Exports to China Minus Exports to the EU · North Carolina

## What this measures

Whether North Carolina sells more goods to China or to the European Union: twelve-month exports to China minus twelve-month exports to the 27 EU member states, in millions of U.S. dollars.

## Why it matters

It answers a simple question about the state's exposure: in a trade fight, is China or Europe the bigger customer? States that sell more to China are more exposed to Chinese retaliation; states that sell more to Europe, to European demand and EU trade policy.

## How to read it

Millions of dollars over a year. Above zero, the state exports more to China than to the EU; below zero, more to the EU. Most states sell more to Europe, so a positive reading is unusual. The size of the gap depends on the size of the state, so compare signs and direction across states rather than raw levels.

## What it does not say

The state is the state of origin of movement: where the goods started their trip to the border, which is usually but not always where they were grown, mined or made. Goods consolidated at a warehouse or port in another state are credited there. It counts goods only, not services, and not goods that leave through a third country first. Values are free-alongside-ship, in current dollars, not adjusted for inflation. Recent months are revised.

## Source

U.S. Census Bureau, International Trade API, state exports by country (timeseries/intltrade/exports/statehs), total value of all commodities (ALL_VAL_MO). A work of the U.S. Government (17 U.S.C. §105), public domain. This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau. Palanor sums the months; the series is a Palanor calculation from Census data. The difference is a Palanor calculation from us.state.nc.exports_china_12m and us.state.nc.exports_eu_12m.