Exports of consumer goods fell 4.2percentt.
China's exports of consumer goods accounted for 30%% of overall export growth, compared to around five to 10%% in other Asian economies over the decade to 2009 (Fig. 3).
The total amount of imports and exports and the total retail sales of consumer goods should also improve, which means that both domestic and foreign trade have developed; that is, equalized development described in this paper is obtained.
In Table 4, with the increase in the number of patent applications, the rankings of total import and export volume (E), the total retail sales of consumer goods (R) and Trade 1 continue to rise while there is a decline in Trade.
Economists say the changes are already eroding some of China's competitive advantages in the global economy by raising wages, the cost of production and, soon, the prices of a wide range of consumer goods that China exports.
A decrease in exports of private airplanes and an increase in imports of consumer goods and cars caused the widening gap.
Overall, most economists would agree, trade has been beneficial -- by reducing the prices of consumer goods, creating new markets for exports and allowing the economy to grow faster.
Based on the total retail sales of consumer goods and the total amount of import and export, this paper constructs proxy variables that reflect the equalization and specialization of trade.
The overall deficit was pushed down by fewer imports of consumer goods, autos and automobile parts, and an increase in American exports.
Australia's trade deficit grew in November to its widest in more than two years, as imports of consumer goods rose and a drought reduced the earnings from wheat, cotton and meat exports.
