Thursday, March 29, 2012

US exports to China surpass $100 billion|Home|chinadaily.com.cn

Total United States' exports to China surpassed $100 billion last year, with 30 states now counting China as one of their top three export markets, according to a new report released by the US-China Business Council (USCBC) on Wednesday.

The annual report says that China remains the US' third-largest export market, just behind Canada and Mexico - two neighbors that have a regional free-trade agreement with the US.
"Exports to China are vital to America's economic health and create good jobs for American workers," said Erin Ennis, vice-president at the Washington-based organization, which represents about 240 American companies doing business in China.

Between 2000 and 2011, total US exports to China rose 542 percent - from $16.2 billion in 2000 to a record-breaking $103.9 billion in 2011 - while exports to the rest of the world increased 80 percent. US exports to China recovered faster after the recession than exports to anywhere else in the world, according to USCBC.

US exports to China surpass $100 billion|Home|chinadaily.com.cn

Saturday, March 24, 2012

Return of Manufacturing From China, Rising Exports Could Create Up to 3 Million Jobs in the U.S. - Business Review USA

 Improved U.S. competitiveness and rising costs in China will put the United States in a strong position by around 2015 to eventually add 2 million to 3 million jobs and an estimated $100 billion in annual output in a range of industries, according to a new report by The Boston Consulting Group (BCG).


Return of Manufacturing From China, Rising Exports Could Create Up to 3 Million Jobs in the U.S. - Business Review USA

US weekly beef export sales surge to 10-year high | Reuters

U.S. beef export sales last week were the highest in more than a decade, with nearly a quarter of the tally going to drought-hit Mexico, U.S. government data showed on Thursday.
The U.S. Department of Agriculture's weekly export sales data on Thursday pegged beef sales at 52,000 tonnes, the most since 96,044 tonnes were sold in December 2001.


US weekly beef export sales surge to 10-year high | Reuters

USDA Chinese Mission Trip Begins - Farm Futures

Chinese demand for bulk commodities like soybeans and cotton is high, while demand for high-value U.S. products like meat and processed foods continues to grow. Bilateral trade between the United States and China in fiscal year 2011 reached an all-time high of $32.1 billion. U.S. exports to China were $22.8 billion and exports from China to the United States were $9.3 billion. Today, USDA's largest overseas presence is in China. With seven offices in five cities, USDA is well-positioned to support American agriculture and agribusinesses.

USDA Chinese Mission Trip Begins - Farm Futures

Reshoring: Manufacturers bringing work back to the U.S. - chicagotribune.com

While data is scant, manufacturing experts say the number of companies shifting production to the U.S. will increase over the next five years as Chinese wages continue to increase at the same time transportation costs soar. A Boston Consulting Group report released last week predicts that by 2015 it will become cheaper to produce certain products in the U.S. that are sold to American consumers. The products, the report said, would span a half-dozen industries and include everything from machinery to electronics to furniture.


Reshoring: Manufacturers bringing work back to the U.S. - chicagotribune.com

Friday, March 2, 2012

Business without Borders | U.S. exports a guiding light

U.S. exports have been on a tear and are forecast to accelerate to the point that the annual growth rate of goods going to China will outpace imports from China during the next five years.


Business without Borders U.S. exports a guiding light

U.S. Red Meat Exports Top $11.5 Billion in 2011; New Records for All Species | U.S. Meat Export Federation

According to year-end statistics released by USDA and compiled by USMEF, exports of U.S. pork, beef and lamb set new records across the board in 2011, reaching all-time highs in both volume and value and exceeding $11.5 billion in total value

U.S. Red Meat Exports Top $11.5 Billion in 2011; New Records for All Species U.S. Meat Export Federation

BMW Manufacturing's 2011 Export Value Surges Past $7 Billion - MarketWatch

BMW Manufacturing Co. announced today that the export value of its passenger vehicles through the Port of Charleston in 2011 totaled $7.4 Billion, confirming the company's South Carolina facility as the leading U.S. automotive exporter. According to data from the U.S. Department of Commerce, this accomplishment represents a 68% increase over BMW's 2010 value. In 2011, over 192,000 vehicles were exported from its South Carolina plant.


BMW Manufacturing's 2011 Export Value Surges Past $7 Billion - MarketWatch

US will not revoke LNG exports to control prices-DOE | Reuters

The U.S. Energy Department will not attempt to control natural gas prices by revoking approvals granted for gas export terminals, a department official said, as lawmakers and green groups stepped up their attacks on attempts to send U.S. gas abroad.


US will not revoke LNG exports to control prices-DOE Reuters