What is the biggest US export to China?

The top US goods exports to China are oilseeds and grains, semiconductors and their componentry, oil and gas, and motor vehicles. Many states also generate substantial economic value from service exports like travel, education, and financial services.

What export does the US send most to China?

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. Production of these two exports is geographically concentrated.

What is our biggest export to China?

Searchable List of China’s Most Valuable Export Products

Rank China’s Export Product 2020 Value (US$)
1 Phone system devices including smartphones $223,217,114,000
2 Computers, optical readers $170,176,156,000
3 Integrated circuits/microassemblies $117,099,589,000
4 Miscellaneous articles, dress patterns $55,225,956,000

What does China import from the US?

Manufactured goods include industrial equipment, electric equipment, pharmaceutical products, vehicles and optical instruments. Agricultural products include oilseeds, meats, cereals, cotton and seafood.

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What is the largest US export?

These are the top US exports

  • Top U.S. goods exports.
  • Food, beverage and feed: $133 billion. …
  • Crude oil, fuel and other petroleum products: $109 billion. …
  • Civilian aircraft and aircraft engines: $99 billion. …
  • Auto parts, engines and car tires: $86 billion. …
  • Industrial machines: $57 billion.
  • Passenger cars: $53 billion.

How much money does the US owe China?

How much is the U.S. in debt to China? The United States currently owes China around $1.1 trillion as of 2021.

What is China’s biggest 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).

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 the United States biggest trade partner?

China, Canada and Mexico are the country’s largest trading partners, accounting for nearly $1.9 trillion worth of imports and exports.

What would happen if the US stopped buying from China?

If the rest of the world stopped buying from China today. The world economy would pretty much collapse. Everyone would scramble around trying to fix it. The Chinese would adapt much faster and more effectively than the rest of the world because of the way decisions are made.

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Which products does China export to America?

What Does China Export to the US? – Top 5 Goods

  • Telephones for cellular networks or for other wireless networks: $43.67 B (9.80% of total imports)
  • Automatic data processing machines: $37.24 B (8.40% of total imports)
  • Tricycles, scooters and similar wheeled toys and other toys: $12.32 B (2.80% of total imports)

Which year did the United States benefit the most from exporting to China?

2021 : U.S. trade in goods with China

Month Exports Balance
February 2021 9,410.5 -24,617.0
March 2021 12,542.3 -27,686.7
April 2021 11,759.9 -25,829.9
May 2021 12,411.3 -26,320.7

What is America’s number 1 export?

Searchable List of America’s Most Valuable Export Products

Rank US Export Product 2020 Value (US$)
1 Processed petroleum oils $60,709,450,000
2 Crude oil $50,285,962,000
3 Cars $45,642,596,000
4 Integrated circuits/microassemblies $44,212,664,000

What is America’s largest import?

What Are the Major U.S. Imports?

  • Machinery (including computers and hardware) – $386.4 billion.
  • Electrical machinery – $367.1 billion.
  • Vehicles and automobiles – $306.7 billion.
  • Minerals, fuels, and oil – $241.4 billion.
  • Pharmaceuticals – $116.3 billion.
  • Medical equipment and supplies – $93.4 billion.

What does America produce the most of?

Most Produced Commodities In The US

  • Refined and Crude Petroleum: Both Imported And Exported. …
  • Soybeans: Runner-Up To China. …
  • Cotton: Over Double India’s Exports. …
  • Corn: Most Exported From The US. …
  • Wheat: Another Leading Exported Commodity. …
  • Oil: Heavily Imported Despite Production. …
  • Natural Gas: Self-Sufficient Energy In The US.