Other OECD countries remained the most important source of imports in the US, too, though far less so than in the EU, at about a third of imports. Meanwhile, the importance of imports from China in the OECD has grown almost twofold, with the US seeing its share rising from 6.3% in 1995 to 12.5% in 2003. The EU is the area least dependent on imports from China. About 20% of Japan’s imports come from China, which is not an OECD member. In fact, most of Japan’s imports come from outside the OECD area.
Measuring Globalisation: OECD Economic Globalisation Indicators 2005 can be ordered at www.oecdbookshop.org.
©OECD Observer No 252/253, November 2005