China's export have risen dramatically. It exports in six hours today what it did in all of 1978. In 2010, China's exports increased more than 48% year-over-year. In May 2010 alone, Chinese exports totaled about $131.76 billion US Dollars (USD).
More Import-Export Facts:
- China's top export destination in 2009 was the United States, with the US importing more than $220 billion USD in goods from China.
- The country China imported from the most was Japan — more than $130 billion USD. The US was fourth in line to export to China, a little more than $77 billion USD in exports.
- Interestingly, China's top imports and top exports are from the same category: electrical machinery and equipment. It exported $301 billion USD in this category and imported almost $244 billion USD worth.
More Info: www.uschina.org
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What does china need to import that they don't have enough of and needs to import a lot more of and can't get? Please let me know.
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