China relies heavily on their importation of goods from the United States in order to keep its economy, industries and people supplied with the things they need. When examining basic international trade theory, we can see that countries Import Service goods when they are less expensive than their domestic production, of a higher quality than what is available domestically or if they are simply not available locally. With a major portion of the U.S.’s success being attributed to strength in agriculture, technology and energy, China is utilizing imports from the U.S. to satisfy their domestic demand for these products.
Key Products That China Imports from The United States.
- Soybeans
China is the world’s largest importer of U.S.-produced soybeans which are used for cooking oil and the feed of livestock.
- Aircraft
China imports passenger and cargo aircraft manufactured by Boeing among others.
- Integrated Circuits / Chips
Advanced electronic components that are used in phones, computers, and other types of machinery.
- Automobiles
Luxury and performance vehicles made by U.S. manufacturers.
- Agricultural Products
Agricultural products imported from the U.S. include corn, wheat, and numerous meat types.
- Medical Devices and Equipment
High quality machines and devices for use in medical settings.