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.

China recorded a trade surplus of 114.77 USD Billion in June of 2025. This dataset provides - China Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar 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.

In 2024, Chinese exports of trade goods to the United States amounted to about 438.95 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.

The United States recorded a trade deficit of 71.52 USD Billion in May 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.

China Export hs: USA: Article of Special Trade & Goods Unclassified data was reported at 152.977 USD mn in Oct 2018. This records an increase from the previous number of 101.186 USD mn for Sep 2018. China Export hs: USA: Article of Special Trade & Goods Unclassified data is updated monthly, averaging 1.071 USD mn from Jan 1993 (Median) to Oct 2018, with 310 observations. The data reached an all-time high of 155.602 USD mn in Dec 2017 and a record low of 0.000 USD mn in Dec 1999. China Export hs: USA: Article of Special Trade & Goods Unclassified 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.

In May 2025, the total value of the U.S. trade in goods with China amounted to more than 27 billion U.S. dollars. This comprises a 6.6 billion U.S. dollar export value and around 20.5 billion U.S. dollar import value.

CN: Export: YoY: ytd: North America: Other data was reported at 30.700 % in Mar 2025. This records an increase from the previous number of 21.000 % for Feb 2025. CN: Export: YoY: ytd: North America: Other data is updated monthly, averaging 25.050 % from May 2006 (Median) to Mar 2025, with 210 observations. The data reached an all-time high of 2,803.300 % in Jun 2012 and a record low of -100.000 % in Feb 2013. CN: Export: YoY: ytd: North America: Other 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.JA: USD: Trade by Country: ytd.

Key information about China's Trade Balance

• China's Trade Balance recorded a surplus of 104.8 USD bn in Dec 2024, compared with a surplus of 97.3 USD bn in the previous month
• China's Trade Balance data is updated monthly, available from Jan 1992 to Dec 2024, with an averaged value of 12.8 USD bn
• The data reached an all-time high of 104.8 USD bn in Dec 2024 and a record low of -62.0 USD bn in Feb 2020

• In the latest reports, China's Total Exports reached 335.6 USD bn in Dec 2024, an increase of 20.8% YoY (year-on-year)
• Total Imports recorded 230.8 USD bn in Dec 2024, an increase of 20.8% YoY (year-on-year)

Net trade in goods and services (BoP, current US$) in China was reported at 538958018244 USD in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. China - Net trade in goods and services (BoP, current US$) - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

China trade balance for 2023 was 386.04 billion US dollars, a 33.19% decline from 2022.

<ul style='margin-top:20px;'>

<li>China trade balance for 2022 was <strong>577.85 billion US dollars</strong>, a <strong>25.39% increase</strong> from 2021.</li>
<li>China trade balance for 2021 was <strong>460.83 billion US dollars</strong>, a <strong>29.76% increase</strong> from 2020.</li>
<li>China trade balance for 2020 was <strong>355.15 billion US dollars</strong>, a <strong>167.45% increase</strong> from 2019.</li>
</ul>External balance on goods and services (formerly resource balance) equals exports of goods and services minus imports of goods and services (previously nonfactor services). Data are in current U.S. dollars.

China Exports to United States was US$525.65 Billion during 2024, according to the United Nations COMTRADE database on international trade. China Exports to United States - data, historical chart and statistics - was last updated on July of 2025.

China Import: North America data was reported at 183.710 USD bn in 2018. This records an increase from the previous number of 174.502 USD bn for 2017. China Import: North America data is updated yearly, averaging 30.238 USD bn from Dec 1984 (Median) to 2018, with 35 observations. The data reached an all-time high of 184.308 USD bn in 2014 and a record low of 5.164 USD bn in 1984. China Import: North America 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: Trade: Annual.

