In December 2024, the total value of the U.S. trade in goods with China amounted to about 50.1 billion U.S. dollars. This comprises an 12.5 billion U.S. dollar export value and around 37.5 billion U.S. dollar import value.

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 295.4 billion U.S. dollars.

In 2024, the total value of the U.S. trade in goods with China amounted to around 583 billion U.S. dollars composed of a 143.55 billion U.S. dollars export value and a 438.95 billion U.S. dollars import value. This represented a negative trade balance of 295.4 billion U.S. dollars.

This data package includes the underlying data files to replicate the calculations, charts, and tables presented in Public responses to foreign protectionism: Evidence from the US-China trade war, PIIE Working Paper 22-10.

If you use the data, please cite as: Steinberg, David, and Yeling Tan.(2022). Public responses to foreign protectionism: Evidence from the US-China trade war, PIIE Working Paper 22-10. Peterson Institute for International Economics.

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.

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

In 2022, the trade balance of agricultural products between the United States and China came to around 29.65 billion U.S. dollars. However, the trade balance of computer and electronics came to a negative 139.61 billion U.S. dollars indicating that the U.S. imports more computers than it exports. This accounts for the trade under the North American Classification System (NAICS) product categories. The data are not seasonally adjusted.

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

In December 2024, the trade surplus in China amounted to approximately 104.84 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 6.1 trillion U.S. dollars in 2024.China has become a vital trade partner for many economies. In 2023, over 427 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 823.22 billion U.S. dollars as of 2023.

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.

As of 2024, the United States had a trade deficit of about 918 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 December 2024, Chinese exports amounted to around 335.6 billion U.S. dollars. This indicated a significant increase in exports compared to the same period of the previous year. Export trade in China China overtook the United States as the world’s largest trading nation in 2013. In the years that followed, the country remained one of the strongest players in global and regional trade. According to the IMF, China’s total gross domestic product (GDP) had ranged at around 17.66 trillion U.S. dollars in 2023. Thus, exports of goods had accounted for more than a third of China’s total economic output that year. In 2024, China’s trade surplus amounted to 992 billion U.S. dollars. Since the implementation of various reform strategies in 1979, China’s economic development has largely profited from its export-led growth strategy. In 2023, the most important export partner for China was ASEAN. Automatic data processing machines, clothes, and integrated circuits were among China’s main export goods. It is noticeable that China’s comparative advantage nowadays lies not only in labor-intensive manufactured goods. Over the past years, China has steadily moved up the global value chain by increasing the export share of high technology products such as computers and power devices. China has been frequently accused of currency manipulation by other countries. The country is criticized for deliberately keeping its currency yuan undervalued, to give Chinese goods export advantages.

The value of exports of China amounted to almost 3.4 trillion U.S. dollars in 2023, meaning that it was, by far, the country with the highest exports worldwide that year. China's export market The value of goods exported from China increased rapidly from 2020 to 2021. By 2021, China accounted for about 15 percent of global merchandise exports and about six percent of global service exports. The leading export products of China were machinery and transport equipment, with an export value of about 1.7 trillion U.S. dollars in 2022. U.S. export market The United States recorded an export value of over two trillion U.S. dollars in 2023, making it the world's second-largest exporter. The main trading partners of the U.S. are Canada, Mexico, and China. In 2022, among the products exported by the U.S., petroleum and coal saw the largest growth in export value at 60 percent. Texas and California were the top two U.S. states ranked by value of exports in 2023. Texas ranked first with exports valued at 444.5 billion U.S. dollars. As far as global imports are concerned, the United States was the leading country as of 2022, with an import value of about 3.4 trillion U.S. dollars.

Key information about China Total Imports from USA

• China Total Imports from USA recorded 15.326 USD bn in Dec 2024, compared with 12.424 USD bn in the previous month
• China Total Imports from USA data is updated monthly, available from Jan 1981 to Dec 2024, with an averaged value of 2.573 USD bn
• The data reached an all-time high of 18.671 USD bn in Jan 2022 and a record low of 139.302 USD mn in Jul 1983

CEIC extends history for monthly Total Imports from USA. General Administration of Customs provides Total Imports from USA, CIF, in USD. According to the Customs: 'Since 2020, the Customs will no longer release separate trade data for January and February.' Data in February are the cumulative figures of January and February. Total Imports from USA prior to January 1993 is sourced from the International Monetary Fund.

China Export: Latin America: Saba data was reported at 0.000 USD mn in Dec 2022. This records an increase from the previous number of 0.000 USD mn for Nov 2022. China Export: Latin America: Saba data is updated monthly, averaging 0.000 USD mn from Jan 2001 (Median) to Dec 2022, with 264 observations. The data reached an all-time high of 2.701 USD mn in Dec 2015 and a record low of 0.000 USD mn in Jun 2022. China Export: Latin America: Saba 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 Export: Latin America: Bonaire data was reported at 0.000 USD mn in Dec 2022. This records a decrease from the previous number of 0.000 USD mn for Nov 2022. China Export: Latin America: Bonaire data is updated monthly, averaging 0.000 USD mn from Jan 2001 (Median) to Dec 2022, with 264 observations. The data reached an all-time high of 2.116 USD mn in Dec 2015 and a record low of 0.000 USD mn in Dec 2022. China Export: Latin America: Bonaire 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.

Exports to United States in China decreased to 30786817 USD Thousand in February from 42633059 USD Thousand in January of 2024. This dataset includes a chart with historical data for China Exports To Us.

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 Import: Latin America: Bonaire data was reported at 0.000 USD mn in Dec 2022. This stayed constant from the previous number of 0.000 USD mn for Nov 2022. China Import: Latin America: Bonaire data is updated monthly, averaging 0.000 USD mn from Jan 2001 (Median) to Dec 2022, with 264 observations. The data reached an all-time high of 47.145 USD mn in Oct 2014 and a record low of 0.000 USD mn in Dec 2022. China Import: Latin America: Bonaire 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 Exports of articles of tin, not specified elsewhere to Georgia was US$49.7 Thousand during 2022, according to the United Nations COMTRADE database on international trade. China Exports of articles of tin, not specified elsewhere to Georgia - data, historical chart and statistics - was last updated on March of 2025.