How Much Does It Cost To Buy An Old Frieghter China Imports to the United States

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China Imports to the United States

China has earned a strong reputation as a manufacturer of low-cost products, which are popular in consumer markets around the world.

The largest foreign market is the United States of America, China’s pre-eminent trading partner. Trade has been steadily increasing between the two countries and, despite the impact of the global trade slowdown, is expected to remain strong in the medium to long term. Hence, freight transport between the two countries is well established and customers can expect efficient and effective service from their chosen shipping company. Any logistics company worth its salt will be adept at providing information and advice to facilitate the movement of goods between the two trading partners, including advice on customs and transport-related matters.

The market for Chinese imports into the United States is massive.

The country exported nearly $300 billion in goods to the United States in 2006, up 18% from 2005 and up 130% over the previous 4 years.

Meanwhile, China’s imports from the US rose 32% to $55 billion in 2006, and are up 150% since 2002.

So what products make up the majority of China’s imports into the US by international transport?

Of the $287.8 billion of Chinese imports into the United States in 2006, the following types of products were the most important, accounting for the bulk of freight requirements. Computer accessories, parts and peripherals accounted for 10% of all Chinese imports into the United States. Computers themselves accounted for another $17.4 billion in international trade between China and the United States. Various household items, such as watches, were valued at $26.5 billion. Toys and sporting goods such as bicycles were worth $22.2 billion of the total international goods moving from China to the United States. Other important imports from China include home furnishings and clothing, video equipment such as DVD players, home furnishings, footwear, and telecommunications equipment.

Meanwhile, the fastest-growing Chinese exports to the United States are zinc, nickel, lumber, mining processing equipment, and petroleum, all of which have seen rapid growth, so there is a clear trend toward the rise of goods services of these articles.

And what about trading in the opposite direction? What are the top US exports to China? Well, of the Chinese imports from the United States in 2006, the following products were the most important, accounting for the majority of freight.

Semiconductors

Civil aircraft

soy

Plastics, raw cotton and industrial machinery were worthwhile sectors.

Other important US exports are copper, computer accessories, and aluminum.

while the fastest growing US exports to China are currently unprocessed tobacco, corn, edible oils and precious metals.

The international freight industry has developed over the years to serve the needs of these two giant trading partners, with both shipping companies and freight services now able to offer global standards of export and import efficiency between China and the United States.

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