Title: USA Goods and Services Exports to China
1USA Goods and Services
Exports to China
Exports to China increased by 18 per cent in
2020, while exports to the rest of the world
fell by 15 per cent. The disparity in exports is
the result of Chinas early recovery from the
pandemic-induced economic slowdown.
2China remained the United States third-largest
goods export market in 2020. On average, USA
Export Data shows US goods exports to China have
been growing by 2.4 percent per year for the last
decade, which is faster than the rest of the
United States top goods markets.
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3As in 2019, the European Union, Taiwan, Japan,
and South Korea all continued to export more
goods to China than the United States in
2020. While the EU was the only top import source
to see an increase in 2019, it was also the only
top import source to see a decrease in 2020.
Imports from Taiwan, the United States, and Japan
increased 16, 10, and 2 percent, respectively,
while imports from South Korea stayed the same.
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4Most states exported more goods to China in 2020
than in 2019
Of the 35 states that exported more to China in
2020 than the year prior, nine saw exports
increase by quite 1 billion and another 19 saw
goods exports increase by quite 100 million.
China was the highest goods export marketplace
for four statesAlaska, Alabama, South Dakota,
and Oregonin 2020, up from only two in
2019. Oil and gas exports rebounded in Texas
(6.1 billion) and Louisiana (1.8 billion).
5- USA Import Export Data shows US states exported
over 18 billion more in goods to China in 2020
than in 2019, and Texas alone accounted for a
3rd of that increase. the many jumps in Texass
exports to China were powered by oil and gas
exportsthe state shipped around 6.3 billion in
oil and gas products, nearly 4 billion quite
the year before. - Contact Person- Deepak Pant
- Phone No- 91-9560057267
- Email- info_at_usaimportdata.com
- Website- https//www.usaimportdata.com/
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Uttam Nagar Delhi- 110059, India - Read More- USA Custom Data, USA Import Data,
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