China

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Changes in 2019 from 2018:

• U.S. total exports to China decreased by $13.5 billion (11.3 percent) to $106.6 billion.
• U.S. general imports from China decreased by $87.4 billion (16.2 percent) to $452.2 billion.
• U.S. merchandise trade deficit with China decreased by $73.9 billion (17.6 percent) to $345.6 billion.

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U.S. total exports to China decreased by $13.5 billion (11.3 percent) to $106.6 billion in 2019. Almost all this decrease can be attributed to the energy and related products, and transportation equipment sectors, where combined U.S. exports declined by $13.1 billion (36.1 percent) to $24.1 billion. Within the transportation equipment sector, U.S. exports of aircraft, spacecraft, and related equipment (TE013) declined by $7.7 billion (42.5 percent) to $10.5 billion in 2019. Within the energy and related products sector, U.S. exports of crude petroleum (EP004) were nearly halved, falling by $2.5 billion (46.6 percent) to $2.9 billion, while exports of natural gas and components declined by $1.4 billion (87.3 percent) to $210 million. While there were declines across most industry sectors, U.S. exports of agriculture products to China increased by $4.3 billion (41.5 percent) to $14.7 billion in 2019, driven primarily by an increase in U.S. exports of oilseeds[1] (AG032), swine and pork[2] (AG003), and edible nuts[3] (AG020).

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U.S. general imports from China decreased by $87.4 billion (16.2 percent) to $452.2 billion in 2019. U.S. imports from China decreased in all major industry sectors to varying degrees, with nearly half of the decrease coming from the electronic products sector. Specifically, U.S. imports of computers, peripherals, and parts (EL017) decreased by $19.1 billion (25.3 percent) to $56.3 billion in 2019. Additionally, U.S. imports of telecommunications equipment (EL002) declined by $12.7 billion (17.6 percent) to $59.4 billion in 2019.

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The U.S. merchandise trade deficit with China narrowed by $73.9 billion (17.6 percent) to $345.6 billion in 2019. This decrease was driven primarily by the electronic products sector where the deficit narrowed by $43.6 billion (23.3 percent). The miscellaneous manufactures sector also contributed to the declining deficit, narrowing by $12.6 billion (16.8 percent) in 2019. Lead by the 46.6 percent decrease in U.S. exports, the trade surplus in energy and related products narrowed by $4.2 billion (52.0 percent) in 2019. U.S. exports of agricultural products to China increased twice the amount as U.S. imports from China decreased, causing the trade surplus in agricultural products to widen by $6.5 billion (240.8 percent) in 2019.