What is China's main export to the US?

Wilton Igwe asked, updated on September 12th, 2022; Topic: china
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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).

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Having said that, how much of US goods are made in China?

How many US goods are made in 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.

Accordingly, what imports does US get 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.

Into the bargain, what percentage 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).

Who is China 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.

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

16 Related Questions Answered

What country does US import the most from?

Year-to-Date ImportsRankCountryPercent of Total Imports
---Total, All Countries100.0%
---Total, Top 15 Countries78.6%
1China17.5%
2Mexico13.7%

What is China's largest import?

Searchable List of China's Most Valuable Import ProductsRankChina's Import Product2020 Value (US$)
1Integrated circuits/microassemblies$350,845,066,000
2Crude oil$176,321,269,000
3Iron ores, concentrates$118,944,291,000
4Cars$44,923,331,000

How much of the world's products are made in China?

China makes up 28.7% of the total global output for manufacturing. This accounted for nearly $4 trillion of the country's overall economic output in 2019. Although the United States used to be the world's top manufacturing hub, it has been over 10 years since China claimed the top position.

Why does the US import so much from China?

Most people would rather pay as little as possible for computers, electronics, and clothing—so the U.S. imports much more than it exports to China. U.S. businesses also use Chinese labor to assemble or manufacture products to reduce production costs.

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.

Who are America's biggest trading partners?

China, Canada and Mexico are the country's largest trading partners, accounting for nearly $1.9 trillion worth of imports and exports. But this landscape could be reshaped as President Trump pursues “America First” policies and reworks free trade deals. U.K.

Which country imports the most from China?

List of largest trading partners of ChinaRankCountry / TerritoryImports
1United States153.9
2European Union197.9
-ASEAN236.4
3Japan165.8

Does the US rely on China?

China was the United States' largest supplier of goods imports in 2020. 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.

How much does US export to the world?

The United States is the 2nd largest goods exporter in the world. U.S. goods exports to the world totaled $1.6 trillion in 2019, down 1.4 percent ($22.5 billion) from 2018. Canada was the largest purchaser of U.S. goods exports in 2019, accounting for 17.8 percent of total U.S. goods exports.

Why do we need to trade with China?

While expanding foreign trade can disrupt US employment, trade with China also creates and supports a significant number of American jobs. Exports to China support nearly 1 million US jobs, and Chinese companies invested in the United States employ over 120,000 workers. It helps US companies compete globally.

What is the US #1 Export?

Searchable List of America's Most Valuable Export ProductsRankUS Export ProductYOY
1Processed petroleum oils-30.6%
2Crude oil-23%
3Cars-18.7%
4Integrated circuits/microassemblies+10.3%

What does America depend on other countries for?

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.

Who is the US number 1 trading partner?

After a slow and steady rise, Mexico is now the US's number-one trading partner. According to the US Census, for the first six months of 2019, the US and Mexico traded $309 billion worth of goods, just over 15% of all US trade.

What company is the largest manufacturer in the US?

Table 1: Top Manufacturers in the U.S.A.Company% of Revenue Growth
1Thor Industries Inc.58.6
2Align Technology Inc.36.44
3Pilgrim's Pride Corp.35.77
4Patrick Industries Inc.33.8

How much manufacturing does China own?

According to data published by the United Nations Statistics Division, China accounted for 28.7 percent of global manufacturing output in 2019. That puts the country more than 10 percentage points ahead of the United States, which used to have the world's largest manufacturing sector until China overtook it in 2010.

What is China's biggest export?

Searchable List of China's Most Valuable Export ProductsRankChina's Export Product2020 Value (US$)
1Phone system devices including smartphones$223,217,114,000
2Computers, optical readers$170,176,156,000
3Integrated circuits/microassemblies$117,099,589,000
4Miscellaneous articles, dress patterns$55,225,956,000