North Carolina businesses exported about $2.8 billion in goods to China during 2013, according to a report issued by the US-China Business Council.
The export volume is up 261 percent from 2004. The state ranked 14th overall. California was first at $15.7 billion.
Altogether, U.S. exports to China reached $120 billion, making China the third-largest export market for U.S. goods behind Canada and Mexico.
A total of 32 states exported more than $1 billion worth of manufactured products, chemicals, electronics, machinery, and agricultural goods to China. The council estimates China to be a $300 billion market for American companies, counting exports and in-country sales by American companies operating there.”
However, the U.S. share of products sent to China account for just more than 7 percent of total Chinese imports, falling well behind competition from the European Union, South Korea and Japan.
