actual values, historical data, forecast, chart, statistics, economic calendar and news.

China Import hs: USA: Chemical or Allied Industry Product data was reported at 1.348 USD bn in Oct 2018. This records a decrease from the previous number of 1.535 USD bn for Sep 2018. China Import hs: USA: Chemical or Allied Industry Product data is updated monthly, averaging 488.928 USD mn from Jan 1993 (Median) to Oct 2018, with 310 observations. The data reached an all-time high of 1.595 USD bn in Jan 2018 and a record low of 23.660 USD mn in Jan 1993. China Import hs: USA: Chemical or Allied Industry Product data remains active status in CEIC and is reported by General Administration of Customs. The data is categorized under Global Database’s China – Table CN.JA: USD: Trade by HS Classification: North America: United States.

This page displays a table with China Exports By Category in U.S. dollars, according to the United Nations COMTRADE database on international trade.

An increase in a currency internationalization levels can positively impact its credibility in international economic activities, and expand the effective demand and optimize the supply structure for the country’s financial service trade. In this way, a state can improve its financial service trade competitiveness in the international market. This study builds a vector autoregressive model based on time-series data of China-US financial services trade from 2010 to 2021, analyzes the impact of different quantitative indicators of RMB internationalization on this trade from the impulse response results, and validates the conclusions using various inspection methods. The results show that the increase in RMB internationalization helps to narrow the China-US financial services trade balance, but with a significant lag. And this effect is heterogeneous in different dimensions, demonstrated by the fact that the development of overseas RMB securities business is more important for the level of RMB internationalization to narrow the China-US financial services trade balance. Finally, among the specific measures to improve its financial services trade, China should focus on developing the international competitiveness of the traditional RMB deposit and loan financial sector, while the competition in the overseas market for high value-added financial businesses must also not be neglected. Furthermore, China needs to implement more targeted RMB internationalization development policies at different levels in the future to provide high-quality financial services to the rest of the world and aid in the economic recovery of the world in the "post-pandemic" era.

This page displays a table with China Imports By Country in U.S. dollars, according to the United Nations COMTRADE database on international trade.

China Export: Steel Product: Latin America: Honduras data was reported at 2,317.847 USD th in Mar 2018. This records a decrease from the previous number of 7,117.807 USD th for Feb 2018. China Export: Steel Product: Latin America: Honduras data is updated monthly, averaging 4,289.240 USD th from Jan 2008 (Median) to Mar 2018, with 123 observations. The data reached an all-time high of 25,979.818 USD th in May 2017 and a record low of 92.466 USD th in Feb 2009. China Export: Steel Product: Latin America: Honduras data remains active status in CEIC and is reported by General Administration of Customs. The data is categorized under China Premium Database’s International Trade – Table CN.JL: Export by Country: Steel Product: Value.

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Foreign Exchange Market Size 2025-2029

The foreign exchange market size is forecast to increase by USD 582 billion at a CAGR of 10.6% between 2024 and 2029.

The market continues to evolve, driven by several key trends and challenges. One significant trend is the increasing use of money transfer agencies, venture capital investments, and mutual funds in foreign exchange transactions. The Internet of Things (IoT) and artificial intelligence (AI) revolutionize banking and financial services, enabling real-time personal finance software and content delivery for travelers and businesses. The uncertainty of future exchange rates fuels the demand for 24x7 trading opportunities. As urbanization progresses and digitalization becomes more prevalent, the market is expected to grow, offering numerous opportunities for businesses and investors.

What will be the Size of the Foreign Exchange Market During the Forecast Period?

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The market, also known as the forex or FX market, is a decentralized global market for the trading of currencies. It facilitates the conversion of one currency into another for various reasons, including international trade, tourism, hedging, speculation, and investment. Participants in this market include financial institutions, non-financial customers, individuals, retailers, corporate institutes, and central banks. Currencies are traded 24 hours a day, five days a week, due to the presence of multiple time zones and the interbank network.
Currency swaps, interest rate differentials, monetary interventions, economic indicators, political developments, and investment flows are some of the key drivers influencing the market. International trade, balance of payments, and economic instability in various countries also significantly impact currency values. Speculation and hedging activities, particularly by corporations and financial institutions, contribute to the volatility of currency rates. The market is increasingly leveraging artificial intelligence and Internet of Things technologies to optimize trading strategies, with mutual funds utilizing these advancements to enhance portfolio performance and manage currency risk more efficiently. The forex market plays a crucial role in facilitating international business transactions and managing risks associated with currency fluctuations.

How is this Foreign Exchange Industry segmented and which is the largest segment?

The industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.TypeReporting dealersFinancial institutionsNon-financial customersTrade Finance InstrumentsCurrency swapsOutright forward and FX swapsFX optionsCounterpartyReporting DealersOther Financial InstitutionsNon-Financial CustomersGeographyNorth AmericaCanadaUSEuropeGermanyUKAPACChinaIndiaJapanSouth AmericaBrazilMiddle East and Africa

By Type Insights

The reporting dealers segment is estimated to witness significant growth during the forecast period. The market, also known as Forex or FX, is a global financial market where participants buy, sell, and exchange currencies. This market involves various market participants, including financial institutions, non-financial customers, and corporations. Currency swaps, individuals, retailers, corporates, hedge funds, wealth managers, and foreign exchange services are among the key players. The markets facilitate international trade and investment flows, with economic indicators, political developments, inflationary pressures, and interest rate differentials influencing currency values. Monetary interventions, speculation, and risk appetite are also significant factors.
Modern technology and electronic platforms have increased efficiency and accessibility, enabling 24-hour operation. Currency exchange services, monetary policies, and regulations, including those by central banks, impact the market. Economic events, financial crises, and strategic corporate activities can cause volatility. Hedging strategies, accessible platforms, and personal finance considerations are essential for individual investors, small businesses, and multinational corporations dealing with major currency pairs. Online trading platforms and trade balances are crucial for managing currency risks in an increasingly globalized business environment.

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The Reporting dealers segment was valued at USD 278.60 billion in 2019 and showed a gradual increase during the forecast period.

Currency pairs are the foundation of forex trading, with spot trading being one of the most common methods of buying and selling currencies. Forward contracts and swap deals offer traders the ability to lock in exchange rates for future transactions, managing ris

The main stock market index in China (SHANGHAI) increased 22 points or 0.66% since the beginning of 2025, according to trading on a contract for difference (CFD) that tracks this benchmark index from China. China Shanghai Composite Stock Market Index - values, historical data, forecasts and news - updated on March of 2025.

This page displays a table with United States Imports By Country in U.S. dollars, according to the United Nations COMTRADE database on international trade.

United States Imports from China of Air Conditioning Machines was US$3.06 Billion during 2024, according to the United Nations COMTRADE database on international trade. United States Imports from China of Air Conditioning Machines - data, historical chart and statistics - was last updated on March of 2025.

This page displays a table with United States Exports By Country in U.S. dollars, according to the United Nations COMTRADE database on international trade.