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's total Imports in 2024 were valued at US$2.59 Trillion, according to the United Nations COMTRADE database on international trade. China's main import partners were: South Korea, the United States and Japan. The top three import commodities were: Electrical, electronic equipment; Mineral fuels, oils, distillation products and Ores slag and ash. Total Exports were valued at US$3.58 Trillion. In 2024, China had a trade surplus of US$991.41 Billion.

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.

Imports from China in the United States decreased to 31894.80 USD Million in February from 35793.58 USD Million in January of 2024. This dataset includes a chart with historical data for the United States Imports from China.

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.

In April 2025, the value of the U.S. imports from China amounted to approximately ***** billion U.S. dollars. In the first four months of 2025, imports from China to the U.S. totaled ****** billion U.S. dollars.

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.

Graph and download economic data for Import Price Index by Origin (NAICS): All Industries for China (CHNTOT) from Dec 2003 to May 2025 about imports, China, commodities, price index, indexes, price, and USA.

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.

On September 1, 2019, China imposed additional tariffs on ** billion U.S. dollars worth of the U.S. import goods. A trade war between the world's two largest economies was initiated by president Trump in mid-2018 and escalated further throughout 2019.

China Import: Latin America: Trinidad & Tobago data was reported at 133.838 USD mn in Mar 2025. This records a decrease from the previous number of 155.112 USD mn for Feb 2025. China Import: Latin America: Trinidad & Tobago data is updated monthly, averaging 3.172 USD mn from Jan 2001 (Median) to Mar 2025, with 291 observations. The data reached an all-time high of 204.329 USD mn in Jan 2025 and a record low of 0.000 USD mn in Jan 2009. China Import: Latin America: Trinidad & Tobago 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.

China recorded a trade surplus of 103.22 USD Billion in May of 2025. This dataset provides - China Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news.

United States Imports from China of Iron and steel was US$537.11 Million during 2024, according to the United Nations COMTRADE database on international trade. United States Imports from China of Iron and steel - data, historical chart and statistics - was last updated on July of 2025.

Key information about China Export to Import Ratio

• China Export to Import Ratio was reported at 133.003 % in Dec 2023.
• This records an increase from the previous number of 130.596 % for Nov 2023.
• China Export to Import Ratio data is updated monthly, averaging 117.312 % from Jan 1992 to Dec 2023, with 384 observations.
• The data reached an all-time high of 176.127 % in Jan 2009 and a record low of 56.476 % in Feb 2020.
• China Export to Import Ratio 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.MEI: Export to Import Ratio: Non OECD Member.

Quantities of imports or exports are recorded in terms of units of quantity as specified in the Nomenclature for China Customs Statistics. The weight recorded represents the net weight of goods. Imports are valued on a cif basis and exports on a fob basis. Since 1980, the compilation of Customs statistics follows the concepts and definitions recommended by the United Nations, that is International Merchandise Trade Statistics: Concepts and Definitions, Rev. 2, New York, UN, 1998 (IMTS). Data include value of total imports and exports in million US dollars.

United States Imports from China of Electrical, electronic equipment was US$127.06 Billion during 2024, according to the United Nations COMTRADE database on international trade. United States Imports from China of Electrical, electronic equipment - data, historical chart and statistics - was last updated on July of 2025.

On April 9, 2025, the U.S. imposed high import tariffs on Chinese goods. Average U.S. tariffs on imports from China reached ***** percent on April 10, 2025. In comparison, import levies on exports from the rest of the world were at around **** percent. In response to increased U.S. tariffs, China imposed retaliatory levies, averaging ***** percent as of April 12, 2025. After trade talks, the U.S. and China agreed to temporarily lower mutual trade barriers, leading to average U.S. tariffs of **** percent and average Chinese tariffs of **** percent on May 14, 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.

United States Imports: China: Special Import Provisions data was reported at 439.492 USD mn in Feb 2025. This records a decrease from the previous number of 443.431 USD mn for Jan 2025. United States Imports: China: Special Import Provisions data is updated monthly, averaging 250.200 USD mn from Jan 2002 (Median) to Feb 2025, with 278 observations. The data reached an all-time high of 505.247 USD mn in Oct 2024 and a record low of 60.552 USD mn in Jan 2002. United States Imports: China: Special Import Provisions data remains active status in CEIC and is reported by U.S. Census Bureau. The data is categorized under Global Database’s United States – Table US.JA150: Imports: HS: China.

China tariff rates for 2021 was 2.31%, a 0.16% decline from 2020.

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

<li>China tariff rates for 2020 was <strong>2.47%</strong>, a <strong>0.06% decline</strong> from 2019.</li>
<li>China tariff rates for 2019 was <strong>2.53%</strong>, a <strong>0.86% decline</strong> from 2018.</li>
<li>China tariff rates for 2018 was <strong>3.39%</strong>, a <strong>0.44% decline</strong> from 2017.</li>
</ul>Weighted mean applied tariff is the average of effectively applied rates weighted by the product import shares corresponding to each partner country. Data are classified using the Harmonized System of trade at the six- or eight-digit level. Tariff line data were matched to Standard International Trade Classification (SITC) revision 3 codes to define commodity groups and import weights. To the extent possible, specific rates have been converted to their ad valorem equivalent rates and have been included in the calculation of weighted mean tariffs. Import weights were calculated using the United Nations Statistics Division's Commodity Trade (Comtrade) database. Effectively applied tariff rates at the six- and eight-digit product level are averaged for products in each commodity group. When the effectively applied rate is unavailable, the most favored nation rate is used instead.

China Import: Latin America: Chile data was reported at 3.364 USD bn in Mar 2025. This records a decrease from the previous number of 3.518 USD bn for Feb 2025. China Import: Latin America: Chile data is updated monthly, averaging 1.527 USD bn from Jan 2001 (Median) to Mar 2025, with 291 observations. The data reached an all-time high of 5.432 USD bn in Jan 2023 and a record low of 39.911 USD mn in Jan 2001. China Import: Latin America: Chile 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.