U.S. Exports to China Grow 542 Percent, Topped $100 Billion in 2011
U.S. exports to China grew 542 percent from 2000 to 2011, reaching a record $103.9 billion in 2011, said the US-China Business Council (USCBC) in its annual report on US State Exports to China, making China once again America's third-largest export market, ranking behind only Canada and Mexico.
Sign up for a free preview to unlock the rest of this article
If your job depends on informed compliance, you need International Trade Today. Delivered every business day and available any time online, only International Trade Today helps you stay current on the increasingly complex international trade regulatory environment.
USCBC Vice President Erin Ennis said: "U.S. exports to China recovered faster after the recession than exports to anywhere else in the world." He said the growth since 2000 exceeded the increase to every other market for U.S. goods and farm products, with the exception of Canada, and 48 states registered at least triple-digit export growth to China since 2000.
Top U.S. states exporting to China in 2011 were California ($14.2 billion), Washington ($11.2 billion), Texas ($10.9 billion), Louisiana ($7.3 billion), and New York ($4.5 billion), according to the report.