Top Twenty US Imports from China
US Imports from China
The data source: U.S.Department of Commerce, International Trade Commission
China is the second largest source of U.S.imports of merchandise ($243 billion in 2005) after Canada ($287 billion). China imports surpassed those of Mexico in 2003 and of Japan in 2002. China now accounts for over 14% of U.S.imports (2005), up from 12% in 2003, 8% in 1999, and 3% in 1990, although this share still falls short of Japan's 18% in the early 1990s.
In 2005, China was the fourth largest foreign supplier of iron and steel products to the United States (surpassing Russia, South Korea, Germany, and Japan), up from seventh place in 2003. In 2005, China also bought $445 million worth of iron and steel products from United States, making it the third largest market for U.S.exports of iron and steel.
Imports of machinery (including electrical) have soared from a total of $63.1 billion in 1999 to $271.3 billion in 2005. Such an increase in demand for machinery,however,has only a moderate effect on overall price. China's imports of mineral fuel,organic chemicals,iron and steel,ores,copper,cotton, and wood, however,can affect world prices, particularly when combined with rising world demand or tightening supplies. In 2004-2005,Chinese demand for mineral fuel,in particular,including crude petroleum added to upward world price pressures.
Top Twenty US Imports from China year of 2005, Unit:million of dollars
Office Machines,Data Processing ----------- 42,242
Telecom and Sound Equip ------------------ 34,249
Misc.Manufactured Articles ----------------- 33,573
Apparel and Accessories ------------------- 19,931
Electrical Machinery,Parts,and Appliances --- 18,102
Furniture and Bedding ---------------------- 13,187
Footwear ---------------------------------- 12,721
Manufactures of Metals -------------------- 10,110
General Industrial Machinery ---------------- 7,007
Textile Yarn,Fabrics ------------------------ 5,605
Travel Goods,Handbags --------------------- 4,658
Road Vehicles ------------------------------ 4,170
Building fixtures/Fittings -------------------- 4,143
Nonmetallic Mineral Manufactures ----------- 3,510
Professional & Scientific Instruments -------- 2,490
Iron and Steel ----------------------------- 2,354
Photographic Optical Equip,Watches,Clocks -- 2,176
MIsc.Low-Valued Items --------------------- 2,068
Cork and Wood(Non-Furniture) -------------- 2,006
Organic Chemicals ------------------------- 1,600
Power Generating Machinery --------------- 1,573
Paper Products ---------------------------- 1,535
As shown in the above list, among the top twenty US Imports from China in 2005 by dollar amount, the top six were office machines and automatic data processing machines, telecommunications and sound equipment, miscellaneous manufactured articles, apparel and accessories, electrical machinery, and furniture and bedding. The value of US Imports from China on office and data processing machines alone ($42.2 billion) exceeded total U.S.exports to China in 2005 ($41.8 billion).While U.S. imports in all these categories have increased, the most dramatic percentage changes have been not in traditional labor-intensive industries but in sectors that encompass advanced technology, such as office and data processing machines (up 284% between 2000 and 2005),telecommunications and sound equipment (245%),and general industrial machinery (234%).
- Source:U.S.Department of Commerce
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