4/2008:
Meanwhile China’s trade surplus with Europe is on the rise – perhaps the result of a RMB/EUR that has fallen along with the dollar. See: “Imbalances and US-China Codependency”, “Will China Keep Buying US Assets? Which Will It Buy?” and “China's Trade Surplus Narrowing As Exports Slow: Still Large”
In other words, China is decreasing imports from Europe. "Over the last three months, China imported an average of $9.7 billion a month from Europe, a figure that was almost 5 percent lower than imports in the same three months of 2006. It was China’s biggest year-over-year decline in imports from Europe since 1998, when China was only a marginal presence in world trade, rather than the dominant force it has become." see more: http://www.nytimes.com/2007/11/17/business/worldbusiness/17charts.html
from 2005 data:
Top Countries China Exports To
- United States = $162.9 (+30%)
- Hong Kong = $124.5 (+23%)
- Japan = $84 (+14%)
- South Korea = $35.1 (+26%)
- Germany = $32.5 (+37%)
- Netherlands = $25.9 (+40%)
- United Kingdom = $19 (+27%)
- Singapore = $16.6 (+31%)
- Taiwan = $16.6 (+22%)
- Russia = $13.2 (+45%)
Top Countries China Imports From
- Japan = $100.5 (+9%)
- South Korea = $76.8 (+23%)
- Taiwan = $74.7 (+15%)
- United States = $48.7 (+9%)
- Germany = $30.7 (+1%)
- Malaysia = $20.1 (+11%)
- Singapore = $16.5 (+18%)
- Australia = $16.2 (+40%)
- Russia = $15.9 (+31%)
- Thailand = $14 (+21%)
China's Trade Surpluses by Country
- United States = +$114.2 ($162.9-$48.7)
- Germany = +$1.8 ($32.5-$30.7)
- Singapore = +$0.1 ($16.6-$16.5)
China's Trade Deficits by Country
- Taiwan = -$58.1 ($16.6-$74.7)
- South Korea = -$41.7 ($35.1-$76.8)
- Japan = -$16.5 ($84.0-$100.5)
- Russia = -$2.7 ($13.2-$15.9)
Compare with USA trade data
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