Jose Sanchez
Research expert covering society, economy, & politics for Latin America
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The value of exports from China amounted to almost 3.6 trillion U.S. dollars in 2024, 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 2024, China accounted for about 14.33 percent of global merchandise exports and about five percent of global service exports. The leading export products of China were machinery and transport equipment, with an export value of about 1.65 trillion U.S. dollars in 2023.
U.S. export market
The United States recorded an export value of over two trillion U.S. dollars in 2024, 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 2024. Texas ranked first with exports valued at 455 billion U.S. dollars. As far as global imports are concerned, the United States was the leading country as of 2023, with an import value of about 3.17 trillion U.S. dollars.
