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.

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.

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)

This data package includes the underlying data and files to replicate the calculations, charts, and tables presented in US-China Trade War: Both Countries Lose, World Markets Adjust, Others Gain, PIIE Policy Brief 19-17. If you use the data, please cite as: Robinson, Sherman, and Karen Thierfelder. (2019). US-China Trade War: Both Countries Lose, World Markets Adjust, Others Gain. PIIE Policy Brief 19-17. Peterson Institute for International Economics.

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.

China Trade Balance: Year to Date data was reported at 272.967 USD bn in Mar 2025. This records an increase from the previous number of 170.325 USD bn for Feb 2025. China Trade Balance: Year to Date data is updated monthly, averaging 96.957 USD bn from Jan 2000 (Median) to Mar 2025, with 303 observations. The data reached an all-time high of 991.901 USD bn in Dec 2024 and a record low of -11.030 USD bn in Apr 2004. China Trade Balance: Year to Date 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: Value.

China Term of Trade: Goods and Services data was reported at 0.841 Ratio in 2026. This records an increase from the previous number of 0.839 Ratio for 2025. China Term of Trade: Goods and Services data is updated yearly, averaging 0.903 Ratio from Dec 1982 (Median) to 2026, with 45 observations. The data reached an all-time high of 1.107 Ratio in 1997 and a record low of 0.790 Ratio in 1984. China Term of Trade: Goods and Services data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s China – Table CN.OECD.EO: Exports and Imports Price Index: Forecast: Non OECD Member: Annual. TTRADE - Terms of trade, goods and services

China Share in World Trade: Country's Trade: expressed in USD Volume data was reported at 0.126 % in 2026. This records an increase from the previous number of 0.124 % for 2025. China Share in World Trade: Country's Trade: expressed in USD Volume data is updated yearly, averaging 0.057 % from Dec 1982 (Median) to 2026, with 45 observations. The data reached an all-time high of 0.126 % in 2026 and a record low of 0.009 % in 1982. China Share in World Trade: Country's Trade: expressed in USD Volume data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s China – Table CN.OECD.EO: Trade Statistics: Share in World Trade and Performance Indicators: Forecast: Non OECD Member: Annual. SHTGSVD - Share of country's trade, volume (in USD at OECD reference year prices) in world trade OECD calculation, see OECD Economic Outlook database documentation

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.

Terms of Trade in China increased to 101.20 points in June from 99.50 points in May of 2025. This dataset provides - China Terms Of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news.

In 2024, China exported approximately 3.58 trillion U.S. dollars worth of goods. This indicated an increase in export value of about 5.9 percent compared to the previous year. Export of goods from ChinaChina’s exports have been growing steadily over the past decade, with the exception of 2009 when financial crisis and global economic downturn slowed down global trade and 2016 witnessing another decrease in global demand. Apart from being the most populous country, China has also become the largest manufacturing economy and the largest exporter in the world. ASEAN, European Union, and United States were China's leading export partners in 2023. Machinery such as computers, broadcasting technology, and telephones as well as transport equipment make up the largest part of Chinese exports. This category amounted to approximately 1.65 trillion U.S. dollars in export value in 2023. When it comes to primary goods, food and live animals used for food are the main export products.

In 2024, the trade value between China and all countries participating in the Belt and Road Initiative (BRI) reached ***** trillion yuan. The trade volume increased by *** percent compared to the previous year. Figures for years before 2023 were calculated according to a different methodology, which used a less broad definition of BRI countries (see details section).

The US-China trade war created net export opportunities rather than simply shifting trade across destinations. Many “bystander” countries grew their exports of taxed products into the rest of the world (excluding US and China). Country-specific components of tariff elasticities, rather than specialization patterns, drove large cross-country variation in export growth of tariff-exposed products. The elasticities of exports to US-China tariffs identify whether a country’s exports complement or substitute US or China and its supply curve’s slope. Countries that operate along downward-sloping supplies whose exports substitute (complement) US and China are among the larger (smaller) beneficiaries of the trade war.

Key information about Hong Kong SAR (China)'s Trade Balance

• Hong Kong SAR (China)'s Trade Balance recorded a surplus of 266.9 USD mn in Jan 2025, compared with a deficit of 4.4 USD bn in the previous month
• Hong Kong SAR (China)'s Trade Balance data is updated monthly, available from Jan 1957 to Jan 2025, with an averaged value of -227.2 USD mn
• The data reached an all-time high of 931.9 USD mn in Jan 2009 and a record low of -8.7 USD bn in Jun 2022

• In the latest reports, Hong Kong SAR (China)'s Total Exports reached 50.0 USD bn in Jan 2025, an increase of 0.5% YoY (year-on-year)
• Total Imports recorded 49.7 USD bn in Jan 2025, an increase of 0.5% YoY (year-on-year)

This statistic shows the results of a survey conducted among American companies in China on the perceived impact on their businesses of the U.S.-China trade tariffs as of September 2018. During the survey period, **** percent of the surveyed American companies in China responded that the combined U.S.-China trade tariffs increased their cost of manufacturing.

