Xi arrives with US imports from China at US$27.1bn a month, down from US$50.4bn in August 2022
A chart like this most mornings, with last night’s Wall Street · Free, six mornings a week
The story behind it
Xi Jinping lands in Washington on Wednesday with the tariff truce six weeks from expiry Read the edition →On the calendar
The US releases that move markets, in New Zealand and Australian time. Economic calendar →
The story behind it
Xi Jinping lands in Washington on Wednesday with the tariff truce six weeks from expiry Read the edition →On the calendar
The US releases that move markets, in New Zealand and Australian time. Economic calendar →What the chart shows
When Xi Jinping and Donald Trump sit down on Thursday, the trade between their countries will be a good deal smaller than it was. US goods imports from China were US$27.1 billion in July 2026, the latest month FRED holds. In August 2022 the same measure was US$50.4 billion, and in June 2025 it had fallen to US$18.9 billion.
Each month from January 2022 to July 2026 is drawn on the line, from a zero baseline. November 2025, when the two sides signed the truce at Busan, is marked, and the months since show imports picking up from the lows of last year.
The truce holds US tariffs on Chinese goods where they are until November, and both sides have played expectations down. Sharespective's Monday edition sets out what each side brings to the table, from rare earths to Boeing.
The numbers
US goods imports from China each month, January 2022 to July 2026, in US$bn, via FRED. The tariff truce on the table when Xi meets Trump on Thursday runs out in November.
| US goods imports from China, monthly (US$bn) | |
|---|---|
| Jan 2022 | US$47.7bn |
| Feb 2022 | US$42.3bn |
| Mar 2022 | US$47.3bn |
| Apr 2022 | US$41.7bn |
| May 2022 | US$43.8bn |
| Jun 2022 | US$48.5bn |
| Jul 2022 | US$46.6bn |
| Aug 2022 | US$50.4bn |
| Sep 2022 | US$49.3bn |
| Oct 2022 | US$44.7bn |
| Nov 2022 | US$36.9bn |
| Dec 2022 | US$37.2bn |
| Jan 2023 | US$38.2bn |
| Feb 2023 | US$30.6bn |
| Mar 2023 | US$30.8bn |
| Apr 2023 | US$33.1bn |
| May 2023 | US$35.9bn |
| Jun 2023 | US$34.3bn |
| Jul 2023 | US$36.1bn |
| Aug 2023 | US$36.8bn |
| Sep 2023 | US$40.3bn |
| Oct 2023 | US$41.6bn |
| Nov 2023 | US$35.5bn |
| Dec 2023 | US$34.2bn |
| Jan 2024 | US$35.8bn |
| Feb 2024 | US$31.9bn |
| Mar 2024 | US$29.9bn |
| Apr 2024 | US$31.6bn |
| May 2024 | US$35.0bn |
| Jun 2024 | US$34.2bn |
| Jul 2024 | US$40.9bn |
| Aug 2024 | US$40.0bn |
| Sep 2024 | US$43.2bn |
| Oct 2024 | US$42.0bn |
| Nov 2024 | US$38.1bn |
| Dec 2024 | US$37.8bn |
| Jan 2025 | US$41.8bn |
| Feb 2025 | US$31.7bn |
| Mar 2025 | US$29.5bn |
| Apr 2025 | US$25.3bn |
| May 2025 | US$20.4bn |
| Jun 2025 | US$18.9bn |
| Jul 2025 | US$26.4bn |
| Aug 2025 | US$25.4bn |
| Sep 2025 | US$23.5bn |
| Oct 2025 | US$24.0bn |
| Nov 2025 | US$20.6bn |
| Dec 2025 | US$21.1bn |
| Jan 2026 | US$21.1bn |
| Feb 2026 | US$19.0bn |
| Mar 2026 | US$20.9bn |
| Apr 2026 | US$19.8bn |
| May 2026 | US$23.5bn |
| Jun 2026 | US$25.1bn |
| Jul 2026 | US$27.1bn |
55 rows: scroll the table for the rest.
How we make these charts: one chart a day from a story in the edition, drawn from the figures the story names and checked against the sources named on the chart before it is published. General information only, not financial advice.
