US-China trade deficit hit a record in 2013

China Daily (Canada) - - NEWSCAPSULE -

The US-China trade deficit for 2013 hit a record high, as both ex­port and im­port to­tals in­creased, ac­cord­ing to the US Depart­ment of Com­merce.

Ex­ports for the year to­taled $122 bil­lion and im­ports to­taled $440.4 bil­lion, up from $110.5 bil­lion and $425.6 bil­lion in 2012, re­spec­tively, ac­cord­ing to the fig­ures re­leased. Ex­ports in­creased pri­mar­ily in civil­ian air­craft, en­gines, and equip­ment, and im­ports in­creased pri­mar­ily in cell phones and house­hold goods.

Last year the goods deficit with China, with whom the US has had the largest trad­ing deficit ev­ery year since 2000, in­creased to $318.4 bil­lion from $315.1 bil­lion in 2012.

The US ex­ported $13.1 bil­lion to China in De­cem­ber, a drop from $13.2 bil­lion in Novem­ber. (Photo 1)

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