How Much Do We Buy From China? : Planet Money : NPR
It feels like everything we buy comes from China. In fact, less than 3 percent of personal spending in the U.S. goes to China, according to a new report from the SF Fed.
That's partly because most personal spending goes to things like health care and housing that are, by definition, produced in the U.S.
But even when you look at the "goods" category, Americans spend way more on stuff that's made in the U.S. than on stuff that's made in China.
For the big-ticket items in the durable goods category (cars, furniture, etc.), about two thirds of personal spending goes to stuff made in the U.S. Just over 10 percent goes to China.
For smaller stuff — food, clothes, gas, etc. — 76 percent of personal spending goes to goods made in the U.S., and 6 percent goes to goods made in China.
See, one must look at the big picture!