U.S. vs. China Exports

According to a report from the Manufacturers Alliance for Productivity and Innovation (MAPI), the trade gap between the U.S. and China continues to expand. Chinese manufactured exports are on track to nearly double U.S. exports this year, with a trade surplus of more than $900 billion, compared with a U.S. deficit of $500 billion.

A recent article in Industry Week states that at $299 billion, U.S. manufacturing exports in the first quarter of 2013 were the same as in 2012, and the trade deficit increased by only $2 billion to $109 billion. Chinese exports, in striking contrast, rose by 19% over the same period, to $484 billion, while the trade surplus soared by 28% to $175 billion.

Exports for the nine largest high-technology industries, which account for over half of total exports for both countries, recorded an increase of $40.3 billion for China from the first quarter of 2012 to the first quarter of 2013, and a disturbing $1.4 billion decline for the United States.

The report notes that U.S.-China bilateral manufacturing trade is extremely unbalanced, with U.S. imports from China at least six times larger than U.S. exports to China. To see the MAPI report, go to this web page. To see the Industry Week article, go to this web page.