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Monitor Report of UNITED STATES trade and UNITED STATES-China binational trade in 202002

 1.  Overview the trade of UNITED STATES in goods current year until 202002

According to Dalian Infobank, in 202002UNITED STATES's exports and imports of goods amounted to 310372.8119 million, and were down 1.90% comparing with the same period of last year. Among these, exports were up 1.19% at 132056.6177 million, and imports were down 4.07% at 178316.1942 million. And the corresponding trade deficit was 46259.5765 million and down 16.48%.

During the current year until 202002, UNITED STATES's total exports and imports of goods were 635888.3482 million and were down 2.25% comparing to the same period of last year. Among these, exports were 261177.7596 million and up 0.43%; imports were 374710.5886 million and down 4.04%. The total trade deficit was 113532.8290 million and down 12.97%.

If considering by country (region), MEXICO, CANADA, CHINA, JAPAN, GERMANY were UNITED STATES's top five trading partners. During the current year until 202002, UNITED STATES's imports and exports to five countries/territories were 97621.2873 million, 95420.3194 million, 70123.9103 million, 32640.0857 million, 28626.6175 million. These values correspond to 15.35%, 15.01%, 11.03%, 5.13%, 4.50% of UNITED STATES's imports and exports, and, respectively, were up 0.21%, up 3.28%, down 22.40%, down 6.03%, down 2.90% comparing to the same period of last year.

Current year until 202002, 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 202002, UNITED STATES's exports to these five countries/territories were 45692.3375 million, 40231.4278 million, 14030.2806 million, 12319.1887 million, 11542.2918 million. These values correspond to 17.49%, 15.40%, 5.37%, 4.72%, 4.42% of UNITED STATES's exports and, respectively, were down 0.14%, down 4.49%, down 9.88%, up 3.66%, down 2.20% comparing with the same period of last year.

Current year until 202002, UNITED STATES's exports to top five countries/territories MEXICO, CHINA, 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 202002, UNITED STATES's imports from these five countries/territories were 57389.8595 million, 56093.6297 million, 49727.9818 million, 21097.7939 million, 18889.2538 million. These values correspond to 15.32%, 14.97%, 13.27%, 5.63%, 5.04% of UNITED STATES's total imports and, respectively, were up 3.79%, down 25.01%, up 6.62%, down 8.00%, down 3.67% comparing with the same period of last year.

During the current year until 202002, the trade surplus of UNITED STATES was mainly from NETHERLANDS, HONG KONG, UNITED KINGDOM, BRAZIL, UNITED ARAB EMIRATES at 4441.5802 million, 3429.3897 million, 3257.8570 million, 3143.3633 million, 2673.5177 million, and down 7.36%, down 29.13%, up 20.65%, up 96.31%, up 2.37%. And the trade deficits were mainly from CHINA, MEXICO, VIETNAM, JAPAN, GERMANY at 42063.3491 million, 17158.4317 million, 10271.9811 million, 9555.5021 million, 9151.8901 million, and down 28.98%, up 30.28%, up 10.75%, down 14.16%, down 5.98%.

Current year until 202002, UNITED STATES's trade surplus or deficit with top five countries/territories During the current year until 202002,  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 84895.4139 million, 77481.8381 million, 64866.1350 million, 63921.1124 million, 29584.2310 million, which were down 6.00%, down 3.91%, up 8.47%, down 5.21%, up 10.92% comparing with the same period of last year and account for 13.35%, 12.18%, 10.20%, 10.05%, 4.65% of UNITED STATES's total imports and exports.

During the current year until 202002, 27, 84, 85, 87, 88 were UNITED STATES's top five traded commodities, with total import and export values of 35604.3166 million, 31418.8400 million, 28089.6426 million, 19917.3123 million, 19463.9561 million. These values correspond to 13.63%, 12.03%, 10.75%, 7.63%, 7.45% of UNITED STATES's total exports and, respectively, were up 16.75%, down 3.44%, up 2.07%, down 1.74%, down 6.58% comparing to the same period of last year.

During the current year until 202002, 84, 85, 87, 27, 30 were UNITED STATES's top five traded commodities, with total import values of 53476.5739 million, 49392.1954 million, 44003.8001 million, 29261.8184 million, 21180.4707 million. These values correspond to 14.27%, 13.18%, 11.74%, 7.81%, 5.65% of UNITED STATES's total exports and, respectively, were down 7.44%, down 7.01%, down 6.70%, down 0.16%, up 16.47% comparing to the same period of last year.


2. Current year until 202002, UNITED STATES binational trade profile

According to Dalian Infobank, during the current year until 202002, UNITED STATES-China binational exports and imports of goods amounted to 70123.9103 million and were down 22.40% comparing with the same period of last year. Among these, exports from UNITED STATES to China were 14030.2806 million and down 9.88%, imports from China to UNITED STATES were 56093.6297 million and down 25.01%. The total binational trade deficit was 42063.3491 million and down 28.98%.

During the urrent year until 202002, 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 15808.6954 million, 12471.9808 million, 3782.0940 million, 3584.4380 million, 3166.8790 million and makes up 22.54%, 17.79%, 5.39%, 5.11%, 4.52% of the total binational imports and exports. These values were also down 25.92%, down 22.83%, down 28.97%, down 10.61%, down 19.19% comparing to the same period last year.

During the current year until 202002, 85, 84, 90, 12, 87 were the top five traded commodities exported to China from UNITED STATES, with export values of 2402.3507 million, 1713.2758 million, 1288.0135 million, 1049.4786 million, 1044.3669 million. These values account for 17.12%, 12.21%, 9.18%, 7.48%, 7.44% of UNITED STATES's total exports and were up 3.50%, up 1.98%, down 0.86%, down 16.96%, down 28.44% comparing to the same period of last year.

During the current year until 202002, 85, 84, 94, 39, 95 were UNITED STATES's top five traded commodities importing from China , with import values of 13406.3446 million, 10758.7050 million, 3751.7041 million, 2805.7088 million, 2386.8090 million. These values account for 23.90%, 19.18%, 6.69%, 5.00%, 4.26% of UNITED STATES's total imports and were down 29.51%, down 25.71%, down 29.09%, down 12.57%, down 22.47% comparing with the same period of last year.


3.Analysis of import and export trends


Data Source: U.S. Census Bureau