U.S. - China Statistics Some Observations Dr. Andrew L. H. Parkes “Business Economics II”...

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

December 13, 2011December 13, 2011 BECO Day 5BECO Day 5 22

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.


Exports From ChinaExports From China


Table 1 continuedTable 1 continued

With the exception of 2009, the trade surplus with America became larger.

Overall U.S.-China Trade Balance


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


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%!


Table 2: Top ExportsTable 2: Top Exports

Boeing for how long?

787 below


Table 3: Top U.S. ImportsTable 3: Top U.S. Imports

Electrical

Machinery and

Equipment

Power

Generation

EquipmentFuan Topower Electrical Machiney CO.,LTD.



Electrical

Machinery and

Equipment

Power

Generation

Equipment



Apparel (Significantly Less, yet still growing)



• Toys, games, and sports

equipment



• Furniture


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


China’s World TradeChina’s World Trade

In examining China’s import In examining China’s import growth, let’s notice the fact that oil growth, let’s notice the fact that oil was up 100% (not from demand, was up 100% (not from demand, pricesprices are up 100% from last are up 100% from last December), iron ore is up 42%, December), iron ore is up 42%, copper is up 63% (copper is up 63% (the price of the price of copper is up 274%copper is up 274%) and aluminum is ) and aluminum is up 164% - up 164% - did quantity demanded did quantity demanded change, just the prices or both??change, just the prices or both?? – A – A note to remember from 2009 as oil prices again are $95!note to remember from 2009 as oil prices again are $95!


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


Shipbuilding in ChinaShipbuilding in China


Table 6: China’s Top Table 6: China’s Top ImportsImports

Raw materials

Ores, slag and

ash – for

production


Table 6: China’s Top Table 6: China’s Top ImportsImports

Chemicals, copper, iron and

steel

Also medical equipment and

optics

growth rates are high!


China’s Raw Materials China’s Raw Materials ImportsImports


Table 7: Trade PartnersTable 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.


Table 7: Trade PartnersTable 7: Trade Partners

Greatest growth in Australia,

Brazil, Malaysia and India,

which makes sense yet still

significantly less in the volume

of trade


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


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.


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!


Table 9: Import SuppliersTable 9: Import Suppliers

Japan, South Korea, and Taiwan lead

U.S. is also significant and growing well


Table 9: Import SuppliersTable 9: Import Suppliers

Again the countries that pop out: Australia and Malaysia with over 50% growth rates!


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


Volume of world exports 1990-Volume of world exports 1990-20112011

1990=100 – Base Year for the Index1990=100 – Base Year for the Index

U.S. - China Statistics Some Observations Dr. Andrew L. H. Parkes “Business Economics II”...

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