Overview In December 2023, China exported $36B and imported $14.9B from United States, resulting in a positive trade balance of $21.1B. Between December 2022 and December 2023 the exports of China have decreased by $-9.37B (-20.6%) from $45.4B to $36B, while imports decreased by $-974M (-6.12%) from $15.9B to $14.9B.
Trade In December 2023, the top exports of China to United States were Telephones ($5.39B), Computers ($2.81B), Electric Batteries ($1.42B), Light Fixtures ($998M), and Motor vehicles; parts and accessories (8701... ($939M). In December 2023 the top imports of China from United States were Soybeans ($3.58B), Cars ($706M), Petroleum Gas ($674M), Integrated Circuits ($645M), and Crude Petroleum ($633M).
Origins In December 2023 the exports of China were mainly from Guangdong Province ($10.1B), Jiangsu Province ($7.8B), Shanghai Province ($2.99B), Shandong Province ($2.94B), and Fujian Province ($2.82B), while imports destinations were mainly Beijing ($2.98B), Shanghai Province ($2.2B), Guangdong Province ($1.51B), Jiangsu Province ($1.32B), and Tianjin ($1.19B).
Growth In December 2023, the decrease in China's year-by-year exports to United States was explained primarily by an decrease in product exports in Computers ($-1.3B or -31.6%), Laboratory Reagents ($-287M or -81.3%), and Video Displays ($-283M or -37.6%). In December 2023, the decrease in China's year-by-year imports from United States was explained primarily by an decrease in product imports in Cars ($-726M or -50.7%), Petroleum Gas ($-664M or -49.6%), and Coal Briquettes ($-638M or -91.6%).
