US exports to China declined 4.3% year on year in 2023 amid trade tensions, says report

Led by a decline in agricultural goods and semiconductor shipments, the volume of American goods exported to China fell in 2023 amid continuing tensions between the world’s two largest economies, according to a report released on Tuesday.

The United States exported a total of US$144.9 billion in goods to China last year, marking a 4.3 per cent decline from a year earlier when the figure reached a record-high US$151.4 billion, said the report by the US-China Business Council.