Export Markets: China and Export

export markets: According to China Customs, the trade in goods between China and the US grew from less than US 2.5 billion in 1979 when the two countries forged diplomatic ties to US 633.5 billion in 2018, a 252-fold increase, according to Global Times China. In 2018, the US was China's largest trading partner and export market, and the sixth largest source of imports. In 2018, bilateral trade in goods and services exceeded US 750 billion, and two-way direct investment approached US 160 billion, the white paper said. According to the US Department of Commerce, in 2018 China was the largest trading partner of the US, its third largest export market, and its largest source of imports. During the ten years from 2009 to 2018, China was one of the fastest growing export markets for American goods, with an annual average increase of 6.3 percent and an aggregate growth of 73.2 percent, higher than the average growth of 56.9 percent represented by other regions in the world, the white paper said. China is the key export market for US airplanes, soybeans, automobiles, integrated circuits and cotton. (news.financializer.com). As reported in the news.