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Monitor Report of UNITED STATES trade and UNITED STATES-China binational trade in 202003

 1.  Overview the trade of UNITED STATES in goods current year until 202003

According to Dalian Infobank, in 202003UNITED STATES's exports and imports of goods amounted to 328884.1133 million, and were down 7.65% comparing with the same period of last year. Among these, exports were down 9.22% at 134507.7157 million, and imports were down 6.54% at 194376.3977 million. And the corresponding trade deficit was 59868.6820 million and up 0.11%.

During the current year until 202003, UNITED STATES's total exports and imports of goods were 964772.4616 million and were down 4.16% comparing to the same period of last year. Among these, exports were 395685.4753 million and down 3.07%; imports were 569086.9863 million and down 4.91%. The total trade deficit was 173401.5109 million and down 8.86%.

If considering by country (region), MEXICO, CANADA, CHINA, JAPAN, GERMANY were UNITED STATES's top five trading partners. During the current year until 202003, UNITED STATES's imports and exports to five countries/territories were 147775.9267 million, 144075.9354 million, 97901.2264 million, 51405.1427 million, 46869.2943 million. These values correspond to 15.32%, 14.93%, 10.15%, 5.33%, 4.86% of UNITED STATES's imports and exports, and, respectively, were down 1.86%, down 1.63%, down 25.81%, down 5.26%, up 0.34% comparing to the same period of last year.

Current year until 202003, 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 202003, UNITED STATES's exports to these five countries/territories were 69223.7068 million, 60279.4963 million, 22002.1704 million, 18141.8247 million, 17835.1938 million. These values correspond to 17.49%, 15.23%, 5.56%, 4.58%, 4.51% of UNITED STATES's exports and, respectively, were down 4.00%, down 5.75%, down 15.36%, down 0.64%, down 1.14% comparing with the same period of last year.

Current year until 202003, 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 202003, UNITED STATES's imports from these five countries/territories were 87496.4304 million, 75899.0560 million, 74852.2286 million, 33263.3179 million, 31020.2637 million. These values correspond to 15.37%, 13.34%, 13.15%, 5.85%, 5.45% of UNITED STATES's total imports and, respectively, were up 1.00%, down 28.38%, up 0.68%, down 7.60%, down 0.05% comparing with the same period of last year.

During the current year until 202003, the trade surplus of UNITED STATES was mainly from NETHERLANDS, HONG KONG, BRAZIL, UNITED ARAB EMIRATES, UNITED KINGDOM at 6141.9420 million, 5413.0494 million, 4670.0832 million, 3820.6239 million, 3734.4782 million, and down 15.30%, down 24.00%, up 75.28%, down 5.10%, up 23.55%. And the trade deficits were mainly from CHINA, MEXICO, GERMANY, JAPAN, IRELAND at 53896.8856 million, 27216.9340 million, 15171.2330 million, 15121.4932 million, 15053.2433 million, and down 32.61%, up 20.03%, down 1.26%, down 14.77%, up 25.22%.

Current year until 202003, UNITED STATES's trade surplus or deficit with top five countries/territories During the current year until 202003,  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 130377.7614 million, 117262.4031 million, 98868.8642 million, 92437.0338 million, 48293.3191 million, which were down 7.67%, down 5.17%, down 8.09%, down 0.42%, up 14.73% comparing with the same period of last year and account for 13.51%, 12.15%, 10.25%, 9.58%, 5.01% of UNITED STATES's total imports and exports.

During the current year until 202003, 27, 84, 85, 87, 88 were UNITED STATES's top five traded commodities, with total import and export values of 51532.6485 million, 48292.4279 million, 42555.9501 million, 30411.1815 million, 29909.4469 million. These values correspond to 13.02%, 12.20%, 10.75%, 7.69%, 7.56% of UNITED STATES's total exports and, respectively, were up 9.94%, down 6.25%, down 0.30%, down 7.36%, down 12.11% comparing to the same period of last year.

During the current year until 202003, 84, 85, 87, 27, 30 were UNITED STATES's top five traded commodities, with total import values of 82085.3335 million, 74706.4530 million, 68457.6827 million, 40904.3853 million, 34908.2948 million. These values correspond to 14.42%, 13.13%, 12.03%, 7.19%, 6.13% of UNITED STATES's total exports and, respectively, were down 8.49%, down 7.74%, down 8.41%, down 10.99%, up 22.74% comparing to the same period of last year.


2. Current year until 202003, UNITED STATES binational trade profile

According to Dalian Infobank, during the current year until 202003, UNITED STATES-China binational exports and imports of goods amounted to 97901.2264 million and were down 25.81% comparing with the same period of last year. Among these, exports from UNITED STATES to China were 22002.1704 million and down 15.36%, imports from China to UNITED STATES were 75899.0560 million and down 28.38%. The total binational trade deficit was 53896.8856 million and down 32.61%.

During the urrent year until 202003, commodities with hs2 code, 85, 84, 39, 94, 87, were binational trade's top five traded commodities. They correspond to import and export values of 23145.4281 million, 18693.8464 million, 4698.3663 million, 4567.1256 million, 4344.5657 million and makes up 23.64%, 19.09%, 4.80%, 4.67%, 4.44% of the total binational imports and exports. These values were also down 26.74%, down 23.87%, down 16.36%, down 36.18%, down 26.97% comparing to the same period last year.

During the current year until 202003, 85, 84, 90, 87, 12 were the top five traded commodities exported to China from UNITED STATES, with export values of 3810.4847 million, 2891.1149 million, 2078.0163 million, 1520.8388 million, 1192.4182 million. These values account for 17.32%, 13.14%, 9.44%, 6.91%, 5.42% of UNITED STATES's total exports and were up 3.32%, up 3.15%, down 6.58%, down 35.77%, down 33.65% comparing to the same period of last year.

During the current year until 202003, 85, 84, 94, 39, 95 were UNITED STATES's top five traded commodities importing from China , with import values of 19334.9434 million, 15802.7315 million, 4522.6019 million, 3549.2506 million, 2945.2746 million. These values account for 25.47%, 20.82%, 5.96%, 4.68%, 3.88% of UNITED STATES's total imports and were down 30.71%, down 27.35%, down 36.29%, down 18.31%, down 29.55% comparing with the same period of last year.


3.Analysis of import and export trends


Data Source: U.S. Census Bureau