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.

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.

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.

China Exports to United States was US$501.22 Billion during 2023, according to the United Nations COMTRADE database on international trade. China Exports to United States - data, historical chart and statistics - was last updated on May of 2025.

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.

China Export: Latin America: Cuba data was reported at 76.693 USD mn in Mar 2025. This records an increase from the previous number of 53.231 USD mn for Feb 2025. China Export: Latin America: Cuba data is updated monthly, averaging 71.898 USD mn from Jan 2001 (Median) to Mar 2025, with 291 observations. The data reached an all-time high of 213.210 USD mn in Jul 2015 and a record low of 5.195 USD mn in Feb 2020. China Export: Latin America: Cuba 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.

Toward the end of 2024, American importers had collected over 260 billion U.S. dollars in trade war duties for the U.S. government. While almost 90 billion U.S. dollars of the total was collected under Trump's first administration, over 175 billion U.S. dollars had been collected under the Biden administration. The vast majority of duties collected were assessed under China Section 301, which refers to tariffs ranging from 7.5 percent to 25 percent imposed by the first Trump administration on a variety of Chinese imports. Section 301 of the Trade Act of 1974 is a trade law that gives the authority to take action against trade practices considered unfair to the U.S.

Imports: CIF: 3-Digit: CN: Articles of Rubber data was reported at 91.832 USD mn in May 2018. This records an increase from the previous number of 81.074 USD mn for Apr 2018. Imports: CIF: 3-Digit: CN: Articles of Rubber data is updated monthly, averaging 33.182 USD mn from Jan 1996 (Median) to May 2018, with 269 observations. The data reached an all-time high of 91.832 USD mn in May 2018 and a record low of 2.905 USD mn in Mar 1996. Imports: CIF: 3-Digit: CN: Articles of Rubber data remains active status in CEIC and is reported by US Census Bureau. The data is categorized under Global Database’s USA – Table US.JA081: Trade Statistics: China: Imports: CIF: SITC.

Imports: CIF: 3-Digit: CN: Briquettes, Lignite and Peat data was reported at 0.055 USD mn in May 2018. This records a decrease from the previous number of 0.083 USD mn for Apr 2018. Imports: CIF: 3-Digit: CN: Briquettes, Lignite and Peat data is updated monthly, averaging 0.022 USD mn from Jan 1997 (Median) to May 2018, with 257 observations. The data reached an all-time high of 1.431 USD mn in Apr 2004 and a record low of 0.000 USD mn in Sep 2017. Imports: CIF: 3-Digit: CN: Briquettes, Lignite and Peat data remains active status in CEIC and is reported by US Census Bureau. The data is categorized under Global Database’s USA – Table US.JA081: Trade Statistics: China: Imports: CIF: SITC.

Exports: 3-Digit: CN: Articles of Rubber data was reported at 13.923 USD mn in May 2018. This records a decrease from the previous number of 14.499 USD mn for Apr 2018. Exports: 3-Digit: CN: Articles of Rubber data is updated monthly, averaging 3.842 USD mn from Jan 1996 (Median) to May 2018, with 269 observations. The data reached an all-time high of 17.737 USD mn in Jul 2014 and a record low of 0.024 USD mn in Feb 1996. Exports: 3-Digit: CN: Articles of Rubber data remains active status in CEIC and is reported by US Census Bureau. The data is categorized under Global Database’s USA – Table US.JA077: Trade Statistics: China: Exports: FAS: SITC.

In 2024, the total value of Chinese merchandise imports and exports amounted to about 43.8 trillion yuan. This indicated approximately five percent growth compared to the previous year. China’s international trade relations In 2012, China surpassed the United States to become to the world’s largest trading country in terms of exports and imports of goods. While the United States remained the largest import nation with an import value of around 3.17 trillion U.S. dollars in 2023, China ranked first in global exports with an export value of some 3.38 trillion U.S. dollars in 2023.According to the National Bureau of Statistics of China, in 2023, the United States was the second most significant export partner of China with a share in total exports of about 14.7 percent. China is also one of the United States’ most potential markets for exports. As of 2024, exports from the United States to China had expanded more than seven-fold since China joined the World Trade Organization in 2001. The European Union was the third most important export partner of China as of 2024, after ASEAN and the United States. Exports to the EU are dominated by industrial and consumer goods such as machinery and equipment, as well as footwear and clothing. Chinese imports from the EU are mainly machinery and transport equipment, chemical products and miscellaneous manufactured articles. Hong Kong plays a unique role in intermediating and facilitating trade between China and the rest of the world. Mainland Chinese companies sell goods to Hong Kong which re-exports them at marked up prices. Majority of exports from Hong Kong are re-exports.