Figure 3 depicts China-Africa trade from 2000 to 2013. It shows that China-Africa trade consistently grew since the formation of the FOCAC in 2000. As can be seen in the figure, the US trade with Africa declined after the 2008 global financial crisis, allowing China to take the lead as Africa's largest trading partner. Figure 7 shows trade between China and Africa from 2003 to 2021. Although with fluctuations, trade between the two sides has been increasing since the establishment of the FOCAC mechanism. It reached a first high of US$203 billion in 2015 and then declined significantly the following year. However, the trade increased again from 2017 and surged to US$254 billion in 2021, up by 35% from the previous year. The high trade volume in 2021 has been attributed to the additional Chinese exports of Personal Protective Equipment (PPEs), such as masks and hazmat suits, as well as pharmaceutical products and testing equipment for the COVID-19 pandemic to Africa. However, Gu et al (2022: 11) indicated that the strong increase in China-Africa trade volume in 2021 is remarkable as data from China's customs agency shows that it is "made up of an increase in both Chinese exports to Africa (29.9% year-on-year) and African exports to China (43.7% year-on-year)". Figure 4 shows the number of countries around the world that have joined China's Belt and Road Initiatiative (BRI). As can be seen in the figure, China's BRI has attracted more than 140 countries. In Africa, the first countries that signed up for the BRI project were East and North African countries such as Kenya, Djibouti, Tanzania and Egypt. In Figure 5, the map shows the number of African countries that have signed up for the BRI since 2015. As can be seen in the figure, 52 countries in Africa had signed some BRI-related Memorandum of Understanding (MoU) with China by 2022.

Table 1 shows that studies that analysed the China-Africa relationship focusing on their 'strategic partnership' are very few, given the voluminous literature on China and Africa. A search of Sino-Africa studies conducted in English with the term 'strategic partnership' in their titles produced only ten papers (see table). Furthermore, as the table shows, studies investigating the increased security cooperation in China-Africa relations conducted in English are rare, although this part of the debate has also produced numerous research publications. The column titled 'Focus of study' in Table 1 above shows that majority of these studies concentrated on analysing economic cooperation, while a few also included political relations between China and Africa. Also, the column titled 'Definition of strategic partnership' shows that, all these studies, except Akpan and Onya (2018), made no attempts to define the concept of strategic partnership. Figure 8 shows the countries around the world in which the United Nations (UN) has deployed its peacekeepers. As shown in the figure, the UN has deployed several peacekeeping missions around the world since the late 1940s, with most of these operations taking place in the African continent. Figure 9 focuses on the UN’s peacekeeping operations in Africa. As can be seen in the figure, Chinese peacekeeping troops were deployed in five out of the seven UN-led missions on the African continent as of 2019. Figure 12 shows the foreign military bases that currently exist in African countries. As the figure shows, the African Continent is a host to 47 known foreign military bases, of which 34 are United States (US) bases. Figure 13 shows the foreign military bases in Djibouti. As seen in the figure, Djibouti hosts the US' Camp Lemonnier military base, just 13.4 kilometres away from the Chinese PLA's new navy facility, along with military bases of other major powers such as France, Germany and Japan in close proximity. Djibouti thus found itself in the middle of diplomatic tensions between China and the US over fears of a Chinese takeover of the Doraleh Container Terminal, Djibouti's main container port, in 2018, as China financed the development of the port. Figure 6 shows China's Forum on China-Africa Cooperation (FOCAC) commitments from 2006 to 2021. As can be seen in the figure, China's financial pledges to assist Africa increased from US$5 billion to US$60 in 2015. However, they dropped to US$40 billion in 2021. Further, drops in the number of activities, such as official development assistance (ODAs) and capacity building, including reductions in security collaborations, were also noted. However, a new development was China's reallocation of US$10 billion of its Special Drawing Rights (SDRs) towards Africa from the US$40 billion that it received from the International Monetary Fund (IMF).

China exports for 2023 were 3.513 trillion US dollars, a 5.5% decline from 2022.

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

<li>China exports for 2022 were <strong>3.718 trillion US dollars</strong>, a <strong>4.61% increase</strong> from 2021.</li>
<li>China exports for 2021 were <strong>3.554 trillion US dollars</strong>, a <strong>30.19% increase</strong> from 2020.</li>
<li>China exports for 2020 were <strong>2.730 trillion US dollars</strong>, a <strong>3.84% increase</strong> from 2019.</li>
</ul>Exports of goods and services represent the value of all goods and other market services provided to the rest of the world. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services. They exclude compensation of employees and investment income (formerly called factor services) and transfer payments. 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.

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.