Overview In November 2022, United States exported $15.6B and imported $36.9B from China, resulting in a negative trade balance of $21.3B. Between November 2021 and November 2022 the exports of United States have decreased by $-493M (-3.07%) from $16.1B to $15.6B, while imports decreased by $-11.5B (-23.8%) from $48.4B to $36.9B.
Trade In November 2022, the top exports of United States to China were Soybeans ($3.95B), Crude Petroleum ($789M), Integrated Circuits ($784M), Vaccines, blood, antisera, toxins and cultures ($680M), and Aircraft Parts ($668M). In November 2022 the top imports of United States from China were Telephones ($4.58B), Computers ($3.74B), Video and Card Games ($1.38B), Electric Batteries ($1.24B), and Other toys ($950M).
Origins In November 2022 the exports of United States were mainly from Louisiana ($2.31B), Texas ($2.14B), Washington ($2.12B), California ($1.5B), and North Carolina ($740M), while imports destinations were mainly California ($9.83B), Illinois ($4.52B), Texas ($2.83B), Georgia ($1.78B), and New York ($1.6B).
Growth In November 2022, the decrease in United States's year-by-year exports to China was explained primarily by an decrease in product exports in Pig Meat ($-76.5M or -40.5%), Aircraft Parts ($-65.8M or -16.8%), and Recovered Paper ($-51.1M or -87.7%). In November 2022, the decrease in United States's year-by-year imports from China was explained primarily by an decrease in product imports in Rubber Footwear ($-129M or -33.3%), Trunks and Cases ($-127M or -41.5%), and Non-Knit Women's Suits ($-125M or -43.1%).