Overview In March 2024, United States exported $12.8B and imported $29.9B from China, resulting in a negative trade balance of $17.2B. Between March 2023 and March 2024 the exports of United States have decreased by $-1.41B (-9.94%) from $14.2B to $12.8B, while imports decreased by $-849M (-2.76%) from $30.8B to $29.9B.
Trade In March 2024, the top exports of United States to China were Soybeans ($3.46B), Crude Petroleum ($676M), Petroleum Gas ($481M), Integrated Circuits ($469M), and Packaged Medicaments ($443M). In March 2024 the top imports of United States from China were Telephones ($5.95B), Computers ($3.17B), Electric Batteries ($1.64B), Other toys ($958M), and Video and Card Games ($914M).
Origins In March 2024 the exports of United States were mainly from Texas ($1.94B), California ($1.34B), Louisiana ($1.14B), Washington ($854M), and North Carolina ($742M), while imports destinations were mainly California ($7.62B), Texas ($2.61B), Illinois ($2.6B), Tennessee ($1.5B), and New York ($1.34B).
Growth In March 2024, the decrease in United States's year-by-year exports to China was explained primarily by an decrease in product exports in Integrated Circuits ($-402M or -46.1%), Machines and apparatus of a kind... ($-226M or -47.5%), and Raw Cotton ($-196M or -69.6%). In March 2024, the decrease in United States's year-by-year imports from China was explained primarily by an decrease in product imports in Computers ($-1.39B or -30.5%), Vaccines, blood, antisera, toxins and cultures ($-539M or -94.8%), and Other toys ($-460M or -32.4%).
