The volume of trade between the US and China has updated a historical record

US foreign trade with China rose to $690.59 billion in 2022, which was a new historical record, according to the US Bureau of Economic Analysis (BEA). At the end of last year, the American economy imported $536.75 billion worth of goods from China and exported goods worth $153.84 billion. By 2021, the figure increased by 5%. The previous high was recorded in 2018 – before the start of the trade wars, which were actively unfolding during the period when Donald Trump was the President of the United States.

China is the third country in terms of trade with the United States. The second place belongs to Mexico ($779.3 billion – export $324.38 billion, import $454.93 billion), the first – Canada ($793.84 billion – export $356.11 billion, import $437.73 billion). Thus, about 13%, one-seventh, of all US foreign trade is with China.