Asian Exporters Seeing Stronger Growth To US Than China

The robust US economy is benefiting the world’s exporters especially those countries where shipments to the US are a large share of their total. Of the eleven countries in our sample that have over 15% of their exports going to the US only two saw a contraction in the April 3-month average of the annual rate. In contrast those reliant on China are not doing as well, China could be diversifying its trade base.

• The charts below shows not only the geographical influence on trade trends but the importance of diversification, particularly to the world’s largest economies. Taiwan and Korea are good examples.