2021 U.S. Exports To China Up 43% From Pre-Covid 2019, Imports At Record Level

2021 U.S. Exports To China Up 43% From Pre-Covid 2019, Imports At Record Level

Imports of medicine in pill form have grown in the first two months of 2021. A 43. 06% surge in exports to China is one of two pronounced changes in U. S. trade in early 2021, leaving the United States a miniscule 0. 05% below the 2019 pre-pandemic levels for its trade with the world, new data shows. While overall U. S. exports to the world were down $8. 47 billion, when comparing the first two months of 2021 to the same period of 2019, they were up $6. 7 billion to China. Why? China's economy fared far better than any other major world economy in recovering from the global pandemic. Exports were also up $1. 57 billion to South Korea from that pre-pandemic year. Why? The U. S. government's massive stimulus programs and policy decisions from the Federal Reserve that have kept the economy afloat “” and consumers and, to a lesser extent, businesses buying. One place from which U. S. imports are not surging? China. When compared to 2019, U. S. imports from China were down $10. 58 billion while they were up more than $1 billion from nine nations, more than $2 billion from four of those