U.S. - China U.S. - China Statistics Statistics Some Observations Some Observations Dr. Andrew L. H. Parkes Dr. Andrew L. H. Parkes “ “ Business Economics II” Business Economics II” 卜卜卜 卜卜卜
Mar 19, 2016
U.S. - China StatisticsU.S. - China StatisticsSome ObservationsSome Observations
Dr. Andrew L. H. ParkesDr. Andrew L. H. Parkes““Business Economics II”Business Economics II”
卜安吉卜安吉
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Table 1: Trends in ExportsTable 1: Trends in Exports U.S. export U.S. export
growth to growth to China was China was dropping dropping in 2007, in 2007, before the before the financial financial crisis crisis began.began.
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Exports From ChinaExports From China
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Table 1 continuedTable 1 continued
With the exception of 2009, the trade surplus with America became larger.
Overall U.S.-China Trade Balance
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Table 1 continuedTable 1 continued
At the end of 2010, the U.S.-China trade deficit was $273.1 billion
Or to look at it from the U.S. side, the trade deficit became larger
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Table 2: Top ExportsTable 2: Top Exports Electrical Machinery and
Equipment Power Generation Equipment Oil Seeds and oleaginous fruits -
Cooking Oils
Note Aircraft and Spacecraft will most likely become very small soon. Also note the increase in “Vehicle” Export growth to China at 134%!
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Table 2: Top ExportsTable 2: Top Exports
Boeing for how long?
787 below
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Table 3: Top U.S. ImportsTable 3: Top U.S. Imports Electrical Machinery and Equipment Power Generation Equipment
Fuan Topower Electrical Machiney CO.,LTD.
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Table 3: Top U.S. ImportsTable 3: Top U.S. Imports Electrical Machinery and Equipment Power Generation Equipment
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Table 3: Top U.S. ImportsTable 3: Top U.S. Imports Apparel (Significantly Less, yet still growing)
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Table 3: Top U.S. ImportsTable 3: Top U.S. Imports
• Toys, games, and sports
equipment
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Table 3: Top U.S. ImportsTable 3: Top U.S. Imports
• Furniture
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Table 4: China’s World Table 4: China’s World TradeTrade
Import growth recently was greater than export growth
> % change
(latest 3 years)
A Significant Trade Surplus yet falling
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China’s World TradeChina’s World Trade In examining China’s import growth, let’s In examining China’s import growth, let’s
notice the fact that oil was up 100% (not notice the fact that oil was up 100% (not from demand, from demand, pricesprices are up 100% from last are up 100% from last December), iron ore is up 42%, copper is up December), iron ore is up 42%, copper is up 63% (63% (the price of copper is up 274%the price of copper is up 274%) and ) and aluminum is up 164% - aluminum is up 164% - did quantity did quantity demanded change, just the prices or both??demanded change, just the prices or both??
– – A note to remember from 2009 as oil prices again are over $100!A note to remember from 2009 as oil prices again are over $100!
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Table 5: China’s Top ExportsTable 5: China’s Top Exports To the World - the same top three as to
America Notice the growth rates of 3 categories:
Iron & Steel, Ships & Boats, Vehicles
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Shipbuilding in ChinaShipbuilding in China
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Table 6: China’s Top Table 6: China’s Top ImportsImports
Raw materials Ores, slag and
ash – for production
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Table 6: China’s Top Table 6: China’s Top ImportsImports
Chemicals, copper, iron and steel Also medical equipment and opticsgrowth rates are high!
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China’s Raw Materials China’s Raw Materials ImportsImports
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Table 7: Trade PartnersTable 7: Trade PartnersU.S. is top, however the growth is least and Europe is NOT a country (yet!) The European
27 (EU) is bigger than the U.S., however.
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Table 7: Trade PartnersTable 7: Trade PartnersGreatest growth in Australia, Brazil, Malaysia and India, which makes sense yet still significantly less in the volume of trade
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Table 7: China’s Trade Table 7: China’s Trade PartnersPartners
Exports to ASEAN in
January and February,
2010 totaled 18.69
billion U.S. dollars, a
year-on–year increase of
52.9%, far faster than
that to the United States
and the European Union
in the same period.
Note the diversification in China’s Trade
Reported by China International Capital Corporation
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Table 8: Export DestinationsTable 8: Export Destinations
U.S. is top as expected
Hong Kong usually tends to be an intermediate destination for further export Of course much of HK – China trade
is mutually beneficial … to each other.
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Table 8: Export DestinationsTable 8: Export Destinations
Japan comes in lower but still significant
Europe as a group is large with Germany and the Dutch being strong economies but Italy at over 50% growth!
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Table 9: Import SuppliersTable 9: Import Suppliers Japan, South Korea, and Taiwan lead U.S. is also significant and growing well
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Table 9: Import SuppliersTable 9: Import Suppliers
Again the countries that pop out: Australia and Malaysia with over 50% growth rates!
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Growth in World Trade and GDP, Growth in World Trade and GDP, 2000-112000-11
a Figures for 2011 are projections, Source: WTO Secretariat.a Figures for 2011 are projections, Source: WTO Secretariat. Annual % changeAnnual % change
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Volume of world exports 1990-Volume of world exports 1990-20112011
1990=100 – Base Year for the Index1990=100 – Base Year for the Index