China surpassed the United States as the world’s number one IT goods exporter in 2004. The IDG News Service reports that a study by the Organization for Economic Cooperation and Development, China exported $180 billion worth of IT material while the U.S. exported only $149 billion worth. The reported also stated that the U.S. imports the most in IT goods. The total worldwide value was $375 billion.
As the U.S. worries about its global security and trade position in relation to China, other figures of interest can be found in the report. Figures showed that trade between China and other Asian countries is growing, while imports from the European Union and the U.S. to Asia are declining. China is also importing more components from Asian countries, such as computer chips, from other Asian countries rather than the U.S. and the EU.
By Paul Kerstein