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Monitor Report of UNITED STATES trade and UNITED STATES-China binational trade in 202001

 1.  Overview the trade of UNITED STATES in goods current year until 202001

According to Dalian Infobank, in 202001UNITED STATES's exports and imports of goods amounted to 325515.5363 million, and were down 2.58% comparing with the same period of last year. Among these, exports were down 0.33% at 129121.1420 million, and imports were down 4.01% at 196394.3944 million. And the corresponding trade deficit was 67273.2524 million and down 10.38%.

During the current year until 202001, UNITED STATES's total exports and imports of goods were 325515.5363 million and were down 2.58% comparing to the same period of last year. Among these, exports were 129121.1420 million and down 0.33%; imports were 196394.3944 million and down 4.01%. The total trade deficit was 67273.2524 million and down 10.38%.

If considering by country (region), MEXICO, CANADA, CHINA, JAPAN, GERMANY were UNITED STATES's top five trading partners. During the current year until 202001, UNITED STATES's imports and exports to five countries/territories were 49165.7120 million, 47926.6032 million, 40495.8485 million, 15892.9857 million, 14500.8747 million. These values correspond to 15.10%, 14.72%, 12.44%, 4.88%, 4.45% of UNITED STATES's imports and exports, and, respectively, were down 0.87%, up 4.13%, down 16.91%, down 11.09%, down 4.66% comparing to the same period of last year.

Current year until 202001, UNITED STATES and the top five trade partners CANADA, MEXICO, CHINA, UNITED KINGDOM, JAPAN are the top five countries/territories that UNITED STATES exports to in terms of the total export amount. During the current year until 202001, UNITED STATES's exports to these five countries/territories were 22545.2842 million, 20833.9574 million, 7215.2774 million, 5832.5792 million, 5454.4679 million. These values correspond to 17.46%, 16.14%, 5.59%, 4.52%, 4.22% of UNITED STATES's exports and, respectively, were down 0.40%, down 4.93%, up 1.13%, down 0.43%, down 13.97% comparing with the same period of last year.

Current year until 202001, 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 202001, UNITED STATES's imports from these five countries/territories were 33280.5712 million, 28331.7546 million, 25381.3190 million, 10438.5179 million, 9782.5681 million. These values correspond to 16.95%, 14.43%, 12.92%, 5.32%, 4.98% of UNITED STATES's total imports and, respectively, were down 20.01%, up 2.35%, up 8.51%, down 9.50%, down 4.43% comparing with the same period of last year.

During the current year until 202001, the trade surplus of UNITED STATES was mainly from NETHERLANDS, HONG KONG, BRAZIL, UNITED KINGDOM, UNITED ARAB EMIRATES at 1963.5843 million, 1652.4278 million, 1397.5734 million, 1272.9661 million, 1208.3802 million, and down 21.29%, down 2.26%, up 63.78%, down 18.92%, up 9.35%. And the trade deficits were mainly from CHINA, MEXICO, VIETNAM, IRELAND, GERMANY at 26065.2938 million, 7497.7972 million, 5239.7243 million, 5163.2422 million, 5064.2615 million, and down 24.38%, up 29.99%, up 11.82%, up 25.11%, down 3.76%.

Current year until 202001, UNITED STATES's trade surplus or deficit with top five countries/territories During the current year until 202001,  commodities with hs2 codes, 84, 85, 27, 87, 30, were UNITED STATES's top five traded commodities. They correspond to the import and export values of 44219.4104 million, 40339.1534 million, 33973.1989 million, 30298.3752 million, 15011.9877 million, which were down 5.16%, down 3.52%, up 8.46%, down 7.53%, up 4.78% comparing with the same period of last year and account for 13.58%, 12.39%, 10.44%, 9.31%, 4.61% of UNITED STATES's total imports and exports.

During the current year until 202001, 27, 84, 85, 88, 87 were UNITED STATES's top five traded commodities, with total import and export values of 18031.0290 million, 15677.0439 million, 14244.3728 million, 9462.9567 million, 8989.9186 million. These values correspond to 13.96%, 12.14%, 11.03%, 7.33%, 6.96% of UNITED STATES's total exports and, respectively, were up 14.67%, down 6.08%, up 2.34%, down 3.41%, down 2.95% comparing to the same period of last year.

During the current year until 202001, 84, 85, 87, 27, 30 were UNITED STATES's top five traded commodities, with total import values of 28542.3665 million, 26094.7806 million, 21308.4566 million, 15942.1699 million, 10733.5124 million. These values correspond to 14.53%, 13.29%, 10.85%, 8.12%, 5.47% of UNITED STATES's total exports and, respectively, were down 4.65%, down 6.44%, down 9.34%, up 2.19%, up 6.91% comparing to the same period of last year.


2. Current year until 202001, UNITED STATES binational trade profile

According to Dalian Infobank, during the current year until 202001, UNITED STATES-China binational exports and imports of goods amounted to 40495.8485 million and were down 16.91% comparing with the same period of last year. Among these, exports from UNITED STATES to China were 7215.2774 million and up 1.13%, imports from China to UNITED STATES were 33280.5712 million and down 20.01%. The total binational trade deficit was 26065.2938 million and down 24.38%.

During the urrent year until 202001, commodities with hs2 code, 85, 84, 94, 39, 87, were binational trade's top five traded commodities. They correspond to import and export values of 9545.9615 million, 7310.2248 million, 2225.6442 million, 2003.3855 million, 1671.9000 million and makes up 23.57%, 18.05%, 5.50%, 4.95%, 4.13% of the total binational imports and exports. These values were also down 20.05%, down 17.97%, down 23.91%, down 8.27%, down 8.28% comparing to the same period last year.

During the current year until 202001, 85, 84, 12, 90, 87 were the top five traded commodities exported to China from UNITED STATES, with export values of 1179.1475 million, 911.3346 million, 820.9760 million, 595.7682 million, 509.8813 million. These values account for 16.34%, 12.63%, 11.38%, 8.26%, 7.07% of UNITED STATES's total exports and were up 12.87%, up 5.36%, up 66.93%, down 9.29%, down 1.23% comparing to the same period of last year.

During the current year until 202001, 85, 84, 94, 39, 95 were UNITED STATES's top five traded commodities importing from China , with import values of 8366.8140 million, 6398.8901 million, 2211.2542 million, 1607.3855 million, 1384.5419 million. These values account for 25.14%, 19.23%, 6.64%, 4.83%, 4.16% of UNITED STATES's total imports and were down 23.21%, down 20.47%, down 23.94%, down 9.26%, down 17.47% comparing with the same period of last year.


3.Analysis of import and export trends


Data Source: U.S. Census Bureau