This morning, I was sent the link to a fantastic graph, one that depicts the US-China Trade Relationship. If you click on the image to the right, it will become larger, and you can just make out a few of the more interesting details. Note that green on the chart represents net exports (i.e., cash inflows), while red represents imports (i.e., cash outflows).
China exported to the U.S. $337.8 billion worth of goods for the year, while the the U.S. exported to China only $71.4 billion in goods. The ratio of 5:1 might alone seem significant, but the difference between inflows versus outflows is made even more stark when looking closer at the “Top 5″ exports of either nation to the other.
I’m going to list the “Top 5″ exports of each nation to the other, just for fun…
CHINA EXPORTS TO U.S.
Apparel and Footwear $52 Billion
Computers and Parts $52 Billion
Toys and Bicycles $29 Billion
Televisions $15 Billion
Furniture $13 Billion
Drumroll, please. And, now, for our own Top 5…
U.S EXPORTS TO CHINA
Soybeans $7 Billion
Semiconductors $6 Billion
Civilian Aircraft $4 Billion
Plastic Materials $3 Billion
Copper $2 Billion.
Oh, yeah. Let’s hear it for soybeans!