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The following is a list and analysis of imports into the United States for 2020 and 2019 in millions of United States dollars. [1] [2] The United States imported $2,810.6 billion worth of goods and services in 2020, down $294.5 billion from 2019. This consisted of $2,350.6 billion worth of goods and $460.1 billion worth of services.
The following is a list of the exports of China. Data is for 2022, in billions of US$ , as reported by the Observatory of Economic Complexity . The top thirty exports are listed.
The U.S.–China Relations Act of 2000 is an Act of the United States Congress that granted China permanent normal trade relations (NTR) status (previously called most favoured nation (MFN)) when China becomes a full member of the World Trade Organization (WTO), ending annual review and approval of NTR.
The free trade agreement reduced tariffs on 7,881 product categories, or 90 percent of imported goods, to zero. [20] This reduction took effect in China and the six original members of ASEAN: Brunei, Indonesia, Malaysia, the Philippines, Singapore and Thailand. The remaining four countries were supposed to follow suit in 2015. [21]
As a whole, the total US trade deficit in goods and services — a measure of the difference between exports and imports — was $773.4 billion last year, a 19% decline from 2022.
China has become the world's second largest economy by GDP (Nominal) and largest by GDP (PPP). 'China developed a network of economic relations with both industrial economies and those constituting the semi-periphery and periphery of the world system.' [1] Due to the rapid growth of China's economy, the nation has developed many trading partners throughout the world.
This is a list of U.S. states, U.S. territories, and the District of Columbia by exports of goods and imports of goods as of 2018. [note 1] An export in international trade is a good or service produced in one country that is bought by someone in another country. The sum of the exports of the states is significantly lower than the value of the ...
Figures released Wednesday by the U.S. Commerce Department show that the value of goods imported by the United States from Mexico rose nearly 5% from 2022 to 2023, to more than $475 billion.