What is the USA’s trade balance with China & Russia?

Apr 6, 2022 | Ask "Z" Economist

During 2021, the US imported $355 billion more than it exported to China. Notably, this balance previously had been improving from a high of $418 billion in 2018 until it hit a low of $310 billion in 2020

The tables below show how dependent the US is on China’s manufacturing, with US imports of electronics and machinery exceeding its exports to China by almost 7x.

 

 

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