China supplies nearly eight in ten toys imported into the US

China is the world's largest toymaker, with 78.3% of toys imported into the US in 2024 coming from the country, valued at $9.8bn last year. In Guangdong province, factories like Mihox produce around 55 million toys annually for the American market; the factory receives about 20% of the US retail price, meaning for a $30 toy, the factory gets $6, with a typical profit margin of 3% to 10%.