SOURCE: The US-China Business Council

The US-China Business Council

April 21, 2010 09:00 ET

State Exports to China Resilient in 2009 Despite Recession; Strong Export Growth Emerging in 2010

WASHINGTON, DC--(Marketwire - April 21, 2010) -  States all across the country again showed the importance of exports to China during 2009, with 19 exceeding $1 billion in sales, according to the fourth annual survey of state exports by the US-China Business Council (USCBC).

"In the midst of a global recession, China continued to prove itself an important export market for US manufacturers and farmers," John Frisbie, USCBC president said. "As President Obama has said, exports mean jobs -- and China is one of our best markets."

For details on state-by-state data, see http://www.uschina.org/public/exports/2000_2009.

China is the third-largest US export market, after Canada and Mexico, with $69.6 billion in sales during 2009, down just 0.2 percent over 2008 -- by far the best record for a major US export market in 2009. US exports to the rest of the world combined fell nearly 20 percent in 2009.

"As we predicted last year, there was a decline in US exports in 2009 as a whole," Frisbie continued. "But China outperformed as an export market for US goods, despite the recession. In fact, as the year came to a close, US exports to China set monthly records in November and December and continued strong growth in the first two months of 2010." US exports to China through February, the most recent data available, are up 55 percent over the same period in 2009.

USCBC's report comes as some in Congress are focusing on China's currency policies and their alleged link to significant declines in US employment.

"There is no disagreement that China needs an exchange rate that better responds to China's global trade flows," Frisbie said. "But assertions that China's exchange rate is at the root of US job losses are built on the faulty assumption that every product imported from China would have been made in the US otherwise. That's simply not plausible." USCBC's full statement on a recent study concerning China trade and job losses can be found at http://www.uschina.org/public/documents/2010/03/flawed-study.html.

Some have further suggested that China's currency policies make US products less competitive, but the facts tell a different story: US companies continue to make high-quality products and sell them to China. US manufacturing and agricultural exports to China have jumped 330 percent since China joined the World Trade Organization nearly a decade ago, far outpacing the 29 percent growth in US exports to the rest of the world.

"The Obama administration has set an ambitious goal of doubling US exports in the next five years," Frisbie said. "Continuing our phenomenal growth in exports to China will be essential to meeting that target." USCBC is working closely with the Obama administration as well as directly with the PRC government to resolve market access barriers and further expand US sales to China. 

California remains the nation's export leader to China with $9.7 billion in exports for 2009, with Washington ($9.1 billion) and Texas ($8.9 billion) close behind. Nineteen states exceeded $1 billion in exports to China in 2009, up from 18 in 2008. Top exports nationally were computers and electronics, agricultural products, chemicals, and transportation equipment.

The USCBC (www.uschina.org) is the leading organization of US companies engaged in business with the People's Republic of China. Founded in 1973, the USCBC provides extensive China-focused information, advisory, and advocacy services, along with events, to over 200 US corporations operating within the United States and throughout Asia. 

Contact Information

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