Question: What Is The #1 Export From The USA To China?

What does the US export to China 2019?

Exports to China support over 1.1 million American jobs.

US services exports to China included travel and education, industrial processes, and management services, among other industries..

How much does US export to China?

U.S. goods exports to China in 2019 were $106.4 billion, down 11.5% ($13.8 billion) from 2018 but up 53.2% from 2009. U.S. exports to China are up 455% from 2001 (pre-WTO accession). U.S. exports to China accounted for 6% of overall U.S. exports in 2019.

What is the US largest export?

Top U.S. service exports Services are the biggest US export, with total foreign sales of $778 billion last year. Indeed, the United States has a $243 billion trade surplus in services, which is good news since service industries account for 71% of US jobs.

What if we stopped buying from China?

If the rest of the world stopped buying from China today. The world economy would pretty much collapse. … Our supply chains are very entwined with China and it would take massive investment of time, money, talent, and resources to adapt to such a big change.

Which countries export the most to China?

List of largest trading partners of ChinaNo.Country / RegionExportsTotal2,263.31United States429.72European Union375.13Japan137.217 more rows

What does the US rely on China 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.

What products do we buy from China?

List of exports of China#ProductValue1Computers210.2312Broadcasting equipment110.9793Telephones91.7594Office Machine Parts47.07926 more rows

Does the US owe China money 2020?

Here are highlights from the September 2020 report (March 2020 data unless indicated otherwise): Foreign: $6.81 trillion (in July 2020, Japan owned $1.29 trillion and China owned $1.07 trillion of U.S. debt, which is more than a third of foreign holdings)3 Federal Reserve and government: $10.16 trillion (June 2020)

What if China stopped exporting to us?

If China stops exporting in USA, in short term, the US economy will be affected. However, at present, China export about 20% of the world, without it the remaining 80% would easily increase capacity to compensate. China has no high-tech manufacturing industry that the world can’t replace it.

Who is Russia’s largest trading partner?

Top 15China: US$56.8 billion (13.4% of Russia’s total exports)Netherlands: $44.8 billion (10.6%)Germany: $28 billion (6.6%)Turkey: $21.1 billion (5s%)Belarus: $20.5 billion (4.9%)South Korea: $16.4 billion (3.9%)Italy: $14.3 billion (3.4%)Kazakhstan: $14.1 billion (3.3%)More items…•

Does China rely on the US?

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 China’s biggest import?

China’s Top ImportsCrude petroleum – $208 billion.Iron ore – $59.2 billion.Petroleum gas – $44.2 billion.Gold – $36.9 billion.Soybeans – $33,8 billion.

What food does the 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.

Who is the US biggest trading partner?

U.S. trade with other nations is worth $4.9 trillion per year. China, Canada and Mexico are the country’s largest trading partners, accounting for nearly $1.9 trillion worth of imports and exports.

How much of our imports come from 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.

What are the top 3 Exports of the China?

Searchable List of China’s Most Valuable Export ProductsRankChina’s Export Product2019 Value (US$)1Phone system devices including smartphones$224,069,819,0002Computers, optical readers$148,463,426,0003Integrated circuits/microassemblies$102,187,884,0004Processed petroleum oils$38,345,208,0006 more rows•Nov 7, 2020

Who is China’s biggest trading partner?

China’s Top Trading PartnersUnited States: US$418.6 billion (16.8% of China’s total exports)Hong Kong: $279.6 billion (11.2%)Japan: $143.2 billion (5.7%)South Korea: $111 billion (4.4%)Vietnam: $98 billion (3.9%)Germany: $79.7 billion (3.2%)India: $74.9 billion (3%)Netherlands: $73.9 billion (3%)More items…•

Can China overtake US economy?

Last month, Justin Lin Yifu, a professor at Peking University and the World Bank’s former chief economist, predicted that China would surpass the US as the world’s largest economy by 2030.

What countries rely on the US?

List of the largest trading partners of the United StatesRankCountry/DistrictExports1China129,8942Canada282,2653Mexico243,3144Japan67,60529 more rows

Which country exports the most?

Leading export countries worldwide China led the world in exports in 2019. China was followed by the United States, with exports valued at 1.64 trillion US dollars, and Germany, with exports valued at 1.49 trillion US dollars.

What does China produce the most of?

1. Manufacturing. China makes and sells more manufacturing goods than any other country on the planet. The range of Chinese goods includes iron, steel, aluminum, textiles, cement, chemicals, toys, electronics, rail cars, ships, aircraft, and many other products.