EXPORTS, IMPORTS, and TRADE BALANCE

KEY TRENDS

• Foreign investments in Chinese computer manufacturing and growth in the U.S. computer market led to an $11.8 billion rise in U.S. imports of computer hardware and peripherals from China.

• Foreign direct investment in China from other East Asian countries contributed to the $7.4 billion growth in U.S. imports of cell phones and other consumer electronics from China.

• Rapid expansion in China’s export sector has created demand for U.S. exports to China of manufacturing equipment and intermediate goods used in export processing.
  

TRADE SHIFTS in 2004 from 2003

• U.S. trade deficit: Increased $38.6 billion (31 percent) to $163.6 billion
• U.S. trade exports: Increased $5.9 billion (22 percent) to $32.6 billion
• U.S. trade imports: Increased $44.5 billion (29 percent) to $196.2 billion
  
  

LINKS

USITC PUBLICATIONS
International Economic Review

• Energy Use in China: Trends in Oil Demand and Imports

OTHER GOVERNMENT RESOURCES
U.S. Department of Energy, Energy Information Administration

• Country Analysis Brief - China

U.S. Department of State

• Background Note - China

U.S. Department of Commerce, Office of China Economic Area

• China Gateway

People's Republic of China, Ministry of Foreign Affairs

• Office of North America and Oceania

People's Republic of China, Ministry of Commerce

• Gateway to China's Business

Congressional Budget Office

• Economic Relationships Between the United States and China

SECTOR SHIFTS

| Agricultural Products | Forest Products | Chemicals and Related Products |
| Energy and Related Products | Textiles, Apparel, and Footwear |
| Minerals and Metals | Machinery | Transportation Equipment |
| Electronic Products | Miscellaneous Manufactures |

COUNTRY SHIFTS