China

When I came to the U.S. from China this year, I found an interesting situation is that lots of products in the shopping mall are made in China. So I guess China has strong trade relations with the U.S. for a long time. According to the UN trade data, there are so much data prove my speculation. The data in trade balance shows that the U.S. is always trade partner with China in top 5 from 2008 to 2013. Also, Japan, Korea and Germany are also big the trade partners with China.

From the graph below, we can clearly know that the top 1 import and export commodities are both 85- Electrical, electronic equipment in China. They are 1,996,446,290,390 dollars and 2,526,304,889,020 respectively. That means the electrical equipment is more and more popular to use in China. In other words, the technology has played an important role in the Chinese citizen’s life. Moreover, we can see supply for export electronic equipment is more than demand for import electronic equipment. I think it is really good and facilitative for the economic development in China.

There is an another interesting point is the import commodities in lots of categories of natural resources like 27-Mineral fuels, oils, distillation products, 26-Ores, slag and ash, 74-Copper and articles thereof and 12-oil seed, oleagic fruits, grain, seed are overly more than export commodities in those. The reason why is there is only few natural and limited resources in China now. If we want to produce or manufacture some products, we will imports raw material from other countries. So there is only a little export of limited resources in China during 2008 and 2013.

According to the second graph below, we can clearly see that import of commodities is more than export of commodities a lot. But the situation of top 4 commodities is opposite. For example, the export of 02-meat and edible meat offal is more than import 393,110,164 dollars, because of there is no import of 02-meat and edible meat offal from other countries. That is a quite a large gap. I believe that the livestock husbandry developed really well.

The third chart below shows the change of import in China is quite dramatic. In 1998, China only import nearly 0.1 trillion dollars. After that, the trend mainly increased substantially. Until 2013, they almost import 2 trillion dollars. They increased about 20 times. I know this big change mainly affected by Chinese industry revolution. Before the Chinese industry revolution, there was only few industries. Because the government did not allow personal companies operate in the market. So the economy is really bad at that time. After the industry revolution, more and more companies operated. So the demand of import increased really quickly. Furthermore, I can see the import in 2009 decreased. I think that is because of the big economic crisis in 2008. Lots of companies in China went broke and had suffer on business. So there is a decrease in 2009.

citation by http://www.sas.com/software/visual-analytics/demos/un-comtrade-basic.html