SOURCE: The US-China Business Council

The US-China Business Council

April 04, 2011 16:40 ET

USCBC: State Exports to China Are Essential for the American Economy

"Nearly Half of US States Exported More Than $1 Billion Worth of Goods to China in 2010."

WASHINGTON, DC--(Marketwire - April 4, 2011) - The US-China Business Council (USCBC) released its annual US State Exports to China report, and China once again was one of the fastest growing markets for US manufactured and agricultural goods produced across the nation.

"Exports to China are an essential part of the US economy. China is our third-largest export market and is growing faster than many of our other major destinations for American manufactured goods and farm products," USCBC President John Frisbie said. "China ranks behind only our two immediate neighbors, Canada and Mexico. Over the last decade we have seen exports to China rise from $16.2 billion to $91.9 billion -- a 468 percent increase.

"It is important to note that large American companies aren't the only ones benefiting from this trade between the US and China. China is now the third-largest export market from American small- and medium-sized companies, too," Frisbie said. "American companies of all sizes are sending computers, electronics, agricultural products, chemicals, transportation equipment, and machinery to an ever growing consumer and business marketplace in China."

"What is most gratifying about this report is that nearly half of US states exported more than $1 billion worth of goods to China in 2010 -- more than three times the number of states that did so just five years ago," continued Frisbie. "Thirty states now count China as one of their top three export markets and forty-seven states have registered at least triple-digit growth to China since 2000."

For details on state-by-state data, visit http://www.uschina.org/public/exports/2000_2010/.

The US-China Business Council (USCBC) is a private, nonpartisan, nonprofit organization of roughly 225 American companies that do business with China. For nearly four decades, USCBC has provided unmatched information, advisory, advocacy, and program services to its membership. Through its offices in Washington, DC; Beijing; and Shanghai, USCBC is uniquely positioned to serve its members' interests in the United States and China.

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