In 2021, Chinese exports of trade goods to the United States amounted to about 506.37 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 124.65 billion 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.
Volume of U.S. imports of trade goods from China from 1985 to 2021
(in billion U.S. dollars)
Characteristic
Import volume in billion U.S. dollars
2021
506.37
2020
434.75
2019
450.76
2018
538.51
2017
505.17
2016
462.42
2015
483.2
2014
468.47
2013
440.43
2012
425.62
2011
399.37
2010
364.95
2009
296.37
2008
337.77
2007
321.44
2006
287.77
2005
243.47
2004
196.68
2003
152.44
2002
125.19
2001
102.28
2000
100.02
1999
81.79
1998
71.17
1997
62.56
1996
51.51
1995
45.54
1994
38.79
1993
31.54
1992
25.73
1991
18.97
1990
15.24
1989
11.99
1988
8.51
1987
6.29
1986
4.77
1985
3.86
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US Census Bureau, & US Department of Commerce. (February 8, 2022). Volume of U.S. imports of trade goods from China from 1985 to 2021 (in billion U.S. dollars) [Graph]. In Statista. Retrieved July 01, 2022, from https://www.statista.com/statistics/187675/volume-of-us-imports-of-trade-goods-from-china-since-1985/
US Census Bureau, und US Department of Commerce. "Volume of U.S. imports of trade goods from China from 1985 to 2021 (in billion U.S. dollars)." Chart. February 8, 2022. Statista. Accessed July 01, 2022. https://www.statista.com/statistics/187675/volume-of-us-imports-of-trade-goods-from-china-since-1985/
US Census Bureau, US Department of Commerce. (2022). Volume of U.S. imports of trade goods from China from 1985 to 2021 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: July 01, 2022. https://www.statista.com/statistics/187675/volume-of-us-imports-of-trade-goods-from-china-since-1985/
US Census Bureau, and US Department of Commerce. "Volume of U.S. Imports of Trade Goods from China from 1985 to 2021 (in Billion U.S. Dollars)." Statista, Statista Inc., 8 Feb 2022, https://www.statista.com/statistics/187675/volume-of-us-imports-of-trade-goods-from-china-since-1985/
US Census Bureau & US Department of Commerce, Volume of U.S. imports of trade goods from China from 1985 to 2021 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/187675/volume-of-us-imports-of-trade-goods-from-china-since-1985/ (last visited July 01, 2022)
