Mar 28, 2012

China: America's Third Largest and Fastest Growing (By Far) Export Market, 2000-2011

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Some highlights from the U.S.-China Business Council's recently released report "U.S. Exports to China: 2000-2011":

1. China is now the third-largest U.S. export market, and U.S. exports to China continue to expand rapidly. As a buyer of U.S. goods, China ranks behind only Canada and Mexico—two immediate neighbors with whom the United States has a regional free-trade agreement (see top chart above).

2. Between 2000 and 2011, total U.S. exports to China rose 542 percent, from $16.2 billion to $103.9 billion. Total U.S. exports to the rest of the world increased only 80 percent during this period (see bottom chart above).

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