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To: AIG
The same 20% dynamic isn't true in Singapore.

Exports: $137 billion (f.o.b., 2000)

Exports - commodities: machinery and equipment (including electronics), chemicals, mineral fuels

Exports - partners: US 19%, Malaysia 17%, Hong Kong 8%, Japan 7%, Taiwan 5%, Thailand 4%, UK 4%, Netherlands 3.8%, China 3%, South Korea 3%, Germany 3% (1999)

Exports to the US: $26 billion

Imports from the US: $21.59 billion

Thats a .83 ratio

China on the other hand imported $16billion from the US while exporting $100 billion.

Thats a .16 ratio

The closer to 1 the better.

159 posted on 07/21/2002 12:31:38 AM PDT by maui_hawaii
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To: maui_hawaii
Singapore's got much higher labor costs than China so, of course, the trade deficit is gonna be smaller. Again, it's stingy Americans who cause the big US-China trade deficit in the first place. You should be starting a campaign to make Americans stop being so stingy.
163 posted on 07/21/2002 12:35:35 AM PDT by AIG
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