Question: How much does China export to the US?

China Exports to United States was US$452.58 Billion during 2020, according to the United Nations COMTRADE database on international trade. China Exports to United States – data, historical chart and statistics – was last updated on December of 2021.

How much of China’s exports go 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).

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 percentage of US trade comes from China?

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%
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How much do 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.

How much does the US rely on China?

U.S. goods imports from China totaled $434.7 billion in 2020, down 3.6 percent ($16.0 billion) from 2019, but up 19 percent from 2010. 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.

Who is China’s biggest trade partner?

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.

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

What does China buy from America?

Aircraft, soybeans, motor vehicles and microchips are top U.S. exports to China. Since 2001, the share of these exports going to China has increased sharply. Soybeans and motor vehicles are targets of recent Chinese tariffs.

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.

Why is China important to the US?

In 2020, China was America’s largest goods trading partner, third largest export market, and largest source of imports. Exports to China supported an estimated 1.2 million jobs in the United States in 2019. Most U.S. companies operating in China report being committed to the China market for the long term.

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How much does China export to the world?

China has been the largest exporter of goods in the world since 2009, and total Chinese exports amounted to $2.641 trillion in 2019. China’s exports and economy grew dramatically following the opening of the country under Deng Xiaoping.

Does any country owe the US money?

Then there are the countries that owe America money. Even though Japan holds the biggest amount of U.S. debt, the U.S. is also owed a lot of money by them too.

Debts and Debtors of the US Government.

Country Name Value of Holdings (Billions of $)
Mainland China 1,058.4
Ireland 288.2
Cayman Islands 263.5
Brazil 259.2

What if US defaults on debt to China?

If the US tried to default its debt aka refuse to buy back those treasury bonds China holds, China could simply sell it to a third country whoever wants it. The problem is the price will drop rapidly since there are huge amount of bonds in China’s hands. China will suffer a significant financial loss.

Who is the largest owner of US debt?

Key Takeaways

  • Roughly three-quarters of the government’s debt is public debt, which includes Treasury securities.
  • Japan is the largest foreign holder of public U.S. government debt, owning $1.266 trillion in debt as of April 2020.