China Accounting For Lowest Percentage Of U.S. Imports Since 2008

China Accounting For Lowest Percentage Of U.S. Imports Since 2008

U. S. imports from China in the month of October were higher than any other October, with the ... [+] exception of 2017 and 2018. But faster growth with other countries has lessened China's overall share of U. S. imports to the lowest level since 2008. China is accounting for a smaller percentage of U. S. imports than at any time since 2008, hit by a one-two — or, some would say, one-two-three — punch. Consequently, it is likely to finish as the nation's third-ranked trade partner for the second time in three years, after finishing first in 2015, 2016, 2017, 2018 and 2020. This is the third in a series of columns focused on each of the United States' top 10 trade partners. I previously wrote a column about Mexico, currently the nation's top-ranked trade partner, and Canada. Yet to come are posts on No. 4 Japan, No. 5 Germany, No. 6 South Korea, No. 7 United Kingdom, No. 8 Taiwan, No. 9 India and No. 10 Vietnam. These 10 account for two-thirds of all U. S. trade, with just the top three at better than 43%. All are based on my analysis of U. S. Census Bureau data.