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China-US Chemical Trade

The United States has the world’s most advanced chemical production technology, and has the world’s largest number of top chemical production enterprises, its Dow, Mobil, Leander Basell, DuPont, Eastman, Celanese and other enterprises, in the global chemical industry has a very important influence. Based on the influence of the U.S. in the global chemical industry, leading to the major countries represented by China, there are close international trade transactions of chemicals with the U.S. every year, including chemicals and energy products exported from China to the U.S., as well as high-end polyolefin products, new material products and light hydrocarbon energy products exported from the U.S. to China. Translated with www.DeepL.com/Translator (free version)

China-US Chemical Trade
China-US Chemical Trade

According to the international merchandise trade transactions with the United States in 2021, the following characteristics can be identified.

First, the types of international trade in chemicals between China and the U.S. are based on the structural characteristics and technical levels of the two chemical industries, where the technical level determines the types of products and the energy characteristics determine the scale of trade. For example, China exports a large amount of aviation kerosene to the U.S., which is the largest chemical product exported from China to the U.S. by statistics. China imports a large amount of coking coal, petroleum coke, liquefied propane and butane from the U.S. every year, and these products, too, are based on the unique energy structure of the U.S. Translated with www.DeepL.com/Translator (free version)

Second, the quantity of chemical products exported from China to the U.S. is higher than the quantity imported from China to the U.S. This also reflects that the diversification of the types of Chinese chemical industry is now gradually meeting the demand of the U.S. chemical industry, including not a few bulk chemicals and fine chemicals in the middle of the chemical industry chain, such as MDI, surfactants, paraffin, polyether, fluorine chemicals, amino acids, isocyanate products, etc. Translated with www.DeepL.com/Translator (free version)

Third, China’s annual imports of chemical products from the United States, in addition to U.S.-specific energy products, such as propane, butane, etc., there are a large number of polymer material products, such as polyethylene, polypropylene, polycarbonate, etc. These products, on the one hand, are based on China’s supply gap for such products, on the other hand, also mostly make up for the technical and market gaps in high-end grades of such products in China. Therefore, China’s imports of polymer material products from the United States are mostly concentrated in the high-end grades of products.

For the import market, China’s imports of coking coal from the U.S. were the largest, reaching about 10.18 million tons, accounting for 19% of China’s total coking coal imports. In addition, China imported 7.74 million tons of liquefied propane from the U.S. in 2021, accounting for more than 40% of China’s total imports, making it the most significant source of China’s liquefied propane imports.

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