China’s financing and investment spread across 61 BRI countries in 2023 (up...
2024-02-27 31 英文报告下载
The latest data on US exports to China paint a picture of extremes. In 2021, as global trade continued recovering from the pandemic, goods exports to China grew by 21 percent to an all-time high of $149.2 billion. On the other hand, in 2020, the latest year of services data available, services exports to China contracted by 33 percent to $37 billion. This was the lowest amount since 2013, reflecting the devastating impact of the pandemic on travel and education. When it comes to jobs supported by US exports to China, the bump in 2020 goods exports from tariff relief did not make up for the pandemic’s impact on services exports. The number of US jobs supported by both goods and services exports to China stood at just over 858,000 in 2020, roughly 44,000 fewer than in 2019, a five percent drop.The United States saw goods exports to China reach an all-time high in 2021, propelled by growing sales of oilseeds and grains, semiconductors, and oil and gas, among other goods.
Though the top-line categories of US goods exports to China get the most media attention, the array of goods that US businesses ship to China is expansive.In 2021, US farmers sent $4.8 billion more in oilseeds and grains—crops such as soybeans, wheat, and corn— to China than they did the year before, bringing the latest total to $21.9 billion. Illinois, Iowa, Kansas, and Nebraska each saw their exports of these products grow by more than half a billion dollars last year. Unlike some more geographically concentrated industries—such as semiconductors, for example—the United States’ top goods export to China supports a relatively wide swath of states. Ten states had oilseed and grain exports of more than a billion dollars, and another 14 had more than $100 million. At the congressional district level, five districts exported over a billion dollars of oilseeds and grains—though two of those are at-large districts—and another 42 exported over $100 million.
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