U.S. - China Statistics Some Observations Dr. Andrew L. H. Parkes “Business Economics II”...
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Transcript of 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.
December 13, 2011December 13, 2011 BECO Day 5BECO Day 5 33
Exports From ChinaExports From China
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Table 1 continuedTable 1 continued
With the exception of 2009, the trade surplus with America became larger.
Overall U.S.-China Trade Balance
December 13, 2011December 13, 2011 BECO Day 5BECO Day 5 55
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
December 13, 2011December 13, 2011 BECO Day 5BECO Day 5 66
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%!
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Table 2: Top ExportsTable 2: Top Exports
Boeing for how long?
787 below
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Table 3: Top U.S. ImportsTable 3: Top U.S. Imports
Electrical
Machinery and
Equipment
Power
Generation
EquipmentFuan Topower Electrical Machiney CO.,LTD.
December 13, 2011December 13, 2011 BECO Day 5BECO Day 5 99
Table 3: Top U.S. ImportsTable 3: Top U.S. Imports
Electrical
Machinery and
Equipment
Power
Generation
Equipment
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Table 3: Top U.S. ImportsTable 3: Top U.S. Imports
Apparel (Significantly Less, yet still growing)
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Table 3: Top U.S. ImportsTable 3: Top U.S. Imports
• Toys, games, and sports
equipment
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Table 3: Top U.S. ImportsTable 3: Top U.S. Imports
• Furniture
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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
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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!
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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
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Shipbuilding in ChinaShipbuilding in China
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Table 6: China’s Top Table 6: China’s Top ImportsImports
Raw materials
Ores, slag and
ash – for
production
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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!
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China’s Raw Materials China’s Raw Materials ImportsImports
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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.
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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
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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
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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.
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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!
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Table 9: Import SuppliersTable 9: Import Suppliers
Japan, South Korea, and Taiwan lead
U.S. is also significant and growing well
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Table 9: Import SuppliersTable 9: Import Suppliers
Again the countries that pop out: Australia and Malaysia with over 50% growth rates!
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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
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Volume of world exports 1990-Volume of world exports 1990-20112011
1990=100 – Base Year for the Index1990=100 – Base Year for the Index