Bloomberg the Company

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Follow Us

Industry Products

Magazine

Why The Gap Won't Stop Growing


Can anything stop the Chinese export machine? In August the mainland's trade surplus hit $18.8 billion -- the fourth straight month with a record-setting gap. For the year to date, the surplus stands at $94.7 billion, 57% ahead of a year ago. Although China's imports jumped to a record $72 billion, exports surged nearly a third to -- yes, another record -- $90.8 billion. And much of that gap can be attributed to the vast quantities of goods shipped to eager American consumers. For the year, China's exports to the U.S. look set to approach $300 billion, up from $243 billion in 2005.

Just what are Americans buying? Numbers won't be available until 2007, but it's a safe bet that gizmos such as TVs and iPods were popular. U.S. Commerce Dept. data show that electronic gear was the largest category of imports from China last year. That's a big change from a decade ago, when low-tech manufactured goods dominated. Below, the true scope of America's imports from China.

By Nichola Saminather


The Aging of Abercrombie & Fitch
LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus