China Imports and Exports by Product Type
Charts courtesy of the PIIE US-China phase one tracker: China’s purchases of US goods
Totals
- Agricultural Imports: $8.7 Billion out of $36.6 Billion – 23.8%
- Manufactured Goods: $30.3 Billion out of $110.8 Billion – 27.3%
- Energy: $1.3 Billion out of $25.3 Billion – 6.2%
- Uncovered: $16.2 Billion out of $45.6 Billion – 35.5%
Those numbers should all be in the 50% range. None are close.
Energy is not even out the door.
Soybeans are likely a bit better than it seems because the harvest is coming up and China may catch up a bit.
Collectively, China’s purchases of all covered products were only at 47 percent (US exports) or 47 percent (Chinese imports) of their year-to-date targets.
Energy is the biggest drag but China is not close anywhere.
Mish
The US is Charley Brown, and China is Lucy.
We all know that trade deal was as bogus as the paper it was written on,like that USMCA nonsense.Pay a Mexican $16.00 hr when they make $1.35hr now,plus China’s economy is in rough shape,sure it’s know where near the complete disaster (collapse)of the US economy,but it’s definitely struggling.
I know I am getting sick of so much winning for China
“why doesn’t import export data match ? currency differences?”
Currency and accounting differences
Hi Mish,
Are you following the Census Bureau’s new household pulse?
Crazy bad numbers on rent / mortgage payments.
Mortgage News Daily today:
“Freddie Mac’s single-family delinquency rate increased from 81 basis points in May to 248 basis points in June. The multi-family delinquency rate rose 1 basis point to 10 basis point.”
Let’s see, trade deals, North Korea, his recent prescription drug orders, his non-invite to throw out the first pitch to the Yankees, his convention in Jacksonville…
It like the old joke about the the Soviet Union…”they pretend to pay us and we pretend to work”.
Except, “they pretend it is a great deal, and we have to pretend its working for us”.
The greatest trade deal ever was non-binding and set expectations far beyond need.
That’s why Kodak just went from 2 to 50 in one hour.
Kodak is a company that lost any innovative quality they had long ago. Silly to think they are going anywhere.
Trump is throwing federal money at all sorts of places today where he needs voters to turn out.
His friends made bank on Kodak.
I wish@Mish did posts on positive news like Kodak going from $2 to $50 in an hour. Imagine if every sick company in the US turned around like this.
I know this is supposed to be a loan, but why did Kodak have to get it from the government with so many other sources of capital running around out their looking to invest? Am I missing something?
“China has missed the mark across the board.”
…
Quit with the fact checking.
Algorithms only care about the headline announcement.
Any lagging of goal will just be another chance (ie: headline announcement) for parties to reiterate promise to do better … sending stocks soaring.
Rinse, repeat blah blah …
No one should ever have expected a “deal” in these circumstances. Don’t you people know Oceania has always been at war with Eastasia?
https://caitlinjohnstone.com/2020/03/23/the-coming-war-on-china%20-%20watch-john-pilgers-powerfully-relevant-documentary/
I wish this was only about “tariffs” and “trade”. No, Oceania wants to return Eurasia to another century of humiliation, because it can’t dominate on a level playing field. And it refuses to accept win-win agreements in trade without also dominating.
Read every other piece of “news” in your Orwellian press with the foregoing in mind.
Gimmie that old time kooky news.
Trade wars are easy to win. If this is winning I would hate to see losing. No wonder so many of Trump’s businesses have had to file for bankruptcy!
I am so tired of all this winning
They know a deal with trump is meaningless. The ‘deal’ was a pacifier for baby.
Those graphs are stunning.
Current state of reality!