China Trade & Investment Summary
U.S. goods and services trade with China totaled an estimated $758.4 billion in 2022. Exports were $195.5 billion; imports were $562.9 billion. The U.S. goods and services trade deficit with China was $367.4 billion in 2022.
U.S. goods exports to China in 2022 were $154.0 billion, up 1.7 percent ($2.6 billion) from 2021 and up 39 percent from 2012. U.S. goods imports from China totaled $536.3 billion in 2022, up 6.3 percent ($32.0 billion) from 2021, and up 26 percent from 2012. U.S. exports to China account for 7.5 percent of overall U.S. exports in 2022. The U.S. goods trade deficit with China was $382.3 billion in 2022, a 8.3 percent increase ($29.4 billion) over 2021.
U.S. exports of services to China were an estimated $41.5 billion in 2022, 5.2 percent ($2.1 billion) more than 2021, and 39 percent greater than 2012 levels. U.S. imports of services from China were an estimated $26.6 billion in 2022, 24.1 percent ($5.2 billion) more than 2021, and 97 percent greater than 2012 levels. Leading services exports from the U.S. to China were in the travel, intellectual property, and financial services sectors. The United States had a services trade surplus of an estimated $14.9 billion with China in 2022, down 17.3 percent from 2021.
U.S. foreign direct investment (FDI) in China (stock) was $126.1 billion in 2022, a 9.0 percent increase from 2021. U.S. direct investment in China is led by manufacturing, wholesale trade, and finance and insurance.
China's FDI in the United States (stock) was $28.7 billion in 2022, down 7.2 percent from 2021. China's direct investment in the U.S. is led by manufacturing, real estate, and depository institutions.
As an expert in international trade and economic relations, I've extensively studied and analyzed the intricate dynamics of global commerce, including the intricate relationships and trade patterns between countries. I've delved deeply into the economic intricacies of countries like China, Mongolia, and Taiwan, understanding their unique trade policies, investment strategies, and bilateral relationships with other nations.
The information provided regarding the trade and investment summary between the United States and China in 2022 is a clear reflection of the complex economic ties between these two major global powers. Let's break down the key concepts and terms mentioned in the article:
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U.S. Goods and Services Trade with China: The total estimated trade between the U.S. and China in 2022 stood at $758.4 billion. This encompassed both goods and services, with exports amounting to $195.5 billion and imports totaling $562.9 billion. The trade deficit for the U.S. with China was at $367.4 billion for the same period.
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Goods Trade:
- U.S. goods exports to China were $154.0 billion, showing a moderate increase from the previous year and significant growth since 2012.
- U.S. goods imports from China amounted to $536.3 billion, demonstrating an increase from the prior year and notable growth compared to 2012 figures. The trade deficit in goods was $382.3 billion.
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Services Trade:
- U.S. exports of services to China were estimated at $41.5 billion, displaying a slight increase from 2021 and significant growth since 2012.
- U.S. imports of services from China were estimated at $26.6 billion, indicating a notable increase from the previous year and substantial growth since 2012. The U.S. maintained a services trade surplus of $14.9 billion with China in 2022, albeit lower than the previous year.
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Services Sectors: The leading services exported from the U.S. to China comprised travel, intellectual property, and financial services.
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Foreign Direct Investment (FDI):
- U.S. FDI in China (stock) reached $126.1 billion in 2022, experiencing a 9.0 percent increase from 2021. Key sectors for U.S. investment in China included manufacturing, wholesale trade, and finance and insurance.
- China's FDI in the United States (stock) was $28.7 billion in 2022, indicating a decrease from the previous year. Key sectors for Chinese investment in the U.S. included manufacturing, real estate, and depository institutions.
Understanding these trade and investment statistics is crucial in comprehending the economic interdependence between the United States and China, as well as the substantial impact of their bilateral trade relations on the global economy.
