Total Goods manufactured worldwide.....US holds a 64% share of worldwide goods manufactured. In terms of export...You are correct we have a trade deficit with China for several years. The trade deficit with china has to do with both goods and services purchased from China ( so that would be our imports) as well as FDI ( foreign direct investment...think China buying our debt) AND...our deprciation in the US dollar ( if 10 years ago we import a dollar of goods from china and today in relative value terms against the Chinese Yuan that good costs us 1.25)....There are several other factors that play a part in this.....but I just got out of class so I would rather not get into economic analysis.fuzzysnuggleduck wrote:bruther: You clearly know more about this than I do so please don't take this as some kind of macho challenge as I'm just as interested as the next guy trying to understand this...
What does the 64% refer to specifically? Exported goods in terms of value? Hasn't China been exporting more goods in terms of raw value than the USA for a few years now?
Please share some insight with me... although this thread is probably the wrong place to do it
Current trade imbalance from (FTD)-
as of Sept 2009
Month Exports Imports Balance
January 2009 4,178.1 24,748.0 -20,569.9
February 2009 4,678.4 18,874.5 -14,196.1
March 2009 5,569.9 21,187.7 -15,617.8
April 2009 5,164.9 21,918.7 -16,753.8
May 2009 5,247.8 22,731.5 -17,483.8
June 2009 5,549.2 23,979.1 -18,430.0
July 2009 5,274.3 25,691.2 -20,416.9
August 2009 5,553.1 25,784.7 -20,231.7
September 2009 5,813.7 27,914.9 -22,101.2
TOTAL 47,029.4 212,830.4 -165,801.0
