Friday, May 1, 2009

China and US Trade

Mint has a visualization of trade relations between the US and China, and between those countries and the world.



Some numbers from the graphic:

Total US Exports: $1.38 Trillion
Total Chinese Exports: $1.47 Trillion
Total US imports: $2.19 Trillion
Total Chinese imports: $1.16 Trillion
Total US Exports to China: $71.4 Billion
Total Chinese Exports to the US: $337.8 Billion
Top destination for US exports: Canada ($261.4 Billion)
Top destination for Chinese exports: US; EU is next ($300.5 Billion)
Top source of US imports: China; Canada is next ($335.6 Billion)
Top source of Chinese imports: Japan ($152.1 Billion)

21 comments:

Chris said...

According to graphic
Total Chinese Exports to the US: $337.8 Billion

ebleyes said...

Total Chinese imports: $1.16 TrillionTotal Chinese Exports to the US: $1.47 TrillionTotal china exports couldn't be less than exports to the US.

P.S. Love your blog.

Chachy said...

Oops. Fixed it.

John Dearie said...

Annual U.S. exports to China ($71 billion) are roughly the same as U.S. exports to Japan ($67 billion). But China has TEN TIMES the population of Japan! If China's 1.3 billion people were to consume American-made goods and services at the same rate as Japanese consumers currently do, the U.S. would export more than $700 billion worth of stuff to China, turning a $267 billion deficit into a $430 billion surplus. The policy approach should be obvious -- to solve the trade imbalance, more concrete steps should be taken to activate the Chinese consumer (e.g., financial reform and modernization in China) and more aggressive diplomacy and negotiation should be pursued to further open up China to U.S. manufactures and service providers.

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