China exported $180 billion worth of information and communications technology (ICT) goods last year, including mobile phones, laptops and digital cameras, up from $123 billion in 2003. ICT exports from the U.S. grew at a slower rate, rising from $137 billion in 2003 to $149 billion in 2004, the OECD said. The data also showed that the U.S. imports more ICT goods from China than from any other source.
China supplied 27% of ICT imports to the U.S. in 2004, up from 10% in 2000. Total U.S. worldwide trade, including imports and exports, remained higher than that of China. U.S. world trade reached $375 billion in 2004, compared with $301 billion in 2003. China’s imports and exports were worth $329 billion in 2004, compared with $234 billion the previous year.
Trade between China and other Asian countries grew last year, the OECD figures showed, while ICT imports to China and Asia from the European Union and the U.S. declined. China is now importing more components, such as chips, from other Asian countries rather than from the E.U. and the U.S.
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