Visualizing China's Dependence on U.S. Trade 🇨🇳🇺🇸

What We're Showing

China's total exports to the U.S., the share of China's exports that go to the U.S., and China's total exports excluding the U.S. in billions of USD.

Data sourced from UN Comtrade, China Custom, USITC via KKR as of Dec. 31, 2023.

Key Takeaways

• Consumer electronics represents China's highest U.S. export dependency at 22% of its exports. Among all sectors, it also shows the smallest gap between U.S. and non-U.S. exports, with non-U.S. exports ($339B) only 3.5 times larger than U.S. exports ($96B).
• Semiconductors exhibit one of the lowest U.S. dependencies at just 4% of China's exports, suggesting relatively limited exposure in this strategically important sector.
• Despite trade tensions, China maintains substantial export relationships with the U.S. across traditional manufacturing sectors, with home appliances (19%), textiles (17%), and optical/medical instruments (17%) showing notable U.S. market share.