Trade Data on China: US Exports Take a Hit
The Mercosur countries feeling the pinch of China’s economic rebalancing act with its cutbacks in imports (as we wrote yesterday in Mercosur’s Falling Currencies Failing to Lift Exports) are not alone: Any country that counts on China as a customer for its exports is likely sustaining losses … starting with the US, the top country of origin for China’s imports.
Our trade data on China shows downward trends for almost all of the top 10 COOs (ranked by CIF value) for China’s imports from the Americas:
Only Ecuador shows a gain from 4Q14 to 1Q15. The US decline of 8% between 4Q14 and 1Q15 looks modest compared to Brazil’s 33% drop.
What is China no longer buying from the US? Here are the 10 US export products that saw the biggest percentage drop in 1Q15 compared with the same period a year ago:
You may also be interested in our free reports on trade in the Americas:
- Quick Look @ US Import-Export Trade (5 Years)
- Quick Look @ Comunidad Andina (CAN) Trade 2014
- Quick Look @ Mercosur Trade 2014
- Quick Look @ NAFTA Trade 2014
- Quick Look @ Pacific Alliance Trade 2014
Date posted: July 28, 2015