The US Trade Balance with China

The US Trade Balance with China (2001-2008) totals to $1.41 trillion.
From the US Govt. census web site I totaled the trade balance with China for the last 8 years:
Year $ million
2001 $83,096.10
2002 $103,064.90
2003 $124,068.20
2004 $161,938.00
2005 $201,544.80
2006 $232,588.60
2007 $256,206.70
2008 $246,453.10
TOTAL ------------- $1,408,960.40
Reference: http://www.census.gov/foreign-trade/balance/c5700.html
The total US Trade Balance 1992- 2007 is $ 5.39 trillion.
Year $ Million
1992 -$39,212.00
1993 -$70,311.00
1994 -$98,493.00
1995 -$96,384.00
1996 -$104,065.00
1997 -$108,273.00
1998 -$166,140.00
1999 -$265,090.00
2000 -$379,835.00
2001 -$365,126.00
2002 -$423,725.00
2003 -$496,915.00
2004 -$607,730.00
2005 -$711,567.00
2006 -$753,283.00
2007 -$700,258.00
TOTAL -$5,386,407.00
Reference: http://www.bea.gov/newsreleases/international/trade/tradnewsrelease.htm

Total United States Public Debt outstanding:

$ 10,717,280,371,345.89

Reference: http://www.publicdebt.treas.gov/


China has an estimated $ 1.45 trillion of USD denominated foreign exchange reserves, consisting of US Treasury and Agency debt.
(from Brad Setser's estimates and links below)


"Consequently it should be a surprise that China’s government now has close to a trillion in Treasuries. OK, not quite a trillion. But darn close. $860 billion or so at the end of November and – if current trends continue — over $900 billion at the end of December. China also has $550 billion or so of Agencies, which are effectively now backstopped by the Treasury. That works out to an enormous bet by China’s government on US government bonds. "
- Dr. Brad Setser
Reference:
http://blogs.cfr.org/setser/2009/01/30/secrets-of-safe-a-trillion-or-close-of-treasuries-here-a-trillion-there-and-pretty-soon-you-are-talking-about-real-money/


http://www.cfr.org/content/publications/attachments/CGS_WorkingPaper_6_China.pdf

http://www.bea.gov/newsreleases/international/trade/2009/pdf/trad1108.pdf