China

China ranked No. 3 in total trade value in 2019 with a total of $555.25 billion. Exports totaled $106.63 billion and Imports totaled $448.62 billion, a deficit of $342 billion.

U.S. trade with China rose to $555.25 billion in 2019

China’s trade with the United States rose to $555.25 billion in 2019, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 15.15 percent below its total trade of 2018. U.S. exports to China decreased 11.4 percent while U.S. imports from China fell 15.99 percent. The U.S. deficit with China was $342 billion.

Through December 2019, 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 Port of Long Beach; No. 4 Los Angeles International Airport; and No. 5 Port of Newark. In 2018, 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 2019, the top five accounted for 52.9 percent of China’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Los Angeles fell 15.99 percent to $127.34 billion.
    Exports fell 16.54 percent to $6.86 billion. Imports fell 15.96 percent to $120.48 billion.
  • Trade with No. 2 Chicago O’Hare International Airport fell 2.79 percent to $63.56 billion.
    Exports fell 5.08 percent to $8.3 billion. Imports fell 2.44 percent to $55.25 billion.
  • Trade with No. 3 Port of Long Beach fell 27.34 percent to $37.97 billion.
    Exports fell 30.42 percent to $6.08 billion. Imports fell 26.71 percent to $31.89 billion.
  • Trade with No. 4 Los Angeles International Airport rose 4.41 percent to $33.44 billion.
    Exports rose 4.89 percent to $9.09 billion. Imports rose 4.23 percent to $24.36 billion.
  • Trade with No. 5 Port of Newark fell 12.29 percent to $31.43 billion.
    Exports fell 5.47 percent to $800.41 million. Imports fell 12.46 percent to $30.63 billion.

China ranked No. 3 among the United States’ top trade partners in 2019. In 2018, it ranked No. 1.

Meanwhile, total U.S. trade with the world decreased to $4.14 trillion, down 1.37 percent compared to 2018. The nation’s exports dropped 1.13 percent to $1.65 trillion; imports dropped 1.53 percent to $2.5 trillion. The nation’s top five countries for 2019, by value, were Mexico; Canada; China; Japan and Germany. The overall trade deficit was $853.23 billion, down compared to 2018 when the deficit was $873.19 billion.

The top five U.S. exports to China by value through December 2019 were the categories of Civilian aircraft, parts; Computer chips; Soybeans; Motor vehicles for transporting people; and Machinery, parts for semiconductor manufacturing, respectively. They accounted for 35.15 percent of total exports to China.

The value of the top five categories of U.S. imports from China –– Cell phones, related equipment; Computers; Toys, children’s bicycles, games; TVs, computer monitors; and Motor vehicle parts –– accounted for 30.19 percent of all inbound shipments.

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

  • Civilian aircraft, parts fell 42.6 percent compared to last year to $10.46 billion.
  • Computer chips rose 33.66 percent compared to last year to $8.15 billion.
  • Soybeans rose 154.03 percent compared to last year to $7.99 billion.
  • Motor vehicles for transporting people rose 8.41 percent compared to last year to $7.24 billion.
  • Machinery, parts for semiconductor manufacturing fell 2.5 percent compared to last year to $3.64 billion.

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

  • Cell phones, related equipment fell 17.2 percent compared to last year to $59.03 billion.
  • Computers fell 13.39 percent compared to last year to $44.85 billion.
  • Toys, children’s bicycles, games rose 3.36 percent compared to last year to $12.33 billion.
  • TVs, computer monitors fell 9.84 percent compared to last year to $11.26 billion.
  • Motor vehicle parts fell 17.78 percent compared to last year to $9.05 billion.

In 2018 annual figures available, China recorded $654.36 billion in trade with the United States. Total U.S. exports to China were $120.34 billion and imports from China were $534.02 billion. The U.S. deficit with China was $413.68 billion.