b. Agricultural goods subcategories, 2016–25
Notes: Agricultural product categories are set out in Annex 6.1 of the Economic and Trade Agreement between the United States of America and the People’s Republic of China. “Projected purchases with no trade wars (real)” are constructed by projecting US exports based on growth of China’s real imports of agricultural goods covered by the phase one agreement from the world.
Source: Constructed by the author with US export data from US Census, and Chinese import data from International Trade Centre (Trade Map) and Chinese Customs. The price deflators are from Federal Reserve Economic Data (FRED), US Bureau of Labor Statistics, and Netherlands Bureau for Economic Policy Analysis.Download image 