China Busienss Consultancy
Hotline: 86-755-82147392 Email：info@citilinkia.com
Being the 5th most populous state in the U.S, Illinois has been the economic engine of the Midwest region and a national hub for global commerce. The state owns the third largest intermodal port in the world, after Hong Kong and Singapore. As the state of innovation, Illinois is home to 32 Fortune 500 companies, involved in everything from agribusiness to life sciences, aerospace and financial services. China business startup from Tannet.
In 2013, the GDP of Illinois was US$720.7 billion and ranked 5th in the U.S. Advanced manufacturing is the largest industry in Illinois, due to the state’s highly trained workforce and superior logistics and infrastructure. Other major industries include financial services, agribusiness, coal technology, energy & recycling, life sciences, logistics and information technology.
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Trade and Exports
Exports form a significant portion of Illinois’ economy, and totaled over US$68.18 billion in 2014. The state’s exports have grown faster than the rest of the nation. In 1974, Illinois became the first state to open a trade office in China, and China is now the state’s third largest export market. Last year, Illinois exports to China totaled US$4.7 billion, a small decrease over 2013. The top five exports are agriculture and related products, transportation equipment, machinery (excluding electrical), waste and scrap and computer and electronic products. In 2014, imports from China reached US$29.5 billion, making China the state’s second largest trade partner.
Contact Us
For further queries, please do not hesitate to contact ATAHK at anytime, anywhere by simply calling China hotline at 86-755-82148419, 86-755-82143512, or emailing to info@citilinkia.com