RE:US and China are biggest trading partners
by radha sharma on Jul 05, 2008 11:43 AM Permalink
China's Trade with the United States ($ billion) Note: US exports reported on FOB basis; imports on a general customs value, CIF basis Sources: US International Trade Commission, US Department of Commerce, and US Census Bureau 1998 1999 2000 ; 2001 2002 2003 &nbs p; 2004 2005 2006 &nb sp; 2007 US Exports 14.3 13.1 16 .3 19.2 22.1 28.4&nb sp; 34.7 41.8 55.2 &n bsp; 65.2 % change 10.9 -8.0 24. 4 18.3 15.1 28.5&nbs p; 22.2 20.6 32.1 &nb sp; 18.1 US Imports 71.2 81.8 10 0.0 102.3 125.2 152. 4 196.7 243.5 287.8& nbsp; 321.5 % change 13.8 14.9 22. 3 2.2 22.4 21.7 ; 29.1 23.8 18.2 &nbs p; 11.7 Total 85.5 94.9 116.3 121.5 147.3 &n bsp; 180.8 231.4 285.3 &nbs p; 343.0 386.7 % change 13.4 11.0 22. 6 21.4 21.2 22.8&nbs p; 28.0 23.3 20.2 &nb sp; 12.7 US Balance -56.9 -68.7 -83.7 -83.0 -103.1 - 124.0 -162.0 -201.6 -232.5 -256.3 USA is India's largest trading partner and premier export destination. Two-way trade in 2000 totaled US $ 14.35 billion, reflecting an increase of nearly 100% since 1993. During the year 2000, India’s exports to USA increased by 17.65% in dollar terms, compared to 1999, but India's imports from USA marginally declined by 1.20%. India - US trade over the last eight years has been as under: & nbsp; (in US $ millions) 1993 1994 1995 1996 1997 1998 1999 2000 India’s Exports 4,551 5,302 5,736 6,169 7,322 8,237 9,071 10,686 India’s Imports 2,761 2,296 3,296 3,318 3,608 3,564 3,688 3,663 Turnover 7,312 7,598 9,032 9,487 10,931 11,801 12,759 14,349 Balance ( ) 1,790 3,005 2,440 2,851 3,715 4,
