U.S. exports to China reach historic $103.9 billion in 2011

[News_Editor]

U.S. exports to China reach historic $103.9 billion in 2011

2012-03-29 07:28:33 GMT+7 (ICT)

WASHINGTON, D.C. (BNO NEWS) -- The U.S.-China Business Council (USCBC) on Wednesday released its annual report on U.S. State Exports to China for 2011, showing that it surpassed $100 billion for the first time in history.

The announcement puts China as the third-largest export market for the United States, ranking only behind neighbors Canada and Mexico with whom the United States has a regional free-trade agreement. USCBC Vice President Erin Ennis underlined that exports to China are "vital to America's economic health and create good jobs for American workers."

Between 2000 and 2011, total U.S. exports to China rose 542 percent, from $16.2 billion in 2000 to a record-breaking $103.9 billion in 2011. The figures released on Wednesday also show that U.S. exports to China recovered faster after the recession than exports to anywhere else in the world.

"Clearly, China is a market that is important to U.S. companies' bottom lines, even in tough economic times," Ennis added, stating that from 2000 to 2011, exports increased by nearly $88 billion to China, which exceeded the increase to every other market for U.S. goods and farm products, with the exception of Canada.

"American companies from every corner of the nation are exporting high-value computers, electronics, agricultural products, chemicals, transportation equipment, and machinery to an expanding marketplace in China," Ennis said.

U.S. exports to Canada rose $102 billion over the same period, while US exports to Mexico rose $86 billion. Brazil was a distant fourth with just a $28 billion increase in purchases of U.S. products.

-- © BNO News All rights reserved 2012-03-29

[BEENTHEREDONETHAT]

Compare the in with the out over the years.

http://www.census.go...c5700.html#2008

2011 : U.S. trade in goods with China

NOTE: All figures are in millions of U.S. dollars on a nominal basis, not seasonally adjusted unless otherwise specified. Details may not equal totals due to rounding. Month Exports Imports Balance January 2011 8,078.1 31,349.6 -23,271.5 February 2011 8,437.2 27,278.7 -18,841.5 March 2011 9,518.8 27,601.4 -18,082.6 April 2011 7,971.0 29,567.1 -21,596.0 May 2011 7,817.8 32,781.3 -24,963.5 June 2011 7,729.9 34,387.4 -26,657.5 July 2011 8,170.9 35,125.5 -26,954.7 August 2011 8,408.1 37,363.8 -28,955.7 September 2011 8,367.1 36,423.7 -28,056.6 October 2011 9,736.5 37,806.6 -28,070.1 November 2011 9,936.6 36,808.2 -26,871.6 December 2011 9,706.6 32,841.7 -23,135.2 TOTAL 2011 103,878.6 399,335.1 -295,456.5

2005 : U.S. trade in goods with China

NOTE: All figures are in millions of U.S. dollars on a nominal basis, not seasonally adjusted unless otherwise specified. Details may not equal totals due to rounding. Month Exports Imports Balance January 2005 2,609.3 17,885.8 -15,276.5 February 2005 3,058.1 16,937.6 -13,879.5 March 2005 3,336.4 16,184.9 -12,848.6 April 2005 3,263.7 18,148.5 -14,884.8 May 2005 3,222.9 19,053.2 -15,830.3 June 2005 3,370.7 20,976.7 -17,606.0 July 2005 3,560.0 21,272.7 -17,712.7 August 2005 3,728.7 22,421.3 -18,692.6 September 2005 3,165.8 23,294.5 -20,128.7 October 2005 3,899.2 24,382.9 -20,483.7 November 2005 3,807.5 22,426.1 -18,618.6 December 2005 4,169.8 20,486.0 -16,316.2 TOTAL 2005 41,192.0 243,470.1 -202,278.1

NOTE: All figures are in millions of U.S. dollars on a nominal basis, not seasonally adjusted unless otherwise specified. Details may not equal totals due to rounding. Month Exports Imports Balance January 1995 744.9 3,450.6 -2,705.7 February 1995 1,085.5 3,001.5 -1,916.0 March 1995 1,070.1 2,910.4 -1,840.3 April 1995 896.4 3,148.3 -2,251.9 May 1995 831.0 3,654.9 -2,823.9 June 1995 946.7 3,960.7 -3,014.0 July 1995 985.7 4,311.8 -3,326.1 August 1995 881.4 4,804.7 -3,923.3 September 1995 959.6 4,584.1 -3,624.5 October 1995 1,097.4 4,714.3 -3,616.9 November 1995 1,124.7 3,868.0 -2,743.3 December 1995 1,130.3 3,133.9 -2,003.6 TOTAL 1995 11,753.7 45,543.2 -33,789.5

1985 : U.S. trade in goods with China

NOTE: All figures are in millions of U.S. dollars on a nominal basis, not seasonally adjusted unless otherwise specified. Details may not equal totals due to rounding.

Month Exports Imports Balance January 1985 319.2 293.1 26.1 February 1985 222.7 281.0 -58.3 March 1985 239.5 293.0 -53.5 April 1985 265.6 283.3 -17.7 May 1985 329.3 295.1 34.2 June 1985 280.9 348.7 -67.8 July 1985 383.1 344.4 38.7 August 1985 320.9 311.8 9.1 September 1985 339.1 391.8 -52.7 October 1985 377.1 385.5 -8.4 November 1985 316.3 327.5 -11.2 December 1985 462.0 306.5 155.5 TOTAL 1985 3,855.7 3,861.7 -6.0

Edited March 29, 2012 by BEENTHEREDONETHAT