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Monitor Report of UNITED STATES trade and UNITED STATES-China binational trade in 202009

 1.  Overview the trade of UNITED STATES in goods current year until 202009

According to Dalian Infobank, in 202009UNITED STATES's exports and imports of goods amounted to 327875.9755 million, and were down 3.96% comparing with the same period of last year. Among these, exports were down 9.76% at 121476.7862 million, and imports were down 0.18% at 206399.1893 million. And the corresponding trade deficit was 84922.4031 million and up 17.70%.

During the current year until 202009, UNITED STATES's total exports and imports of goods were 2728226.0733 million and were down 12.19% comparing to the same period of last year. Among these, exports were 1039364.6557 million and down 15.48%; imports were 1688861.4176 million and down 10.04%. The total trade deficit was 649496.7620 million and up 0.29%.

If considering by country (region), MEXICO, CHINA, CANADA, JAPAN, GERMANY were UNITED STATES's top five trading partners. During the current year until 202009, UNITED STATES's imports and exports to five countries/territories were 386019.3167 million, 384990.2297 million, 382900.1127 million, 133162.5723 million, 126680.8713 million. These values correspond to 14.15%, 14.11%, 14.03%, 4.88%, 4.64% of UNITED STATES's imports and exports, and, respectively, were down 16.87%, down 8.49%, down 16.72%, down 19.05%, down 10.37% comparing to the same period of last year.

Current year until 202009, UNITED STATES and the top five trade partners CANADA, MEXICO, CHINA, JAPAN, UNITED KINGDOM are the top five countries/territories that UNITED STATES exports to in terms of the total export amount. During the current year until 202009, UNITED STATES's exports to these five countries/territories were 186158.6994 million, 153233.5456 million, 81100.6627 million, 48084.2320 million, 43536.2665 million. These values correspond to 17.91%, 14.74%, 7.80%, 4.63%, 4.19% of UNITED STATES's exports and, respectively, were down 15.82%, down 21.06%, up 2.97%, down 13.22%, down 14.89% comparing with the same period of last year.

Current year until 202009, UNITED STATES's exports to top five countries/territories CHINA, MEXICO, CANADA, JAPAN, GERMANY are the top five countries/territories that UNITED STATES imports from in terms of the total export amount. During the current year until 202009, UNITED STATES's imports from these five countries/territories were 303889.5671 million, 232785.7711 million, 196741.4133 million, 85078.3402 million, 83893.3674 million. These values correspond to 17.99%, 13.78%, 11.65%, 5.04%, 4.97% of UNITED STATES's total imports and, respectively, were down 11.13%, down 13.86%, down 17.55%, down 22.00%, down 12.67% comparing with the same period of last year.

During the current year until 202009, the trade surplus of UNITED STATES was mainly from NETHERLANDS, HONG KONG, BRAZIL, UNITED ARAB EMIRATES, UNITED KINGDOM at 13017.5449 million, 10103.8841 million, 9023.6109 million, 8329.3021 million, 6838.6179 million, and down 16.25%, down 50.14%, up 10.29%, down 26.52%, up 56.44%. And the trade deficits were mainly from CHINA, MEXICO, VIETNAM, SWITZERLAND, IRELAND at 222788.9044 million, 79552.2255 million, 49464.4104 million, 47634.1221 million, 41174.5806 million, and down 15.35%, up 4.47%, up 20.77%, up 148.23%, up 6.22%.

Current year until 202009, UNITED STATES's trade surplus or deficit with top five countries/territories During the current year until 202009,  commodities with hs2 codes, 84, 85, 87, 27, 30, were UNITED STATES's top five traded commodities. They correspond to the import and export values of 389282.4207 million, 354675.9217 million, 243102.8400 million, 206589.8208 million, 144519.3582 million, which were down 10.65%, down 7.21%, down 26.54%, down 31.29%, up 6.19% comparing with the same period of last year and account for 14.27%, 13.00%, 8.91%, 7.57%, 5.30% of UNITED STATES's total imports and exports.

During the current year until 202009, 84, 85, 27, 87, 88 were UNITED STATES's top five traded commodities, with total import and export values of 134025.3543 million, 118513.9704 million, 115084.5403 million, 73991.0320 million, 61654.4877 million. These values correspond to 12.89%, 11.40%, 11.07%, 7.12%, 5.93% of UNITED STATES's total exports and, respectively, were down 13.74%, down 7.92%, down 21.15%, down 26.89%, down 38.46% comparing to the same period of last year.

During the current year until 202009, 84, 85, 87, 30, 27 were UNITED STATES's top five traded commodities, with total import values of 255257.0665 million, 236161.9514 million, 169111.8080 million, 104471.3238 million, 91505.2805 million. These values correspond to 15.11%, 13.98%, 10.01%, 6.19%, 5.42% of UNITED STATES's total exports and, respectively, were down 8.93%, down 6.84%, down 26.39%, up 9.29%, down 40.86% comparing to the same period of last year.


2. Current year until 202009, UNITED STATES binational trade profile

According to Dalian Infobank, during the current year until 202009, UNITED STATES-China binational exports and imports of goods amounted to 384990.2297 million and were down 8.49% comparing with the same period of last year. Among these, exports from UNITED STATES to China were 81100.6627 million and up 2.97%, imports from China to UNITED STATES were 303889.5671 million and down 11.13%. The total binational trade deficit was 222788.9044 million and down 15.35%.

During the urrent year until 202009, commodities with hs2 code, 85, 84, 39, 63, 94, were binational trade's top five traded commodities. They correspond to import and export values of 85596.0489 million, 78592.1199 million, 18141.2138 million, 17652.7826 million, 16086.6643 million and makes up 22.23%, 20.41%, 4.71%, 4.59%, 4.18% of the total binational imports and exports. These values were also down 15.37%, down 1.14%, up 3.72%, up 158.06%, down 23.52% comparing to the same period last year.

During the current year until 202009, 85, 84, 90, 27, 87 were the top five traded commodities exported to China from UNITED STATES, with export values of 12405.3430 million, 10262.0742 million, 6792.9958 million, 6051.2458 million, 5294.6214 million. These values account for 15.30%, 12.65%, 8.38%, 7.46%, 6.53% of UNITED STATES's total exports and were up 16.56%, up 8.23%, down 4.79%, up 73.73%, down 17.60% comparing to the same period of last year.

During the current year until 202009, 85, 84, 63, 94, 95 were UNITED STATES's top five traded commodities importing from China , with import values of 73190.7060 million, 68330.0457 million, 17614.2179 million, 15960.8899 million, 15385.2896 million. These values account for 24.08%, 22.49%, 5.80%, 5.25%, 5.06% of UNITED STATES's total imports and were down 19.13%, down 2.41%, up 158.16%, down 23.53%, down 17.61% comparing with the same period of last year.


3.Analysis of import and export trends


Data Source: U.S. Census Bureau