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China Imports and Exports by Product Type

China Imports and Exports by Product Type Juine 2020

Charts courtesy of the PIIE US-China phase one tracker: China’s purchases of US goods

Totals

  • Agricultural Imports: $8.7 Billion out of $36.6 Billion - 23.8%
  • Manufactured Goods: $30.3 Billion out of $110.8 Billion - 27.3%
  • Energy: $1.3 Billion out of $25.3 Billion - 6.2%
  • Uncovered: $16.2 Billion out of $45.6 Billion - 35.5%

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Those numbers should all be in the 50% range. None are close. 

Energy is not even out the door.

Soybeans are likely a bit better than it seems because the harvest is coming up and China may catch up a bit.

Collectively,  China’s purchases of all covered products were only at 47 percent (US exports) or 47 percent (Chinese imports) of their year-to-date targets.

Energy is the biggest drag but China is not close anywhere.

Mish