Econchart Ushitechtrade 012010
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China's share of global exports in medium-high technology products rose dramatically from 3.9% in 1995 to 12.8% in 2008, while the EU's share stagnated and Japan's and the US's shares declined over the same period. The US trade deficit in advanced technology products has widened, indicating that a historical US economic strength is becoming a major weakness.
Econchart Ushitechtrade 012010
- 1. Huge Chinese Inroads in Tech Trade China卒s share of global exports in medium high technology products rose from 3.9% in 1995 to 12.8% in 2008, reports the National Science Foundation The EU卒s share stagnated at around 24% from 1995 to 2008, Japan卒s declined from 21.7% to 15.2%, the US卒s slid from 17.3% to 14.1% US Trade Gap Widens in Advanced Technology A long-time strength of the U.S. economy is fast becoming a major weakness Alan Tonelson, research fellow for the U.S. Business & Industrial Council Educational Foundation 30 Global Exports of Hi Tech Products - 1995-2008 09/08 11/08 01/09 03/09 05/09 07/09 09/09 11/09 20 1,9 EU 2,6 3,6 4,4 U.S. 10 6,0 6,6 China Japan 7,4 ! 8,3 Source: NSF Source: US Census Bureau Billions of Dollars 95 2000 2005 2010 You can buy me for reprint at www.markusgaertner.com Jan. 27, 2010 RSS FEED for all CHARTS at www.slideshare.net/markusgaertner GAPA NEWS