TPP countries' trade balances with China, the United States and the world, 2015
| TPP countries’ trade balances ($billions) | |||
|---|---|---|---|
| Country | China | United States | World |
| Australia | $14.72 | -$14.14 | -$19.97 |
| Brunei | -$0.24 | -$0.11 | $4.02 |
| Canada | -$35.55 | $15.55 | -$27.90 |
| Chile | $1.87 | -$6.67 | $0.32 |
| Japan | -$51.28 | $68.92 | -$23.56 |
| Malaysia | -$7.18 | $21.69 | $23.91 |
| Mexico | -$65.10 | $60.66 | -$24.51 |
| New Zealand | -$1.11 | $0.66 | -$2.20 |
| Peru | -$1.33 | -$3.67 | -$3.69 |
| Singapore | $5.57 | -$10.21 | $53.76 |
| Vietnam | -$28.72 | $30.93 | -$4.00 |
| All TPP Countries | -$168.35 | $163.61 | -$23.82 |
| Addendum: U.S. Trade balance with China | -$367.18 | ||
Note: Reported figures for Vietnam are from 2014
The US trade deficit with China is based on USITC data from Table 1 which uses customs values for imports. Calculating the US trade deficit with China using UN comtrade data yields a slightly larger result, as CIF values are used instead. TPP countries' trade surpluses with the United States are also calculated from USITC data, while TPP countries' trade balances with china are calculated using UN comtrade data.
Source: Author's analysis of UN Comtrade (2016) and USITC (2016)
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