2021 : U.S. trade in goods with China
| Month | Exports | Imports |
|---|---|---|
| October 2021 | 16,635.3 | 48,032.2 |
| November 2021 | 16,069.0 | 48,385.0 |
| December 2021 | 13,384.7 | 49,534.7 |
| TOTAL 2021 | 151,065.2 | 506,366.9 |
Beside above, how much did the US export to China in 2021?
Keeping this in view, how much money does the US owe China?
What are China’s main exports today?
China’s Top 10 Exports
- Electrical machinery, equipment: US$710.1 billion (27.4% of total exports)
- Machinery including computers: $440.3 billion (17%)
- Furniture, bedding, lighting, signs, prefabricated buildings: $109.4 billion (4.2%)
- Plastics, plastic articles: $96.4 billion (3.7%)
What is China’s current balance of trade?
Data are in current U.S. dollars. China trade balance for 2020 was $366.14B, a 121.92% increase from 2019. China trade balance for 2019 was $164.99B, a 54.62% increase from 2018.
What is China’s largest import?
Imports The top imports of China are Crude Petroleum ($150B), Integrated Circuits ($144B), Iron Ore ($99B), Cars ($42B), and Soybeans ($37.4B), importing mostly from Japan ($133B), South Korea ($131B), United States ($122B), Germany ($106B), and Chinese Taipei ($104B).
What is the total export of China in 2021?
China’s politically volatile global trade surplus surged to $676.4 billion in 2021, likely the highest ever recorded by any country, as exports jumped 29.9% over a year earlier despite semiconductor shortages that disrupted manufacturing.
What percentage of the world trades China?
In 1995, the value of China’s imports and exports of goods totaled $280.9 billion or 3 percent of global trade. By 2018, its total trade in goods had jumped to $4.6 trillion or 12.4 percent of global trade. The US is the world’s second-largest trader at 11.5 percent of total trade, followed by Germany at 7.7 percent.
What would happen if we stopped trade with China?
Cutting China off from the U.S. would cost America hundreds of billions of dollars, report says. Expanding U.S. tariffs of 25% to all trade with China could cost the U.S. $190 billion a year in GDP, according to a report released Wednesday by the U.S. Chamber of Commerce and Rhodium Group.
Who is China’s biggest trade partner?
| Rank | Country / Territory | China exports |
|---|---|---|
| 1 | United States | 429.7 |
| 2 | European Union | 375.1 |
| – | ASEAN | 277.9 |
| 3 | Japan | 137.2 |