U.S. goods exports to China surged last year by $18.5 billion, almost 18 percent over 2019. The surge follows near-decade lows in U.S.-China trade in 2019 and the conclusion of the U.S.-China Phase One trade agreement in January 2020, according to a study released Tuesday by the U.S.-China Business Council.
The study found 64 percent of U.S. congressional districts exported more goods to China in 2020 compared to the year prior, and 72 districts increased their exports by more than $100 million.
The increase was particularly sharp in the farming communities of the Midwest, oil-exporting regions in Texas and Louisiana, and Oregon’s semiconductor hub. When it comes to services exports to China, the data for which lag a year behind, most districts saw lower numbers in 2019 than they had seen in 2018.
The U.S.-China Business Council is a non-partisan trade association representing more than 260 US companies that do business with China from a wide range of industries.
NAFB News Service
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