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Monitor Report of UNITED STATES trade and UNITED STATES-China binational trade in 202004

 1.  Overview the trade of UNITED STATES in goods current year until 202004

According to Dalian Infobank, in 202004UNITED STATES's exports and imports of goods amounted to 261199.5907 million, and were down 24.10% comparing with the same period of last year. Among these, exports were down 29.12% at 95774.3977 million, and imports were down 20.85% at 165425.1930 million. And the corresponding trade deficit was 69650.7953 million and down 5.74%.

During the current year until 202004, UNITED STATES's total exports and imports of goods were 1225972.0523 million and were down 9.24% comparing to the same period of last year. Among these, exports were 491459.8730 million and down 9.55%; imports were 734512.1792 million and down 9.04%. The total trade deficit was 243052.3062 million and down 7.98%.

If considering by country (region), MEXICO, CANADA, CHINA, JAPAN, GERMANY were UNITED STATES's top five trading partners. During the current year until 202004, UNITED STATES's imports and exports to five countries/territories were 176132.6122 million, 173842.2242 million, 137576.7325 million, 66547.3969 million, 59402.8335 million. These values correspond to 14.37%, 14.18%, 11.22%, 5.43%, 4.85% of UNITED STATES's imports and exports, and, respectively, were down 13.31%, down 12.38%, down 21.23%, down 8.78%, down 4.45% comparing to the same period of last year.

Current year until 202004, 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 202004, UNITED STATES's exports to these five countries/territories were 84014.4196 million, 72807.0390 million, 30606.8658 million, 23614.7176 million, 21428.1639 million. These values correspond to 17.09%, 14.81%, 6.23%, 4.81%, 4.36% of UNITED STATES's exports and, respectively, were down 13.66%, down 15.51%, down 9.69%, down 1.54%, down 8.39% comparing with the same period of last year.

Current year until 202004, 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 202004, UNITED STATES's imports from these five countries/territories were 106969.8667 million, 103325.5732 million, 89827.8047 million, 42932.6793 million, 39457.7881 million. These values correspond to 14.56%, 14.07%, 12.23%, 5.85%, 5.37% of UNITED STATES's total imports and, respectively, were down 24.01%, down 11.70%, down 11.15%, down 12.32%, down 5.39% comparing with the same period of last year.

During the current year until 202004, the trade surplus of UNITED STATES was mainly from NETHERLANDS, BRAZIL, HONG KONG, UNITED ARAB EMIRATES, BELGIUM at 6986.6076 million, 5351.8974 million, 4738.2013 million, 4508.8109 million, 3261.1793 million, and down 22.87%, up 54.40%, down 47.27%, down 11.75%, down 41.14%. And the trade deficits were mainly from CHINA, MEXICO, IRELAND, GERMANY, JAPAN at 76363.0009 million, 30518.5342 million, 19649.8269 million, 19512.7427 million, 19317.9618 million, and down 28.55%, down 1.05%, up 21.92%, down 8.12%, down 22.68%.

Current year until 202004, UNITED STATES's trade surplus or deficit with top five countries/territories During the current year until 202004,  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 169415.8582 million, 149745.3843 million, 113391.9494 million, 109803.2063 million, 64599.0298 million, which were down 11.23%, down 8.62%, down 21.49%, down 14.39%, up 10.65% comparing with the same period of last year and account for 13.82%, 12.21%, 9.25%, 8.96%, 5.27% of UNITED STATES's total imports and exports.

During the current year until 202004, 27, 84, 85, 88, 87 were UNITED STATES's top five traded commodities, with total import and export values of 62392.5148 million, 60811.7765 million, 54008.5472 million, 34501.3169 million, 33898.4770 million. These values correspond to 12.70%, 12.37%, 10.99%, 7.02%, 6.90% of UNITED STATES's total exports and, respectively, were down 2.22%, down 12.12%, down 4.41%, down 21.31%, down 23.33% comparing to the same period of last year.

During the current year until 202004, 84, 85, 87, 27, 30 were UNITED STATES's top five traded commodities, with total import values of 108604.0817 million, 95736.8371 million, 79493.4724 million, 47410.6915 million, 46899.7550 million. These values correspond to 14.79%, 13.03%, 10.82%, 6.45%, 6.39% of UNITED STATES's total exports and, respectively, were down 10.73%, down 10.83%, down 20.68%, down 26.45%, up 16.31% comparing to the same period of last year.


2. Current year until 202004, UNITED STATES binational trade profile

According to Dalian Infobank, during the current year until 202004, UNITED STATES-China binational exports and imports of goods amounted to 137576.7325 million and were down 21.23% comparing with the same period of last year. Among these, exports from UNITED STATES to China were 30606.8658 million and down 9.69%, imports from China to UNITED STATES were 106969.8667 million and down 24.01%. The total binational trade deficit was 76363.0009 million and down 28.55%.

During the urrent year until 202004, commodities with hs2 code, 85, 84, 39, 94, 90, were binational trade's top five traded commodities. They correspond to import and export values of 31954.5705 million, 28236.0961 million, 6656.3998 million, 6140.6538 million, 5933.2903 million and makes up 23.23%, 20.52%, 4.84%, 4.46%, 4.31% of the total binational imports and exports. These values were also down 24.03%, down 15.94%, down 10.70%, down 34.84%, down 10.42% comparing to the same period last year.

During the current year until 202004, 85, 84, 90, 87, 39 were the top five traded commodities exported to China from UNITED STATES, with export values of 5334.0326 million, 4168.7710 million, 2840.8380 million, 2100.7918 million, 1560.7300 million. These values account for 17.43%, 13.62%, 9.28%, 6.86%, 5.10% of UNITED STATES's total exports and were up 9.04%, up 4.43%, down 4.12%, down 28.25%, down 8.30% comparing to the same period of last year.

During the current year until 202004, 85, 84, 94, 39, 95 were UNITED STATES's top five traded commodities importing from China , with import values of 26620.5379 million, 24067.3251 million, 6080.9977 million, 5095.6698 million, 3938.6319 million. These values account for 24.89%, 22.50%, 5.68%, 4.76%, 3.68% of UNITED STATES's total imports and were down 28.38%, down 18.69%, down 34.96%, down 11.40%, down 29.52% comparing with the same period of last year.


3.Analysis of import and export trends


Data Source: U.S. Census Bureau