President Donald Trump in 2018 began setting tariffs and other trade barriers on China with the goal of forcing it to make changes to what the U.S. says are “unfair trade practices” and intellectual property theft.

The U.S. depends heavily on China for providing the low-cost goods that enable income-constrained American consumers to make ends meet. The U.S. also depends on China to support its own exports; next to Mexico and Canada, China is America’s third largest and by far its most rapidly growing major export market.

China wields by far the world’s largest military, with 2.8 million soldiers, sailors and airmen—twice the American number. (The United States is number two; the only other countries with more than a million active duty troops are China’s neighbors—Russia, India and North Korea.)

The U.S. and China have been major trading partners for years, and they rely on each other’s supply chain for input into goods and services consumed within their borders.

What would happen to China’s economy if America completely stopped buying it’s exported products? … Around 4% of China’s GDP and 3% of America’s GDP would temporarily disappear and then reappear as increased Chinese exports to Europe/Russia/Africa/India and increased US imports from those regions.

The top goods exported from China to the U.S. and their total values for 2018 were electrical machinery ($152 billion), machinery ($117 billion), furniture and bedding ($35 billion), toys and sports equipment ($27 billion), and plastics ($19 billion).

China’s Top Trading Partners

• United States: US$418.6 billion (16.8% of China’s total exports)
• Hong Kong: $279.6 billion (11.2%)
• Japan: $143.2 billion (5.7%)
• South Korea: $111 billion (4.4%)
• Vietnam: $98 billion (3.9%)
• Germany: $79.7 billion (3.2%)
• India: $74.9 billion (3%)
• Netherlands: $73.9 billion (3%)

China is the leading supplier for every import category for the United States. Its top three import product categories are the same for the U.S. overall: Machinery & Electrical, followed by Miscellaneous, then Textiles.

China’s Top Imports

• Crude petroleum – $208 billion.
• Iron ore – $59.2 billion.
• Petroleum gas – $44.2 billion.
• Gold – $36.9 billion.
• Soybeans – $33,8 billion.

China, Canada and Mexico are the country’s largest trading partners, accounting for nearly $1.9 trillion worth of imports and exports.

The United States is the world’s largest trading nation, with over $5.6 trillion in exports and imports of goods and services in 2019.

Also shown is each import country’s percentage of total American exports.

• Canada: US$255.1 billion (17.8% of total US exports)
• Mexico: $212.7 billion (14.9%)
• China: $124.6 billion (8.7%)
• Japan: $64.1 billion (4.5%)
• United Kingdom: $59 billion (4.1%)
• Germany: $57.8 billion (4%)
• South Korea: $51.2 billion (3.6%)

China

U.S.-Russia Trade Facts Russia is currently our 26th largest goods trading partner with $28.0 billion in total (two way) goods trade during 2019. Goods exports totaled $5.8 billion; goods imports totaled $22.3 billion. The U.S. goods trade deficit with Russia was $16.5 billion in 2019.

U.S. petroleum imports from Russia 2000-2019. In 2019, the United States imported an average of 515,000 barrels of petroleum per day from Russia.

Crude Petroleum

Russian main exports are energy (oil and petroleum products, gas, coal), rolled steel, ferrous and nonferrous metals and minerals. The greater part of Russian exports belongs to oil and petroleum products. Other leading exports are natural gas, timber, fertilizers, machinery and equipment, armaments.

Top 10

• Machinery including computers: US$43.1 billion (18.6% of total imports)
• Electrical machinery, equipment: $30.2 billion (13%)
• Vehicles: $18.4 billion (7.9%)
• Pharmaceuticals: $10.8 billion (4.7%)
• Plastics, plastic articles: $9.3 billion (4%)
• Optical, technical, medical apparatus: $8.1 billion (3.5%)

Searchable List of Russia’s Most Valuable Export Products