Judy Genshaft

University of South Florida

“The Tampa Bay Trade & Protocol Council is an integral part of our region’s international trade strategy"

President Ronald L. Vaughn

The University of Tampa

"The Tampa Bay Trade & Protocol Council has a lead role in helping to rebuild these relationships for our community.”

Bob Rohrlack

Greater Tampa Chamber of Commerce

Greater Tampa Chamber of Commerce commends the Mayor and County on their vision to strengthen Protocol with an international trade component.

China

About
China has the largest population on the planet (1). It is the world's fastest-growing major economy, and became the 2nd largest economy in the world (1). China is also the largest exporter and second largest importer of goods in the world (2).

China’s natural resources include coal, iron ore, petroleum, natural gas, mercury, tin, tungsten, antimony, manganese, molybdenum, vanadium, magnetite, aluminum, lead, zinc, rare earth elements, uranium, and hydropower potential (2).

The Chinese economy is structured as followed (in % of GDP):  43.9% industries, 46.1% services and 10% agriculture (2013) (2). China’s agriculture products include rice, wheat, potatoes, corn, peanuts, tea, millet, barley, apples, cotton, oilseed, pork, and fish (2).

China’s industries include mining and ore processing, iron, steel, aluminum, and other metals, coal; machine building; armaments; textiles and apparel; petroleum; cement; chemicals; fertilizers; consumer products, including footwear, toys, and electronics; food processing; transportation equipment, including automobiles, rail cars and locomotives, ships, and aircraft; telecommunications equipment, commercial space launch vehicles, satellite (2).

China’s top export commodities include electrical and other machinery, apparel, radio telephone handsets, textiles, integrated circuits. China’s top import commodities include electrical and other machinery, oil and mineral fuels, optical and medical equipment, metal ores, motor vehicles (2).

China’s main ports and terminals are Dalian, Guangzhou, Ningbo, Qingdao, Qinhuangdao, Shanghai, Shenzhen, and Tianjin (2).


Trade Statistics
China is the United-States 2nd largest goods trading partner with $562 billion in total goods trade during 2013 (3). In 2013, China was the United States' largest supplier of goods imports and the 3rd largest goods export market(3). Florida’s top exports to China: Copper, aluminum, iron, civilian aircraft, engines, fruit, nuts, fertilizers, organic chemicals, motor cars, and vehicles. Florida’s top imports from China: Electric apparatus, travel goods, handbags, wallets, jewelry case, automatic data process machines, seats, office machines, electronic equipment, fish (4).

The U.S.-China Strategic and Economic Dialogue S&ED was established, by President Obama and Chinese President Hu, on April 1, 2009 and represents the high-level dialogue for the United States and China to discuss a wide range of bilateral, regional and global political, strategic, security, and economic issues between both countries (5;6).


Trade Numbers
  • United States’ goods and private services trade with China in 2012: $579 billion (3)
  • United States’ goods and private services import from China in 2012: $439 billion (3)
  • United States’ goods and private services export to China in 2012: $141 billion (3)
  • United States’ goods import from China in 2013: $440.4 billion – (a 3.5 % increase ($14.9 billion) from 2012) (3)
  • United States’ goods exports to China in 2013: $122.1 billion – (up 10.4% ($11.5 billion) from 2012) (3)
  • Florida’s merchandise exports to China in 2013:  956.4 Millions of US Dollars (4)
  • Florida’s merchandise imports from China in 2013: 8,701.1 Millions of US Dollars (4)
  • Total Merchandise Trade between Florida and China in 2013: 9,657.6 Millions of US Dollars (4)
  • Imports from China to Tampa Port Authority in 2010: $211,046,937 (7)
  • Exports from Tampa Port Authority to China in 2010: $74,381,257 (7)

Export Companies
China owns 1 company in Tampa Bay: USAC Holdings, Inc.
NAICS Titles: Facilities Support Services
Business: Facilities Support Services Companies
Number of Employees at the headquarters location: less than 10
Address: 3225 State Road 630 W, Fort Meade, FL 33841
Phone: (863) 285-8121


References:
  1. http://www.world-guides.com/asia/china/
  2. https://www.cia.gov/library/publications/the-world-factbook/geos/ch.html
  3. http://www.ustr.gov/countries-regions/china-mongolia-taiwan/peoples-republic-china
  4. http://www.enterpriseflorida.com/wp-content/uploads/profile-fl-top-trade-partners-china.pdf
  5. http://www.treasury.gov/initiatives/Pages/china.aspx
  6. http://csis.org/publication/us-china-strategic-and-economic-dialogue-0
  7. http://www.worldportsource.com/trade/byPort/CHN/USA_FL_Tampa_Port_Authority_96.php
  8. http://www.tampabay.org/sites/default/files/NEW%202011%20FDI%20STUDY_0.pdf
  9. http://companies.findthebest.com/l/16316646/Usac-Holdings-Inc-in-Fort-Meade-FL