China's global goods trade surplus, Chinese vs. trading partner country reports, 2005–2012
Year | China’s estimate | China’s trade partners’ estimate** |
---|---|---|
2005 | 119.7 | 357.2 |
2006 | 196.1 | 449.2 |
2007 | 290.8 | 573.4 |
2008 | 341.9 | 651.0 |
2009 | 235.2 | 465.3 |
2010 | 245.5 | 532.4 |
2011* | 236.1 | 522.9 |
2012* | 317.6 | 548.3 |
*Estimates for 2011 and 2012 are based on incomplete data, with fewer than 152 out of 171 countries reporting.
**The estimates are adjusted for differences in transportation costs, assuming that China pays 10 percent CIF (cost, insurance, and freight) and receives 1/1+.10 in export revenues. See appendix in Scott (2013b) for further details on the methodology.
Source: Author's analysis of United Nations Commodity Trade statistics (UN Comtrade 2013) and IMF (2013a)