November 20, 2009—World Trade Center Utah
With trade issues near the top of President Obama’s agenda this week when he meets with Chinese government officials in Beijing, it seems worth looking at a report released by the US-China Business Council. The Council annually issues an analysis of U.S. exports to China to better inform the policy debate about trade with China and its impact on the U.S. economy.
According to the Council, China is Utah’s fifth-largest export market. The Beehive State exported $527 million to China from 2000-2008, according to the Council, which analyzed data from the U.S. Department of Commerce.
Utah’s top exports to China during the same period:
Computers and Electronics: $364 million
Waste and Scrap: $32 million
Processed Foods: $31 million
Transportation Equipment: $19 million
Machinery (except electrical): $15 million
China remains the third-largest export market for American-made products, behind only Canada and Mexico. U.S. exports to China totaled $71.5 billion in 2008. When exports to Hong Kong are included, the total rises to $93.1 billion.
California continues to be the largest exporter of goods and commodities to China, followed by Washington State, Texas, Louisiana, and New York. Key manufacturing states such as Ohio, Pennsylvania, Illinois, and Michigan also remained among the top 15 export states to China in 2008, as they were in 2007.
Top export products to China overall were computers and electronics (including components), agricultural products, chemicals, and transportation equipment.
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