August 06, 2012
Report: US exports to China outpace rest of the world
Nearly all congressional districts showed higher growth in exports to China last year than they did to all other markets around the world.
All told, 420 out of 435 had improved growth to China, according to a report by the U.S.-China Business Council.
"China is the third-largest U.S. export market and continues to provide growing opportunities for U.S. businesses, whether large or small,” USCBC Vice President Erin Ennis said.
During the last decade, the growth in U.S. exports to China was broad-based and widely shared among congressional districts.
Overall, exports have increased by $88 billion from 2000 to 2011, the report showed.
In 2011, 385 congressional districts, or 89 percent, had increased exports to China.
Between 2002 and 2011, 418 congressional districts experienced triple-digit growth.
Only exports to Canada were higher from 2000 to 2011, up $102 billion compared with the rise with Mexico of $86 billion. Brazil was fourth, with just a $28 billion increase in purchases.
“Equally important is that the gains in exports to China are felt widely throughout the country,” Ennis said.
"Even in states that have mixed export stories over recent years — such as Florida and New Hampshire — exports from congressional districts to China generally grew faster than those to the rest of the world."
The USCBC reported earlier this year that between 2000, the last full year before China joined the World Trade Organization, and 2011, U.S. exports to China rose 542 percent, to $103.9 billion from $16.2 billion.
Top exports to China in 2011 included agricultural products, computers and electronics, chemicals and transportation equipment, primarily aerospace and autos.
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