U.S. exports to China Up by 18% in 2020

U.S. exports to China Up by 18% in 2020. For more information on export to China, please call SINOLOBEN, service Email: sinoloben@sloben.com.  

The US-China Business Council issued a report on November 1 stating that US merchandise exports to China will increase by about 18% in 2020.

The report shows that in 2020, the total US merchandise exports to China reached 123.1 billion U.S. dollars, creating the second highest point in the past ten years, second only to 128 billion U.S. dollars in 2017.

According to the report, despite the tensions in bilateral relations, the rebound in exports to China has allowed China to maintain its position as the third largest export market for U.S. goods. In terms of service trade exports (data lags one year behind), the decline in 2019 caused China to fall from the third largest service export market in the United States to fourth.

In early 2020, the United States and China signed the first phase of the economic and trade agreement. The commodities most exported by the United States to China are rapeseed and grains, semiconductors and their parts, oil and natural gas, and automobiles.

For further information about China's imports & exports, please contact:

Ms. Linda Li

0086（0）21 3538 3306

sinoloben@thecustoms.com.cn

As food importer & food distributor based in Frankfurt and Shanghai, Sinoloben Europa Trading GmbH helps client export to China and bring your food products to International Expo, e.g. China International Import Expo (CIIE), the world's largest import-themed expo. Transferred from the network, such as intrusion and deletion.