China trade: U.S. exports, investment, affiliate sales rising, but export share falling: report to congressional committees

Original publisher: [Washington, D.C.] : U.S. Government Accountability Office, [2005] OCLC Number: (OCoLC)64638154 Subject: Exports -- United States. Excerpt: ... While U.S. goods exports to China grew overall during the past decade, Export Growth Was growth was also consistent at the more detailed product category and Widespread among Goods 16 subcategory level. Over a 10-year period, all but 2 of GAO's 10 categories Categories and of goods, Aircraft, Vehicles and Other Transportation and Miscellaneous Subcategories and Special Provision Goods, had double-digit annual growth rates from 1995 to 2004, as shown in table 1. The category with the highest U.S. export value, $ 12.8 billion in 2004, was Machinery, Electronics, and High-Tech Apparatus, which grew at an annual rate of 15 percent over the period. Aircraft, Vehicles and Other Transportation had one of the lowest annual growth rates of 5 percent. Much of the growth in U.S. goods exports to China occurred in recent years. As shown in table 1, the overall annual growth rate during the second 5 years of the decade, 2000 to 2004, was 19 percent, as compared with 6 17 percent from 1995 to 1999. In fact, 7 of the 10 goods categories had higher growth rate for the most recent 5-year period than for the previous 5-year period. For example, Textiles and Apparel, Leather and Footwear, the bulk 18 of which includes raw cotton ( including yarn and woven fabric ), had the highest growth rate during the recent 5-year period, or 45 percent annually from 2000 to 2004, as compared with a negative 20 percent growth rate in the previous 5 years. The goods category with the highest U.S. exports to China by value, Machinery, Electronics, and High-Tech Apparatus, grew at a rate of 19 percent during the most recent 5-year period versus 9 percent during the previous 5 years. 16 The broad product categories, 10 to be specific, are GAO aggregations of the 99 chapter headings of the HTS. These aggregations are shown in appendix I,...