CCTV News April 21st, the latest report issued by the US-China National Trade Commission in April stated that trade frictions have led to a sharp decline in U.S. exports to China in the past two years, and U.S. merchandise exports to China have dropped to 2011 The lowest level since. The report believes that exports to China are still very important to US economic growth, supporting nearly 1 million jobs in the United States. The growth of US exports to other markets has not fully compensated for the losses caused by the decline in exports to China.


Merchandise exports to China have fallen to their lowest level since 2011

The report states that after the US merchandise exports to China fell by 7% in 2018, It declined by 11.4% in 2019 to 104.8 billion US dollars. In 2019, only two-fifths of US states’ merchandise exports to China increased.

For example, Missouri sold $ 1.5 billion to $ 2 billion worth of goods to China every year from 2010 to 2017, but it fell below $ 1 billion in 2018 , Rebounded slightly in 2019. Since 2013, Washington State has sold more than US $ 11 billion worth of goods to China each year, but its exports to China fell to more than US $ 5 billion last year.

In terms of service exports, the growth rate of US service exports to China fell to 2.3% in 2017, and the growth of service exports to China continued to slow down to 1.6% in 2018 . Nonetheless, judging from the situation over the past 10 years, US exports of services to China have increased by 230% between 2009 and 2018, more than any other major market.

reports that, despite strong trade frictions and tariff issues, China is still the third largest market for US exports of goods and services. In 2019, China is still the US42 The top five export destinations in each state. This also reflects that China provides important business opportunities for American companies. Exports to China affect almost all US states, involve many industries, and create huge economic returns for many states.


Exports to China remain important stabilizers for US jobs

US exports to China support the employment and livelihoods of thousands of people across the United States The decline in exports to China has also had a negative impact on the employment situation. In 2017, exports of goods and services to China supported more than 1.1 million jobs across the United States. In 2018, this number dropped to 1.Less than 1 million.


The report believes that in 2018, trade friction with China caused the loss of more than 100,000 jobs in the United States. Unemployment rates have generally risen in 2018, and some states have been hit harder. Trade frictions affect the employment situation in the United States in many ways and affect the development prospects of all walks of life.

(Original title “Report of the US-China Trade Commission: Exports to China Support Nearly 1 Million U.S. Jobs”)