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What goods does the US export to China?

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What goods does the 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 does the US give to China?

U.S. exports of services to China were an estimated $40.4 billion in 2020, 31.9 percent ($19 billion) less than 2019, but 97 percent greater than 2010 levels. It was up roughly 617.7 percent from 2001 (pre-WTO accession).

What are the major imports of China?

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).

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Does China rely on US imports?

The U.S. and China have been major trading partners for years, and they rely on each other’s supply chain for input into goods and services consumed within their borders.

What is the #1 export that the US sends 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.

What products do we get from China?

What kinds of products does the U.S. import from China?

  • Machinery & Electrical: 24\% of U.S. imports from China.
  • Miscellaneous: 19\%
  • Metals: 10\%
  • Textiles: 8\%
  • Plastics/Rubbers: 7\%

Who is China’s biggest importer?

United States
List of largest trading partners of China

Rank Country / Territory Imports
1 United States 153.9
2 European Union 197.9
– ASEAN 236.4
3 Japan 165.8

What country does China most likely trade with?

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Top 15

  • United States: US$452.6 billion (17.5\% of China’s total exports)
  • Hong Kong: $272.7 billion (10.5\%)
  • Japan: $142.6 billion (5.5\%)
  • Vietnam: $113.8 billion (4.4\%)
  • South Korea: $112.5 billion (4.3\%)
  • Germany: $86.8 billion (3.4\%)
  • Netherlands: $79 billion (3\%)
  • United Kingdom: $72.6 billion (2.8\%)

What does the US trade with China?

Soybeans:$15 billion

  • Civilian aircraft:$8.4 billion
  • Cotton:$3.4 billion
  • Copper materials:$3 billion
  • Passenger vehicles (small engines):$3 billion
  • Aluminum materials:$2.4 billion
  • Passenger vehicles (large engines):$2.2 billion
  • Electronic integrated circuits:$1.7 billion
  • Corn:$1.3 billion
  • Coal:$1.2 billion

    • What did the US trade with China?

    Trade with China. Sailing ships from Massachusetts first established the trade between American and China. Before 1842, the only port open to foreign trade was Canton in south China. Trade through Canton was dominated by tea, silk, and spices, which are cargoes of light weight and high value.

    What are the major imports and exports of China?

    The top five exports of China are computers, broadcasting equipment, telephones, office machine parts and integrated circuits. China’s top five imports are crude petroleum, integrated circuits, iron ore, gold and cars.

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    What are some things that China exports?

    China’s major exports are electromechanical products and labor-intensive products. The goods that fall into these categories include optical, technical and medical apparatus, clothing, textiles, footwear, furniture, plastic products and toys.