The People’s Republic of China imported US$2.587 trillion worth of products bought from suppliers around the globe in 2024. That dollar amount results from a 25.8% increase from $2.057 trillion five years earlier during 2020. Year over year, the overall cost of China’s imports slowed to a 1.1% gain from $2.559 trillion in 2023. Based on the average exchange rate for 2024, … [Read more...] about China’s Top 10 Imports
Import News
China’s Top Trading Partners
The world’s best exporter as measured by overall sales, mainland China shipped US$3.575 trillion worth of products around the globe in 2024. That dollar amount results from a 38.1% increase in revenue compared to $2.588 trillion in 2020. Year over year, the overall value of mainland China’s exported products rose 5.5% from $3.389 trillion for 2023. The value of China’s total … [Read more...] about China’s Top Trading Partners
US Crude Oil Exports & Imports by State
Overall, the United States of America exported US$118.5 billion worth of exported crude oil around the world in 2024, flatlining via a 0.6% upturn compared to $117.8 billion for 2023. Imports of crude oil bought by the United States totaled $167.5 billion resulting from a 1.4% increase in US spending on crude petroleum compared to $165.2 billion one year earlier. The dollar … [Read more...] about US Crude Oil Exports & Imports by State
US Iron and Steel Imports by Supplier Countries
During 2023, the United States of America imported US$86.4 billion worth of goods related to iron and steel from its global trade partners. That total includes both iron and steel as materials plus products made from those metals. The total value of US iron and steel imports registered a 32.2% increase from $65.4 billion 5 years earlier in 2019. From 2022 to 2023, America’s … [Read more...] about US Iron and Steel Imports by Supplier Countries
America’s Top Trading Partners
The United States sold US$2.019 trillion worth of exports shipped to international markets in 2023. That dollar amount results from a 22.9% increase from $1.643 trillion in 2019, but reflects a -2.1% year-over-year decline compared to $2.063 trillion for 2022. To give some statistical perspective, America’s exports represent 8.2% of the overall value of all goods exported … [Read more...] about America’s Top Trading Partners