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Non-Tech : Kirk's Market Thoughts
COHR 178.06+2.8%Jan 9 9:30 AM EST

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To: robert b furman who wrote (24192)5/1/2025 12:02:46 PM
From: #Breeze1 Recommendation   of 27007
 
China Exports to US
In 2024, China exported $438.9 billion worth of goods to the United States. The major categories of products, based on value and prominence in trade data, are:
  • Electronics and Electrical Equipment ($124.97 billion, 28% of total imports): Includes smartphones, laptops, lithium-ion batteries, and other consumer electronics. China supplies 76-78% of U.S. smartphones and laptops.
  • Machinery and Mechanical Appliances ($82 billion, 18% of total imports): Covers nuclear reactor parts, industrial machinery, and mechanical components used in various industries.
  • Toys, Games, and Sports Equipment ($30.03 billion, 7% of total imports): Encompasses a wide range of consumer goods like toys and sporting equipment.
  • Furniture, Lamps, and Prefabricated Buildings ($18.52 billion, 4% of total imports): Includes household furniture, lighting, and modular building components.
  • Plastics and Plastic Articles ($19.29 billion, 4% of total imports): Comprises various plastic goods, from packaging to consumer products.
  • Textiles and Apparel: Includes clothing, footwear, and other textile products, though specific values vary, these are consistently noted as significant.

These categories reflect China's role as a manufacturing hub for consumer and industrial goods, with electronics and machinery dominating due to global supply chain integration. Data is drawn from 2024 trade statistics, primarily from the U.S. International Trade Commission and related sources.

US Exports to China
These categories reflect the U.S.’s comparative advantage in high-tech manufacturing, agriculture, and energy, with exports totaling $143.5 billion in 2024.

The major categories of products the U.S. exports to China, based on recent trade data, include:
  • Agricultural Products:
    • Oilseeds and Grains: Soybeans, corn, and wheat are significant, with soybeans alone accounting for a substantial portion (e.g., 11.6% of U.S. exports to China in 2022, valued at $17.9 billion). China is the world’s largest importer of soybeans, primarily for livestock feed.
  • Energy Products:
    • Oil and Gas: Mineral fuels and oils, including crude oil and liquefied natural gas (LNG), are major exports, with $13.38 billion in 2024. Texas and Louisiana dominate these exports, contributing 96% of U.S. oil and gas shipments to China.
  • Electronics and Semiconductors:
    • Integrated Circuits and Semiconductors: Used in electronic device manufacturing, these made up 6.1% of exports in 2022 ($9.4 billion). Electrical machinery and TV parts also contribute significantly ($11.49 billion in 2024).
  • Aerospace Products:
    • Civilian Aircraft and Parts: Valued at $10.2 billion in 2024, though exports dropped significantly from $21.2 billion in 2018 to $5.5 billion in 2022 due to trade tensions. Washington state, home to Boeing, is a key exporter.
  • Machinery and Mechanical Appliances:
    • Nuclear Reactor Parts and Industrial Machinery: These include mechanical appliances and parts, valued at $10.47 billion in 2024, used in various industrial applications.
  • Pharmaceuticals and Chemicals:
    • Pharmaceutical Products: Including vaccines and blood, valued at $4.99 billion in 2024. Organic chemicals also contribute ($3.88 billion).
  • Vehicles and Parts:
    • Motor Vehicles and Parts: Cars, transport vehicles, and accessories totaled $6.14 billion in 2024.
  • Plastics and Related Products:
    • Plastics: Valued at $7.17 billion in 2024, used in manufacturing and packaging.
  • Optical and Medical Instruments:
    • Optical and Photographic Parts: These, including medical instruments, were worth $8.92 billion in 2024.
  • Meat and Other Food Products:
    • Meat Products: Including pork and beef, significant for China’s food market. Dairy, cotton, and other agricultural products like almonds and apples also contribute.
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