American exports to China soared to a record $120.8 billion in 2014, nearly a 100 percent five year jump, according to a new report.
While U.S.-China relations in the political world remain tense, the business world is going gangbusters, according to the new trade report from the U.S.-China Business Council.
The report, provided to Secrets, found that U.S. exports edged over last year’s record $120 billion to $120.8 billion, making China America’s No. 3 top export target behind Mexico and Canada.
And most states got into the action, said the USCBC: “Overall, 42 states experienced at least triple-digit export growth to China since 2005, and five states saw export growth of more than 500 percent over the same period,” said the report.
USCBC President John Frisbie added, “Over the past decade, U.S. exports to China have increased 198 percent; that is greater than growth to any of the other top ten U.S. export markets, including our two largest trading partners, Canada (47 percent growth) and Mexico (102 percent growth).”
Paul Bedard, the Washington Examiner’s “Washington Secrets” columnist, can be contacted at [email protected].
