The U.S. is one of the biggest importers of Chinese goods and services, and the amount of these goods is steadily rising. According to the Census Bureau, the total amount of Chinese goods and services imported into the United States is expected to reach $434.7 billion in 2020. This represents an increase of 19 percent from 2010 and a staggering 325 percent increase since 2001. While Chinese goods account for a large share of the overall U.S. import market, electronics are the largest single category. Other popular goods include toys, sports equipment, furniture and bedding, and miscellaneous textile articles.

Exports to China benefit almost all US states and industries. Moreover, in 2020, 45 US states will export more goods than they did in 2019, including oil and gas. Texas’s exports to China soared by $6.3 billion, largely due to fossil fuel sales. Louisiana also saw an increase in exports, driven largely by fossil fuels. The oil and gas industry in Louisiana is particularly reliant on the Chinese state-owned firms, and their sales will likely lead to further growth in the state’s economy.

Travel has consistently been the most lucrative export for the United States. This category accounts for the majority of the money spent by Chinese tourists in the United States. There are several categories that fall under this category, and all of them contribute to the overall US export to China. In 2018, the number of Chinese tourists visiting the U.S. fell by eight percent, while personal travel declined by 10 percent. Bilateral tensions may have contributed to the declines.

The Economic and Trade Agreement Between the United States and the People’s Republic of China phase one went into effect on February 14 of this year. In addition to increasing the US export to China by $200 billion, the number of US companies selling oil and gas products has also increased. In 2019, Texas boosted its exports by nearly $12 million to a record $514 million. However, in terms of growth, travel is not the only export that benefits the US economy.

In terms of services, the US consistently ranks at the top in the world when it comes to trade with China. Travel accounts for the majority of money spent by Chinese tourists in the U.S., and several categories fall under this category. Among US goods and services exported to China, the top three categories include business and health travel, as well as personal travel. The latter category also shows the slowdown in visas in recent years, and the declines in the last year reflect the bilateral tensions in the country.

Travel is the largest US service export to China. US travels account for the majority of the money spent by Chinese visitors in the US. Other categories include health care and automobiles. In 2018, business and personal travel declined ten percent to $3.6 billion and personal travel declined eight percent to $9.4 billion. The two countries’ strained relations may have hampered travel, but they are still worth a significant amount to the US economy.

While US exports to China are relatively small, their impact on the American economy is considerable. The Chinese economy benefited from the growth in the US’s exports. The United States was the top destination of foreign tourists in 2017, with the largest share of the Chinese market. While the US and China’s trade is still small, the bilateral relationship is a major force in global commerce. The country’s exports to other countries are growing at an unprecedented pace.

The US exports to China are vital for nearly every industry and state. The country’s top five goods exports to China are oil and gas products, which are both essential for life. In the United States, travel is an important source of jobs. Despite the growing trade deficit, the US’s economy benefits in many other ways. The US is the largest exporter of cars in the world to China. The United States imports of these products and services to other countries in the world.