US exports to China reaches $103.9b

Growing American exports to China will help boost the US economic recovery, analysts said.With this level of exports, China has emerged as the third most common destination for US overseas shipments, just behind Canada and Mexico, US-China Business Council said.US exports to China have risen 542 per cent from 2000 to 2011, going from $ 16.2 billion to a record $ 103.9 billion.After the recent recession, the US exports to China regained momentum faster than the countrys exports to any other place, the council said.In 2010, Obama introduced the National Export Initiative, a plan to double US exports by 2014.Meeting that goal will require exports to increase by at least 15 per cent a year on average for five years.US is second highest partner for China. The European Union ( EU) remained Chinas top trading partner, with bilateral trade amounting to $ 567.21 billion up 18.3 per cent year-on-year.Among markets that receive large amounts of US exports, China is the only one in which they have increased by more than 15 per cent a year since 2000, the council said.Last year in China, the demand for US exports was the greatest for crops, computers, electronics, chemicals and transport equipment.