U.S. trade in goods with China 2000-2014


by Xinyi Gu on May 3, 2015 | Views: 23 | Score: 0
ExportsImportsBalance
200016185.2100018.2-83833
200119182.3102278.4-83096.1
200222127.7125192.6-103064.9
200328367.9152436.1-124068.2
200434427.8196682-162254.3
200541192243470.1-202278.1
200653673287774.4-234101.3
200762936.9321442.9-258506
200869732.8337772.6-268039.8
200969496.7296373.9-226877.2
201091911.1364952.6-273041.6
2011104121.5399371.2-295249.7
2012110515.6425626.2-315110.6
2013121736.4440447.7-318711.3
2014124024466656.5-342632.5
Years
U.S. dollars (in millions)
Sources: census.gov
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Xinyi Gu
Xinyi Gu on May 3, 2015 2:34 PM said:

The chart shows that the U.S. trade deficit with China keeps growing because imports are rising faster than exports. Why is there a U.S. trade deficit with China? The United States imports consumer electronics, clothing and machinery from China. A lot of the imports are from U.S.-based companies that send raw materials to China for cheap assembly. When they are shipped back to the U.S., they are called imports even though they are profiting American-owned companies.