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.

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.

On September 1, 2019, China imposed additional tariffs on 75 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.

This data package includes the underlying data and files to replicate the calculations, charts, and tables presented in The 2018 US-China Trade Conflict after 40 Years of Special Protection, PIIE Working paper 19-7.

If you use the data, please cite as: Bown, Chad P. (2019). The 2018 US-China Trade Conflict after 40 Years of Special Protection. PIIE Working paper 19-7. Peterson Institute for International Economics.

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.

Global Bulk Carrier Ships market size was $374.24 Billion in 2022 and it is forecasted to reach $412.36 Billion by 2030. Bulk Carrier Ships Industry's Compound Annual Growth Rate will be 4.4% from 2023 to 2030. Factors Impacting on Bulk Carrier Ships Market

Rise in international trading

Trading and transportation across the borders have dramatically increased over the past few decades. Moreover, recent couple of decades have seen mounted growth in world economy. This trade growth is an ultimate result of both technological advancements and reduction in trade barriers. Almost every country is aggressively promoting economic development which is driving world trade to significantly grow every year with an average growth of 6%. International trade allows countries to expand their markets by providing goods and services to other countries. It thus allows countries to extend their markets and get access to items and services that are otherwise be unavailable in their home country. International commerce also leads to the increasing competitiveness. This integration thus helps in raising living standards across the world. Import, export, and entrepot activities are used in international trade. Currently, technological innovation, increased need for a variety of items, and rising desire for authentic products are all driving up international commercial activity. Bulk carrier ships play vital role in supply chain by carrying cargo across oceans linking borders across the globe. It is one of the most cost-effective ways to transfer large amounts of commodities throughout the world. Shipping and seaborne trade have enabled the transition from a world of separated territories to a globally linked community. Hence surging international trade drives the growth of bulk carrier’s market across the globe.

Restraining Factor of Bulk Carrier Ships market

Volatility in transportation cost and tensions in trade across borders may hamper the growth of market Volatility in the prices of fuels impacts pricing of the goods. Further, in case of global rise in the tariffs, high import prices hamper firm's production costs as well as purchasing power of customers. Further, stringent regulations, such as tracking orders, meeting promised timeline, determining liabilities, etc. associated with shipping goods across borders may hinder the growth of market. Moreover, unstable political parameters of any particular country also hamper the cargo shipping market. For instance, Russia-Ukraine war has impacted the shipping industry owing to the rise in the oil prices. Furthermore, ongoing U.S.-China tariff stand-off is also threatening trading across the borders. Hence, geopolitical crisis somehow hinders the growth of bulk carriers ships market.

Current Trends on Bulk Carrier Ships

Technological Improvement

Demand for coal, ores and cement has increased owing to the liberalization in global trade. This demand will keep on increasing and to meet the growing demand, developments have been made to offer solutions that can enable reduction in the transportation cost. Moreover, rise in the environment concern is aiming to reduce the impact of CO2 emissions from ships on marine culture by reducing the fuel consumption. Hence, new regulations have made in designing smaller ship size bulk carrier ship with engines meeting the demand for lower rpm in order to obtain an optimum ship design with highly efficient large propellers.

What is the impact of COVID-19 pandemic on Bulk Carrier Ships Market?

Advent of COVID-19 in year 2020 has plunged international trade due to the reduction in production and distribution of goods. Initial period of pandemic has resulted in the double-digit decline of revenue from bulk carrier ship market. However, the second half of pandemic global trade started recovering at relatively faster pace facilitating a V-shaped graph. What are Bulk Carrier Ships?

Carrier ships are the integral link between the production and its consumption all across the globe. It thus plays very crucial part in connecting global economy. It has been estimated that almost 80% of global goods gets transported across oceans via ships. Though air freight is less time consuming, but the cost associated with it is too high in comparison to carrier ships. Further, carrier shipping allows heavy loads, as well as hazardous materials which brings flexibility in tra...