What does China buy from America?

Top U.S. Exports to China

In 2017, the top export category to China was civilian aircraft, at around $16.26 billion, followed by soybeans, at around $12.25 billion. The third-highest export was motor vehicles, at $10.3 billion, and fourth was electronic integrated circuits, at around $5.29 billion.

What is US main 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.

How much does China rely on the US?

U.S. goods and services trade with China totaled an estimated $615.2 billion in 2020. Exports were $164.9 billion; imports were $450.4 billion. The U.S. goods and services trade deficit with China was $285.5 billion in 2020.

What do we sell to China?

Top U.S. Exports to China

Machinery: $14 billion. Electrical machinery: $13 billion. Optical and medical instruments: $9.8 billion. Vehicles: $9.4 billion.

What is America's #1 import?

Petroleum is the most popular import in 12 states, making it the most common import across America. In 2021, about 72% of imported petroleum was crude oil, which was then domestically refined into products like gasoline, diesel, or jet fuel.

Rep. Waltz: You are seeing China buy up America

What products are in high demand in China?

Does China get food from USA?

Import value of American food products to China 2010-2020

In 2020, China's food imports from the United States amounted to around 2.18 billion U.S. dollars, up from about 1.98 billion U.S. dollars in the previous year.

Does China buy meat from us?

Historical Performance of Chinese Imports of U.S. Beef

China is now the third-largest importer of U.S. beef based on total quantity, importing an average of 35 million lbs. of beef per month in 2021.

Does China import anything from the US?

In 2021, China's imports of all uncovered products from the United States were $42.0 billion, 8 percent lower than in 2017. Over the same period, US exports of all uncovered products to China were $35.0 billion, 1 percent higher than in 2017.

What is USA's number 1 export?

Trade In October 2022, the top exports of United States were Crude Petroleum ($11B), Refined Petroleum ($10.4B), Aircraft Parts ($8.69B), Petroleum Gas ($8.17B), and Soybeans ($5.72B).

What are the top 5 items the US imports from China?

What is China's #1 export?

In 2021, China exported over 3.2 trillion U.S. dollars of manufactured goods, the highest of all time. That year, China's major exports were automatic data processing machines and components, followed by clothes and clothing accessories, integrated circuits, and mobile phones.

What is China's biggest import?

In October 2022 the top imports of China were Integrated Circuits ($34.6B), Crude Petroleum ($29.8B), Iron Ore ($9.19B), Gold ($7.81B), and Petroleum Gas ($6.93B).

What does the US trade with China?

In 2021, China remained the major source of U.S. imports of Textile Products. In 2021, U.S. imports of $50.3 billion of Textile Products from China constituted 32.6% of the total U.S. imports of Textile products.

What does China buy the most?

In 2021, China's major import products included integrated circuits, crude oil, and iron ore.

Why does the US ban chips to China?

As you may recall, Club holding Nvidia (NVDA) was hit particularly hard about 2½-months ago when the Biden administration restricted exports of the most advanced American-made chips to China for fear they would be co-opted for military use.

What would happen if the US stopped trading with China?

If the U.S. is forced to sell half of its direct investments in China, that would cost American investors $25 billion a year in capital gains and up to $500 billion in GDP losses, the report said. U.S. businesses risk losing global competitiveness if sweeping policies force separation from China, the report said.

What food does China import?

China has increased its imports of soybeans and corn to ensure self-sufficiency in staple grains, including wheat and rice.

Will the Chinese economy overtake the US?

Although the pace of China's economic rise has slowed in recent years, it appears on track to end the United States' lengthy run as the world's largest economy by around 2035, according to the latest projection by economists at Goldman Sachs.