Table Major US Merchandise Imports from China in 2017 in millions and

Table major us merchandise imports from china in 2017

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Table: Major US Merchandise Imports from China in 2017 ($ in millions and percentage change) Throughout the 1980s and 1990s, nearly all the US imports from China were low - value, labour intensive products, such as toys and games, consumer electronic products, footwear and textiles and apparel. However, over the past few years, an increasing proportion of US imports from China are more technological- ly advanced products. According to the US Census Bureau, the US imports of Products 2016 2017 Per cent Change 2016-2017 Communications Equipment 65,674 77,957 18.7 % Computer Equipment 52,180 58,609 12.3 % Miscellaneous Manufactured Commodities 34,408 36,497 6.1 % Apparel 25,483 24,559 -3.6 % Semiconductors & Other Electronic Compo- nents 18,903 23,158 22.5 % Household & Institutional furniture & Kitch- en Cabinets 16,535 18,222 10.2 % Household Appliances and Misc Machines 14,062 14,494 3.1% Footwear 14,620 14,074 -3.7% Plastics Products 12,319 13,771 11.8% Motor Vehicle Parts 13,117 13,533 3.2% Total 462,618 505,597 9.3% 4. China - US Trade Issues, Congressional Research Service, January 11, 2018 available at: https:/ /
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US - CHINA Trade War: Analyses of Deeper Nuances and Wider Implications 8 advanced technology products (ATP) from China in 2017 totalled $171.1 billion. Information and communications products were the largest US ATP im- port from China. ATP products accounted for 33.8 percent of total US merchan- dise imports from China. Some see the large and growing US trade deficit in ATP with China as a source of concern, contending that it signifies the growing international competi- tiveness of China in high technology. Others dispute this, noting that a large share of the ATP imports from China are in fact relatively low end technology products and parts, such as notebook computers, or are products that are assembled in China using imported high technology parts that are largely developed and/or made elsewhere. 5 Some analysts find a direct correlation between trade deficit and GDP growth in case of USA. Trade in Services China is a major US trading partner in services. In 2016, China was the fourth largest services trading partner at $69.6 billion, the third largest services export market at $53.5 billion and the 11th largest source of services imports at $16.1 billion. According to data from the Bureau of Economic Analysis, the US 5. Wayne M. Morrison, China - US Trade Issues ”, April 16, 2018, available at: https:// fas.org/sgp/crs/row/RL33536.pdf
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US - CHINA Trade War: Analyses of Deeper Nuances and Wider Implications 9 actually ran a surplus in the services trade with China in 2017 — to the tune of roughly $38.5 billion. When you factor that surplus into the two countries overall trade balance, the US ran a roughly $336 billion deficit with China last year — which means Trump s figure was off by about $164 billion. China as a Major Centre for Global Supply Chains Estimated Percentage Foreign Value – Added to China s Exports A joint study by the Organisation for Economic Cooperation and Develop- ment (OECD) and the WTO has sought to estimate trade flows according to the value that was added in each country. For example, the OECD/WTO study estimated that in 2011, 32.2 percent of the overall value of China
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