China

China ranked No. 3 in total trade value through May with a total of $183.82 billion. Exports totaled $40.25 billion and Imports totaled $143.57 billion, a deficit of $103.32 billion.

U.S. trade with China rose to $137.58 billion through May

China’s trade with the United States rose to $137.58 billion through the first five months of 2020, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 21.23 percent below its total trade during the same time period last year. U.S. exports to China decreased 9.69 percent while U.S. imports from China fell 24.01 percent. The U.S. deficit with China was $76.36 billion.

Through May, the top five among the nation’s airports, seaports and border crossings were No. 1 Port of Los Angeles; No. 2 Chicago O’Hare International Airport; No. 3 Los Angeles International Airport; No. 4 Port of Long Beach; and No. 5 Port of Newark. During the same period the previous year, the top five were No. 1 Port of Los Angeles; No. 2 Chicago O’Hare International Airport; No. 3 Port of Long Beach; No. 4 Port of Newark and No. 5 Los Angeles International Airport. In the current time period, the top five accounted for 53.14 percent of China’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Los Angeles fell 31.03 percent to $35.27 billion.
    Exports fell 17.63 percent to $2.52 billion. Imports fell 31.89 percent to $32.74 billion.
  • Trade with No. 2 Chicago O’Hare International Airport rose 8.96 percent to $25.75 billion.
    Exports rose 12.46 percent to $3.69 billion. Imports rose 8.4 percent to $22.05 billion.
  • Trade with No. 3 Los Angeles International Airport rose 15.81 percent to $13.77 billion.
    Exports rose 1.32 percent to $3.63 billion. Imports rose 22.05 percent to $10.14 billion.
  • Trade with No. 4 Port of Long Beach fell 16.84 percent to $13.45 billion.
    Exports rose 13.4 percent to $2.84 billion. Imports fell 22.4 percent to $10.61 billion.
  • Trade with No. 5 Port of Newark fell 27.78 percent to $9.45 billion.
    Exports fell 24.02 percent to $239.14 million. Imports fell 27.87 percent to $9.21 billion.

China ranked No. 3 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 3.

Meanwhile, total U.S. trade with the world increased to $1.48 trillion, down 64.27 percent compared to the same period last year. The nation’s exports dropped 64.62 percent to $582.11 billion; imports dropped 64.04 percent to $898.44 billion. The nation’s top five countries so far this year, by value, are Canada; Mexico; China; Japan and Germany. The overall trade deficit was $316.33 billion, down compared to the same period of last year when the deficit was $853.23 billion.

The top five U.S. exports to China by value through May were the categories of Computer chips; Civilian aircraft, parts; Machinery, parts for semiconductor manufacturing; Passenger vehicles; and Oil, respectively. They accounted for 26.21 percent of total exports to China.

The value of the top five categories of U.S. imports from China –– Cell phones, related equipment; Computers; Misc. articles made from textile materials; Motor vehicle parts; and Seats, excluding barber, dental –– accounted for 31.05 percent of all inbound shipments.

Looking more closely at U.S. exports to China:

  • Computer chips rose 14.88 percent compared to last year to $4.05 billion.
  • Civilian aircraft, parts fell 60.11 percent compared to last year to $1.88 billion.
  • Machinery, parts for semiconductor manufacturing rose 28.47 percent compared to last year to $1.79 billion.
  • Passenger vehicles fell 46.96 percent compared to last year to $1.49 billion.
  • Oil rose 27.71 percent compared to last year to $1.34 billion.

Looking more closely at U.S. imports from China:

  • Cell phones, related equipment fell 18.53 percent compared to last year to $16.63 billion.
  • Computers fell 4.86 percent compared to last year to $16.09 billion.
  • Misc. articles made from textile materials rose 300.11 percent compared to last year to $6.09 billion.
  • Motor vehicle parts fell 25.92 percent compared to last year to $2.99 billion.
  • Seats, excluding barber, dental fell 32.51 percent compared to last year to $2.78 billion.

In the latest annual figures available, China recorded $555.25 billion in trade with the United States. Total U.S. exports to China were $ 106.63 billion and imports from China were $448.62 billion. The U.S. deficit with China was $342 billion.