How much of US import is from China?

What percentage of US imports is from China?

U.S. imports from are up 325 percent from 2001 (pre-WTO accession). U.S. imports from China account for 18.6 percent of overall U.S. imports in 2020.

How much of US products come from China?

U.S. goods imports from China totaled $539.5 billion in 2018, up 6.7% ($34.0 billion) from 2017, and up 59.7% from 2008. U.S. imports from are up 427% from 2001 (pre-WTO accession). U.S. imports from China account for 21.2% of overall U.S. imports in 2018.

How much does China export to the US?

China exported $480 billion worth of goods to the US in 2018 (19 percent of all its exports), but only imported $156 billion (7.3 percent of all its imports).

Who is the biggest importer of Chinese goods?

Mainland China’s 100 major trade partners account for $2.551 trillion or 98.5% of all exported goods consumed by trade partners that import from the People’s Republic.

Searchable Datalist of Countries Consuming China’s Exports.

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Rank 1.
Importer United States
Exports from China (US$) $452,576,771,000
2019-20 +8.1%

What does the US buy from China?

The top U.S. import commodities from China are fruits and vegetables (fresh/processed), snack food, spices, and tea – the combined which accounts for nearly one-half of the total U.S. agricultural imports from China.

How much money does the US owe China?

Breaking Down Ownership of US Debt

China owns about $1.1 trillion in U.S. debt, or a bit more than the amount Japan owns. Whether you’re an American retiree or a Chinese bank, American debt is considered a sound investment.

What country does us import the most from?

Year-to-Date Imports

Rank Country Percent of Total Imports
Total, All Countries 100.0%
Total, Top 15 Countries 78.6%
1 China 17.6%
2 Mexico 13.7%

Why does the US import so much from China?

The U.S. depends heavily on China for providing the low-cost goods that enable income-constrained American consumers to make ends meet. The U.S. also depends on China to support its own exports; next to Mexico and Canada, China is America’s third largest and by far its most rapidly growing major export market.

What is China’s main export to the US?

The United States

The top goods exported from China to the U.S. and their total values for 2018 were electrical machinery ($152 billion), machinery ($117 billion), furniture and bedding ($35 billion), toys and sports equipment ($27 billion), and plastics ($19 billion).

What is America’s main export to China?

Exports to China benefit nearly all US states and industries. China was a top-five goods export destination for 45 states in 2020. The top US goods exports to China are oilseeds and grains, semiconductors and their componentry, oil and gas, and motor vehicles.

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How much does the United States import?

The United States is the largest goods importer in the world. U.S. goods imports from the world totaled $2.5 trillion in 2019, down 1.6 percent ($40.2 billion) from 2018.

What would happen if US stopped trading with China?

Around 4% of China’s GDP and 3% of America’s GDP would temporarily disappear and then reappear as increased Chinese exports to Europe/Russia/Africa/India and increased US imports from those regions. On the US side, a lot of prices would shoot up dramatically, and consumers would cut back accordingly.

What is China’s main import?

Imports The top imports of China are Crude Petroleum ($204B), Integrated Circuits ($123B), Iron Ore ($83.1B), Petroleum Gas ($47.8B), and Cars ($43.1B), importing mostly from South Korea ($136B), Japan ($128B), Australia ($111B), Germany ($107B), and United States ($103B).

Who is us biggest trade partner?

List of the largest trading partners of the United States

Rank Country/District Total Trade
World 3,888,236
European Union 717,902
1 China 635,364
2 Canada 581,584