Report: 1Q U.S. Trade in Manufactures Flat; Chinese Trade Continues Climbing
Jun 5, 2013
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The trade gap between China and the United States continued to expand in the first quarter of 2013, according to a report from the Manufacturers Alliance for Productivity and Innovation (MAPI).
The Electrical Machinery and Appliance industry illustrates this expansion. U.S. exports in the Appliances industry segment were virtually flat, while Chinese exports in the Appliances industry segment were up significantly.
Exports in the Electrical Machinery and Appliance product category in 1Q 2013:
* United States: $26.6 billion, up from $26.5 billion in 1Q 2012
* China: $78.0 billion, up from $47.8 billion in 1Q 2012
MAPI said overall Chinese manufactured exports are on track to nearly double overall U.S. exports in 2013, with a surplus of more than $900 billion, compared to a U.S. deficit of $500 billion.
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