U.S. Third In Tech Exports To China - InformationWeek

InformationWeek is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

IoT
IoT
News

U.S. Third In Tech Exports To China

The U.S. trailed Europe and Japan in exporting technology to China's growing market last year

The U.S. was the third largest exporter of technology to China's growing market in 2006, trailing Europe and Japan, the country's Ministry of Commerce reports.

Overall, the ministry registered $22.02 billion worth of contracts with foreign tech companies, up 15.6 percent from 2005. China hit a new high in tech imports last year, officials said.

European Union companies signed $8.66 billion in contracts, accounting for 39.3 percent of the total value of imports. Japanese and U.S. companies sold $5.24 billion and $4.23 billion in technology, respectively, or 23.8 percent and 19.2 percent of the total.

Chinese enterprises with foreign investors imported $11.3 billion in technology, accounting for more than half of the total. State-owned enterprises spent $8.99 billion, down a bit from a year ago to 40.8 percent of the total.

The sectors that bought the most technology were electronic, telecommunication and transportation equipment manufacturers and railway transportation, the ministry said in the report released Thursday. Telecom equipment makers were the leading importers, spending $4.15 billion, or 18.9 percent of the total value of imports.

We welcome your comments on this topic on our social media channels, or [contact us directly] with questions about the site.
Comment  | 
Print  | 
More Insights
The State of Cloud Computing - Fall 2020
The State of Cloud Computing - Fall 2020
Download this report to compare how cloud usage and spending patterns have changed in 2020, and how respondents think they'll evolve over the next two years.
Slideshows
10 Ways to Transition Traditional IT Talent to Cloud Talent
Lisa Morgan, Freelance Writer,  11/23/2020
News
Top 10 Data and Analytics Trends for 2021
Jessica Davis, Senior Editor, Enterprise Apps,  11/13/2020
Commentary
Can Low Code Measure Up to Tomorrow's Programming Demands?
Joao-Pierre S. Ruth, Senior Writer,  11/16/2020
Register for InformationWeek Newsletters
Video
Current Issue
Why Chatbots Are So Popular Right Now
In this IT Trend Report, you will learn more about why chatbots are gaining traction within businesses, particularly while a pandemic is impacting the world.
White Papers
Slideshows
Twitter Feed
Sponsored Live Streaming Video
Everything You've Been Told About Mobility Is Wrong
Attend this video symposium with Sean Wisdom, Global Director of Mobility Solutions, and learn about how you can harness powerful new products to mobilize your business potential.
Sponsored Video
Flash Poll