1. U.S. Trade Deficit in Manufactures Up $89 Billion in 2015 PA-166 Presented by: Ernest H. Preeg, Ph.D. Senior Advisor for International Trade and Finance epreeg@mapi.net

2. $billions Percent Change From 2014 20142015 United States Exports1,1891,149-3 Imports1,7501,799+3 Trade Deficit-561-650-16 China Exports 2,2282,169-3 Imports 1,2301,123-9 Trade Surplus +998+1,046+5 Table 1 – U.S. and Chinese Global Trade in Manufactures* *SITC 5-8 Source(s): U.S. Census Bureau, FT-900, and China’s Customs Statistics (Monthly Exports and Imports)

3. ExportsTrade Balance U.S.ChinaU.S.China Medical and pharmaceutical products5314-36-6 Power generating machinery and equipment4136-26+15 Machinery specialized for particular industries4938-4+3 General industrial machinery and equipment75101-18+55 Office and data processing equipment47190-70+140 Telecommunications and sound recording53296-106+224 Electrical machinery and appliances113287-51-62 Road vehicles12369-1520 Other transport equipment13837+98+8 Professional and scientific instruments 6059+8-27 10-industry total7521,127-357+350 *SITC 54, 71-72, 74-79, 87 Source(s): U.S. Census Bureau, FT-900, and China’s Customs Statistics (Monthly Exports and Imports) Table 2 – U.S. and Chinese Trade in High-Technology Industries, 2015 ($billions)*

4. ExportsImportsBalance % of Global Deficit World1,1491,799-650 China82469-38760% Japan45126-8112% South Korea3364-315% India1538-234% Malaysia1132-213% Vietnam434-305% Six Asians190763-57388% Three TPP60192-13220% Germany44117-7311% France2638-122% Italy1338-254% Three eurozone83193-11017% United Kingdom4446-2<1% Canada218170+48__ Mexico187246-599% NAFTA405416-112% Table 3 – U.S. Bilateral Trade Balances in Manufactures, 2015 ($billions) Source(s): U.S. Census Bureau, FT-900