Last Updated: December 16, 2021
The US is the top trading partner for China, the trade volume in 2020 reached $615.2 billion, the exports from China to the US represent 18.6% of the total overpassing by over 3 times the amount of trade with the fourth partner Japan which represents only 4.9% of the total.
Here we review 9 facts that will surprise you about China Manufacturing and its relation to the U.S.:
- The US is still China’s largest trade partner by country.[i]
- Average hourly compensation for a Chinese manufacturing worker $3.61[ii]
- Percent of China industry labor force is 28.7%.[iii]
- About 80 percent of world’s umbrellas are made in China[iv]
- Chinese suppliers make up 70-80 percent of the U.S. merchandise at Walmart.[v]
- 80% of artificial Christmas trees in the US are made in China.[vi]
- Nearly 90% of all toys sold in America are made in China.[vii]
- 1% percent of the US imported goods are manufactured in China[viii]
- China is now the 3rd largest trade partner of the US.[ix]
[i] https://www.worldstopexports.com/chinas-top-import-partners/
[ii] https://www.erieri.com/salary/job/factory-worker/china#:~:text=Salary%20Recap,education%20for%20a%20Factory%20Worker.
[iii] https://www.statista.com/statistics/270327/distribution-of-the-workforce-across-economic-sectors-in-china/
[iv] https://goalrunning.com/china-umbrella-industry-introduction/
[v] https://www.americanmanufacturing.org/press-release/fact-sheet-walmarts-made-in-america-pledge/
[vi] https://realchristmastrees.org/education/quick-tree-facts/
[vii] https://money.cnn.com/2017/03/06/smallbusiness/manufacturing-toys-american-plastic-toys/index.html
[viii] https://ustr.gov/countries-regions/china-mongolia-taiwan/peoples-republic-china
[ix] https://www.census.gov/foreign-trade/statistics/highlights/toppartners.html