US Exports To China Have Grown 294% Over The Past Decade
China bought nearly $109 billion worth of goods from the U.S. last year, according to a just-released report from the U.S.-China Business Council. And that didn’t even include Hong Kong, which alone imported a little more than $35 billion worth of goods from the U.S. in the same period.
China now ranks as the U.S.’ third-largest export market, with exports there growing 294 percent from 2003 to 2012. By comparison, U.S. exports to the rest of the world have grown only 111 percent in the same period.
Here’s a chart that plots how much U.S. exports to China grew from 2003 to 2012:
Here’s a chart that shows how much U.S. exports to other markets grew in the same period:
Here’s a chart that shows how much U.S. exports to other markets grew in the same period:
With demand from European markets weakening, China is gaining in importance to the U.S. economy. Here’s an infographic with more insights:
Since 2009, 12 states have more than doubled their exports to China, according to the report. These states are South Carolina, Alabama, Arkansas, Michigan, Alaska, West Virginia, Connecticut, Vermont, Nevada, Oklahoma, Wyoming and Georgia.
Here is an interactive map showing U.S. states color-coded by their total exports to China in 2012. A darker color means a higher value of total exports. Click on any state to see its top five exports to China.
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