Exports to China Surge to Record Level in Dec. ($10B); Exports to China Have Grown Faster (19%/yr.) Than Imports (13.8%/yr.) Since 2000
Updated with Annual Data: And as much as we continually hear about China's currency manipulation to artificially increase its exports to the U.S., the chart below shows something very interesting. When annual exports of China and imports from China are both normalized to equal 100 in January 2000 (when imports were $100 billion and exports were only $16 billion), we can see that exports to China have actually grown much faster (+19% per year) than imports from China (13.8% per year). We could also say that in 2000, there were $6.25 of imports from China for every $1 of exports to China, and by 2010 the ratio of China imports-to-China exports had fallen to 4.
HT: Robert Kuehl