USCBC Report Shows U.S. Exports To China Rose 542 Percent From 2010 To 2011

USCBC Report: Total Yearly US State Exports to China Pass $100 Billion for the First Time

US exports to China in 2011 total $103.9 billion 30 states now count China as one of their top three export markets

WASHINGTON, DC, March 28, 2012 – Today the US-China Business Council (USCBC) released its annual report on US State Exports to China, and China once again is America’s third-largest export market. As a buyer of US goods, China ranks behind only Canada and Mexico—two immediate neighbors with whom the United States has a regional free-trade agreement

“Exports to China are vital to America’s economic health and create good jobs for American workers,” said USCBC Vice President Erin Ennis. “Between 2000 and 2011, total US exports to China rose 542 percent, from $16.2 billion in 2000 to a record-breaking $103.9 billion in 2011. In addition, US exports to China recovered faster after the recession than exports to anywhere else in the world. Clearly, China is a market that is important to US companies’ bottom lines, even in tough economic times.”

“This nearly $88 billion increase in exports to China from 2000 to 2011 exceeded the increase to every other market for US goods and farm products, with the exception of Canada. US exports to Canada rose $102 billion over the same period, while US exports to Mexico rose $86 billion. Brazil was a distant fourth with just a $28 billion increase in purchases of US products,” Ennis said.

“Forty-eight states have registered at least triple-digit export growth to China since 2000, far outpacing exports to the rest of the world, and twenty of those states have experienced quadruple-digit growth,” Ennis said.

“American companies from every corner of the nation are exporting high-value computers, electronics, agricultural products, chemicals, transportation equipment, and machinery to an expanding marketplace in China,” Ennis concluded.

Key points: US states from across the country are benefitting from exports to China:

ü 48 states have registered at least triple-digit export growth to China since 2000, far outpacing growth in their exports to the rest of the world. Twenty of those states have experienced quadruple- digit growth.ü 10 states have at least doubled their exports to China since 2009, while three of these states— South Carolina, South Dakota, and Vermont—have more than tripled their exports to China in the past two years.

ü 30 states now count China as one of their top three export markets and 25 states exported more than $1 billion to China in 2011, with export categories reflecting a broad range of products.

For the complete report, visit: https://www.uschina.org/public/exports/2000_2011/full_state_report.pdf Top US State Exporters to China, 2011:

1. California 2. Washington 3. Texas 4. Louisiana 5. New York 6. Illinois 7. Pennsylvania 8. Georgia 9. Oregon 10. South Carolina 11. Ohio 12. Michigan 13. North Carolina 14. Alabama 15. Massachusetts

 

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About Alexander Gordin
An international merchant banking professional with over twenty years of business operating and advisory experience in the areas of export finance, international project finance, risk mitigation and cross-border business development. Clients include foreign governments, municipalities and state enterprises as well as Fortune 500 and small/medium enterprises. Strong entrepreneurial instincts, combined with leadership and strategic skills. Transactional and negotiations experience in over thirty five countries. Author of the highly acclaimed "Fluent in Foreign Business" book and creator of the "Fluent in OPIC", "Fluent in EXIM","Fluent In Foreign Franchising", "Fluent in FCPA",and "Fluent in USTDA" seminar/webinar series. Currently developing "Fluent In ......" seminars and publications. Co-author of the Fi3 Country Business Appeal Indices. Extensive international business development and project finance transaction experience in healthcare, aerospace, ICT, conventional and alternative energy infrastructure, distribution and hospitality industries. Experience managing international public and private corporations. Co-Founded three companies abroad. Strong Emerging and Frontier Market expertise. Published and featured in numerous publications including: The Wall Street Journal, Knowledge@Wharton, NBC.com, The Chicago Tribune, Industry Week, Industry Today, Business Finance, Wharton Magazine Blog, NY Enterprise Report, Success magazine, Kyiv Post and on a number of radio and television programs including: Voice of America, CNBC, CNNfn, and Bloomberg. Frequent speaker on strategy, cross-border finance and international business development. Executive MBA from the Wharton School at the University of Pennsylvania. B.S. in Management of Information Systems from the Polytechnic Institute of NYU. Specialties Strategic Management Advisory, Export Finance, International Project Finance & Risk Management, Cross-border Negotiations, Structured Finance transactions, Senior Government and Corporate officials liason

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