In 2024, China's merchandise trade surplus amounted to around 992.2 billion U.S. dollars, significantly higher than in the previous year. The merchandise trade balance is the value of exported goods minus the value of imported goods. A positive value indicates a trade surplus, while a negative value indicates a trade deficit. Trade balance and partnersIn 2024, Chinese imports of goods amounted to approximately 2.59 trillion U.S. dollars, whereas total exports added up to about 3.58 trillion U.S. dollars. In contrast, China’s invisible trade balance, an indicator measuring services and government transfers between countries, closed with a deficit and ranged at about -92 billion U.S. dollars at the end of 2022. Being an economy heavily reliant on export, China ranked first among countries with the highest trade surplus, followed by Germany and Russia. The United States, with imports exceeding exports by approximately 1.15 trillion U.S. dollars that year, ranked first among leading import countries worldwide. In 2023, the value of the U.S. imports from China exceeded the exports to China by around 279.4 billion U.S. dollars. Another important trade partner for China is the European Union. In 2023, the EU imported around 514 billion euro-worth of goods from China, leading to a trade deficit of around 291 billion euros. Product categories with the highest trade deficit were mostly finished goods such as machinery and transport equipment, clothing, and other manufactures, whereas product categories with a more balanced trade sheet consisted of raw materials and agricultural products to a large extent.

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 Export: Latin America: Colombia data was reported at 1.379 USD bn in Mar 2025. This records an increase from the previous number of 934.187 USD mn for Feb 2025. China Export: Latin America: Colombia data is updated monthly, averaging 544.187 USD mn from Jan 2001 (Median) to Mar 2025, with 291 observations. The data reached an all-time high of 1.609 USD bn in Dec 2021 and a record low of 9.941 USD mn in Jan 2001. China Export: Latin America: Colombia 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.JA: USD: Trade by Country.

In May 2025, the trade surplus in China amounted to approximately ***** billion U.S. dollars. A positive value implies a trade surplus, a negative trade balance implies a trade deficit. International trade in China China surpassed the United States as the worlds’ largest goods trading economy in 2013. Despite the impacts of the global coronavirus pandemic, the total value of China’s imports and exports amounted to more than *** trillion U.S. dollars in 2024.China has become a vital trade partner for many economies. In 2024, over *** billion U.S. dollars worth of the United States’ imports originated in China, making China its second-largest import partner. A trade surplus occurs when exports of a country exceed its imports. It leads to a net inflow of domestic currency from foreign countries. The trade balance is a major growth factor for an economy. Because of running a large trade surplus, China holds a vast amount of foreign exchange reserves. Foreign exchange reserves may be viewed as a sign of national strength, but also represent a form of forced savings on the people. China was the country with the highest trade surplus of approximately ****** billion U.S. dollars as of 2023.

The USD/CNY exchange rate fell to 7.1806 on July 18, 2025, down 0.04% from the previous session. Over the past month, the Chinese Yuan has strengthened 0.08%, and is up by 1.42% over the last 12 months. Chinese Yuan - values, historical data, forecasts and news - updated on July of 2025.

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 July of 2025.

China Import hs: USA: Machinery & Mechanical Appliance; Electrical Eq; Part thereof; Sound Recorder & Reproducer, Television Image & Part & Accessory of such Article (ME) data was reported at 3.324 USD bn in Jun 2018. This records a decrease from the previous number of 3.350 USD bn for May 2018. China Import hs: USA: Machinery & Mechanical Appliance; Electrical Eq; Part thereof; Sound Recorder & Reproducer, Television Image & Part & Accessory of such Article (ME) data is updated monthly, averaging 1.429 USD bn from Jan 1993 (Median) to Jun 2018, with 306 observations. The data reached an all-time high of 4.779 USD bn in Mar 2013 and a record low of 79.350 USD mn in Jan 1993. China Import hs: USA: Machinery & Mechanical Appliance; Electrical Eq; Part thereof; Sound Recorder & Reproducer, Television Image & Part & Accessory of such Article (ME) 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: Trade by HS Classification: North America: USA.