US exports to China have supported one million American jobs annually, a report released by the US-China Business Council (USCBC) on Monday (April 30) showed.
Over the last decade, US exports of goods to China increased by 86 per cent, compared with only 21-per-cent growth for the country’s exports to other places in the world, said the report.
China is the third largest market for US goods and services exports. Imports of goods from the United States rose by US$14 billion (S$18.6 billion) in 2017, twice as fast as US exports to the rest of the world.
US services exports to China grew by 12 per cent in 2016, while USA services exports to the rest of the world decreased by 0.6 per cent.
Trade with China has benefited most US states, the report showed. A total of 49 states have increased their goods exports to China in the past decade, with 17 states experiencing triple-digit growth since 2008.
e Straits Times