According to U.S. Customs statistics, in 2007, US imports of synthetic resins, plastic products, plastics machinery, and plastic molds from China amounted to US$333 million, US$7.914 billion, US$43 million, and US$129 million, respectively, accounting for the total imports of the US plastics industry. 22%. In the same year, the United States exported US$2.886 billion, US$658 million, US$113 million, and US$9.5 million to Chinese synthetic resin, plastic products, plastic machinery, and plastic molds, respectively, and China became the third largest plastic export market in the United States.
In 2007, China was the second largest source of plastics imports and the third largest export market in the US plastics import and export trade. Experts predict that the plastics industry in the two countries will have more room for cooperation in the future.
Neil C. Pratt, senior director of the American Plastics Industry Association, believes that establishing a Sino-US joint venture has become an important measure for the development of plastics companies in China. Through joint ventures, based on China's meeting global needs and embodying a global development strategy, it has become the consensus of US companies. The technical exchanges will play an increasingly important role in the development of the two countries’ plastics industries in the future.
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