WASHINGTON/BEIJING -- China was likely knocked off the perch as the top exporter to the U.S. for the first time since 2006 last year, outpaced by Mexico as tensions between the world's two largest economies reshape supply chains.
American goods imports from China dropped more than 20% on the year for the January-November period, according to U.S. Commerce Department data released this week. China accounted for 13.9% of total U.S. imports, the smallest share since 2004, after peaking at more than 21% around 2017. U.S. exports to China have stayed roughly flat on the year.
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