China Exports to Russia was US$110.94 Billion during 2023, according to the United Nations COMTRADE database on international trade. China Exports to Russia - data, historical chart and statistics - was last updated on April of 2025.

Exports: 2-Digit: CN: Prefabricated Bldgs; Sanitary, Plumbing etc data was reported at 3.142 USD mn in May 2018. This records a decrease from the previous number of 4.038 USD mn for Apr 2018. Exports: 2-Digit: CN: Prefabricated Bldgs; Sanitary, Plumbing etc data is updated monthly, averaging 3.511 USD mn from Jan 1996 (Median) to May 2018, with 269 observations. The data reached an all-time high of 12.770 USD mn in Apr 1996 and a record low of 0.445 USD mn in May 2000. Exports: 2-Digit: CN: Prefabricated Bldgs; Sanitary, Plumbing etc data remains active status in CEIC and is reported by US Census Bureau. The data is categorized under Global Database’s USA – Table US.JA077: Trade Statistics: China: Exports: FAS: SITC.

Key information about China Total Exports to USA

• China Total Exports to USA recorded 48.830 USD bn in Dec 2024, compared with 47.309 USD bn in the previous Nov 2024
• China Total Exports to USA data is updated monthly, available from Jan 1981 to Dec 2024, with an averaged value of 6.676 USD bn
• The data reached an all-time high of 57.397 USD bn in Sep 2021 and a record low of 78.416 USD mn in Feb 1981

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

Net trade in goods and services (BoP, current US$) in China was reported at 386063151780 USD in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. China - Net trade in goods and services (BoP, current US$) - actual values, historical data, forecasts and projections were sourced from the World Bank on June of 2025.

In 2024, the total value of U.S. trade goods amounted to approximately 5.4 trillion U.S. dollars. This shows the significance and scale of international trade for the economy of the United States. In 2024, the United States imported goods valuing around 3.3 trillion U.S. dollars from international trading partners, in comparison the value of goods exported from the United States to other countries amounted to around 2.1 trillion U.S. dollars.Import and export trade The import of trade goods relate to goods brought into the United States. This typically refers to goods grown, produced, or manufactured in other countries. Imports include goods of domestic origin which have been worked on abroad before reentering the United States. The export of trade goods refer to goods sold internationally which were grown, produced, or manufactured in the United States. It also includes commodities of foreign origin which have been changed in the United States from the form in which they were imported, or which have been enhanced in value or condition by further processing or manufacturing within the United States before again being sold internationally. Leading trade partners of the United States In 2023, Mexico was the largest source of goods imported into the United States, with goods valuing approximately 475.6 billion U.S. dollars. Mexico and Canada were the second and third largest exporters of goods to the United States, respectively. In 2023, Canada was the leading destination of goods exported from the United States, with U.S. trade goods worth over 350 billion U.S. dollars exported to Canada. Mexico and China also feature at the top of the list of importers of U.S. goods.

In 2024, Texas exported goods with a total value of about 21.5 billion U.S. dollars to China. This figure represents a decrease from 25.7 billion U.S. dollars in 2023. Texas was the state with the highest value of trade goods exports to China in 2024.

Imports: CIF: 1-Digit: CN: Animal & Vegetable Oils, Fats & Waxes data was reported at 5.321 USD mn in Sep 2018. This records a decrease from the previous number of 5.910 USD mn for Aug 2018. Imports: CIF: 1-Digit: CN: Animal & Vegetable Oils, Fats & Waxes data is updated monthly, averaging 2.427 USD mn from Jan 1996 (Median) to Sep 2018, with 273 observations. The data reached an all-time high of 6.922 USD mn in Jan 2013 and a record low of 0.086 USD mn in Oct 1997. Imports: CIF: 1-Digit: CN: Animal & Vegetable Oils, Fats & Waxes 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.JA081: Trade Statistics: China: Imports: CIF: SITC.

Imports: 5-Digit: CN: Fuel Oil data was reported at 63.059 USD mn in 2017. This records an increase from the previous number of 52.436 USD mn for 2016. Imports: 5-Digit: CN: Fuel Oil data is updated yearly, averaging 0.239 USD mn from Dec 1998 (Median) to 2017, with 20 observations. The data reached an all-time high of 63.059 USD mn in 2017 and a record low of 0.000 USD mn in 2012. Imports: 5-Digit: CN: Fuel Oil 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.