U.S. - China Statistics Some Observations

1. U.S. - China StatisticsSome Observations Dr. Andrew L. H. Parkes “Business Economics II” 卜安吉

2. Table 1: Trends in Exports • U.S. export growth to China was dropping in 2007, before the financial crisis began. BECO Day 5

3. Exports From China BECO Day 5

4. Table 1 continued Overall U.S.-China Trade Balance With the exception of 2009, the trade surplus with America became larger. BECO Day 5

5. Table 1 continued Or to look at it from the U.S. side, the trade deficit became larger At the end of 2010, the U.S.-China trade deficit was $273.1 billion BECO Day 5

6. Table 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%! BECO Day 5

7. Table 2: Top Exports 787 below • Boeing for how long? BECO Day 5

8. Table 3: Top U.S. Imports • Electrical Machinery and Equipment • Power Generation Equipment Fuan Topower Electrical Machiney CO.,LTD. BECO Day 5

9. Table 3: Top U.S. Imports • Electrical Machinery and Equipment • Power Generation Equipment BECO Day 5

10. Table 3: Top U.S. Imports Apparel (Significantly Less, yet still growing) BECO Day 5

11. Table 3: Top U.S. Imports • Toys, games, and sports equipment BECO Day 5

12. Table 3: Top U.S. Imports • Furniture BECO Day 5

13. Table 4: China’s World Trade • Import growth recently was greater than export growth> % change • (latest 3 years) A Significant Trade Surplus yet falling BECO Day 5

14. China’s World Trade • In examining China’s import growth, let’s notice the fact that oil was up 100% (not from demand, prices are up 100% from last December), iron ore is up 42%, copper is up 63% (the price of copper is up 274%) and aluminum is up 164% - did quantity demanded change, just the prices or both?? • – A note to remember from 2009 as oil prices again are over $100! BECO Day 5

15. Table 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 BECO Day 5

16. Shipbuilding in China BECO Day 5

17. Table 6: China’s Top Imports Raw materials Ores, slag and ash – for production BECO Day 5

18. Table 6: China’s Top Imports Chemicals, copper, iron and steel Also medical equipment and optics growth rates are high! BECO Day 5

19. China’s Raw Materials Imports BECO Day 5

20. Table 7: Trade Partners U.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. BECO Day 5

21. Table 7: Trade Partners Greatest growth in Australia, Brazil, Malaysia and India, which makes sense yet still significantly less in the volume of trade BECO Day 5

22. Table 7: China’s Trade Partners 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 BECO Day 5

23. Table 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. BECO Day 5

24. Table 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! BECO Day 5

25. Table 9: Import Suppliers • Japan, South Korea, and Taiwan lead • U.S. is also significant and growing well BECO Day 5

26. Table 9: Import Suppliers Again the countries that pop out: • Australia and Malaysia with over 50% growth rates! BECO Day 5

27. Growth in World Trade and GDP, 2000-11 a  Figures for 2011 are projections, Source: WTO Secretariat.Annual % change BECO Day 5

28. Volume of world exports 1990-20111990=100 – Base Year for the Index BECO Day 5