2015-03-07

China Accounts For 90% of U.S. Non-Energy Trade Deficit

The U.S. calculates trade figures in such a way that a good that is built in several countries, but goes through the final stage of production in China, counts as an import from China. China is therefore not as large a part of the trade deficit as it seems (and China's own trade data will dispute this result), but this is still a surprising figure:

Trade Deficit decreased in January to $41.8 Billion
The trade deficit with China increased to $28.6 billion in January, from $27.8 billion in January 2013. The deficit with China is a large portion of the overall deficit.
Petroleum trade deficit was around $10 billion, which makes the Chinese trade deficit 89.9% of the non-petroleum trade deficit.

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