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.

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.

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 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.

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.

According to a survey conducted among U.S. enterprises in China in November 2024, around ** percent of respondents reported that the U.S.-China trade tensions made them delay or cancel investment decisions in China. Around ** percent of companies stated that the trade tensions did not impact their business strategy.

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.

In May 2025, *** percent of China's exports to the United States were affected by the U.S. punitive tariffs. On May 14, 2025, the average level of tariffs on Chinese goods announced by U.S. President Donald Trump ranged at **** percent.

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 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.

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.

We measure the tariff shocks by matching the U.S. products of Section 301 Tariffs with China provincial customs export data in 2017, the year before the trade war.First, based on the tariffed product lists released by the Office of the United States Trade Representative (USTR), which specify products at the Harmonized Tariff Schedule (HTS) eight-digit code level, we calculate the proportion of tariffed product categories under each six-digit HTS code. For instance, under the U.S. HTS-6 code 6309.29 (tents of other textile material), the corresponding sub-code includes 6306.29.11 (tents of cotton) and 6306.29.21 (tents made of other materials), with only 6306.29.11 being subject to additional tariffs. Thus, the tariffed rate for HTS code 6309.29 is 50%.Second, since the HTS-6 codes are consistent under the Harmonized System (HS) across countries, we estimate the scale of Chinese export affected by the trade war by multiplying the export data of HS-6 products by the corresponding HTS-6 tariffed rate.Third, we further adjust for provincial differences by dividing each province’s tariff-affected export scale by its total export scale.Fourth, the intensity of tariffs varied across the four rounds of the trade war. In the first three rounds, listed products were subjected to a 25% tariff, whereas the fourth round, while covering nearly all remaining U.S.-bound exports, had a lower tariff rate (7.5%), following the signing of the “Phase One” trade agreement between China and the U.S. in January 2020. To account for these differences, we assign a weight of 0.25 to the first three rounds and a weight of 0.075 to the fourth round. The weighted sum serves as a proxy variable for the provincial exposure of the U.S.-China trade war.

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.

Exports to Latin America in China decreased to 18889718.37 USD Thousand in February from 22057751.72 USD Thousand in January of 2024. This dataset includes a chart with historical data for China Exports To Latin America.

Komatsu's financial outlook improves as U.S.-China trade tensions ease, potentially reducing a $140 million tariff impact. The company explores strategic supply chain shifts and acquisitions to navigate future risks.

China Export: Latin America: Honduras data was reported at 177.331 USD mn in Mar 2025. This records an increase from the previous number of 153.814 USD mn for Feb 2025. China Export: Latin America: Honduras data is updated monthly, averaging 47.364 USD mn from Jan 2001 (Median) to Mar 2025, with 291 observations. The data reached an all-time high of 195.938 USD mn in Sep 2024 and a record low of 2.610 USD mn in Feb 2002. China Export: Latin America: Honduras 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.

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 Export: Latin America: Mexico data was reported at 7.462 USD bn in Mar 2025. This records an increase from the previous number of 5.249 USD bn for Feb 2025. China Export: Latin America: Mexico data is updated monthly, averaging 2.306 USD bn from Jan 2001 (Median) to Mar 2025, with 291 observations. The data reached an all-time high of 8.570 USD bn in Aug 2024 and a record low of 93.780 USD mn in Jan 2001. China Export: Latin America: Mexico 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.

CN: Import hs: USA: Prepared Foodstuff; Beverage, Spirit & Vinegar; Tobacco & Manufactured Tobacco Substitute data was reported at 174.227 USD mn in Jun 2018. This records a decrease from the previous number of 339.896 USD mn for May 2018. CN: Import hs: USA: Prepared Foodstuff; Beverage, Spirit & Vinegar; Tobacco & Manufactured Tobacco Substitute data is updated monthly, averaging 37.531 USD mn from Jan 1993 (Median) to Jun 2018, with 306 observations. The data reached an all-time high of 454.856 USD mn in Jul 2015 and a record low of 2.455 USD mn in Sep 1994. CN: Import hs: USA: Prepared Foodstuff; Beverage, Spirit & Vinegar; Tobacco & Manufactured Tobacco Substitute 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.

This data package includes the underlying data files to replicate the data and charts presented in Economic implications of revoking China's permanent normal trade relations (PNTR) status by Megan Hogan, Warwick J. McKibbin, and Marcus Noland, PIIE Policy Brief 24-9.

If you use the data, please cite as: Hogan, Megan, Warwick J. McKibbin, and Marcus Noland. 2024. Economic implications of revoking China's permanent normal trade relations (PNTR) status, PIIE Policy Brief 24-9. Washington, DC: Peterson Institute for International Economics.