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What’s the Difference?—Comparing U.S. and Chinese Trade Data, March 27, 2009
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Summary
There is a large and growing difference between the official trade statistics released by the United States and the People’s Republic of China. According to the United States, the 2008 bilateral trade deficit with China was $266.3 billion. According to China, its trade surplus with the United States was $170.8 billion—$95.5 billion less.
This paper examines the differences in the trade data from the two nations in two ways. First, it compares the trade figures at the two digit level using the Harmonized System to discern any patterns in the discrepancies between the U.S. and Chinese data. This comparison reveals that over two-thirds of the difference in the value of China’s exports to the United States is attributable to five types of goods. The second approach to examining the differing trade data involves a review of the existing literature on the technical and non-technical sources of the trade data discrepancies.
This report is updated annually, after the release of official trade data by China and the United States.
For full text, click here.
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Join us for an in-person conversation on Thursday, November 7th at 4pm with author David M. Lampton as he discusses his new book, Living U.S.-China Relations: From Cold War to Cold War. The book examines the history of U.S.-China relations across eight U.S. presidential administrations.