Quote:
Originally Posted by Danube
Nope.
About 9.8% of China’s foreign trade in 2024 was with the United States. It's no longer in the 70's.
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In the early 2000s, the U.S. was a much larger destination for Chinese exports, often accounting for 20-25% of China’s total export market. By 2018, this had already dropped to around 19% of exports (still higher than the 2024 figure). Total trade (exports plus imports) with the U.S. made up a larger share as well—closer to 13-15% in the mid-2010s. The decline reflects China’s growing trade with regions like Southeast Asia, the EU, and Belt and Road countries, alongside trade war tariffs and supply chain shifts starting in 2018.
A 70% share would imply an overwhelming dependence on the U.S. market, which never materialized. China’s trade has always been spread across multiple partners—Hong Kong, Japan, Europe, and others—even before its modern diversification push. The U.S. influence was substantial but never approached that extreme level, even in the most U.S.-centric years.