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Monitor Report of UNITED STATES trade and UNITED STATES-China binational trade in 202005

 1.  Overview the trade of UNITED STATES in goods current year until 202005

According to Dalian Infobank, in 202005UNITED STATES's exports and imports of goods amounted to 254580.8312 million, and were down 29.88% comparing with the same period of last year. Among these, exports were down 36.25% at 90652.2871 million, and imports were down 25.77% at 163928.5441 million. And the corresponding trade deficit was 73276.2570 million and down 6.81%.

During the current year until 202005, UNITED STATES's total exports and imports of goods were 1480552.8835 million and were down 13.61% comparing to the same period of last year. Among these, exports were 582112.1601 million and down 15.09%; imports were 898440.7234 million and down 12.63%. The total trade deficit was 316328.5632 million and down 7.71%.

If considering by country (region), CANADA, MEXICO, CHINA, JAPAN, GERMANY were UNITED STATES's top five trading partners. During the current year until 202005, UNITED STATES's imports and exports to five countries/territories were 204544.0026 million, 201499.7765 million, 183816.6008 million, 78725.6121 million, 70414.9227 million. These values correspond to 13.82%, 13.61%, 12.42%, 5.32%, 4.76% of UNITED STATES's imports and exports, and, respectively, were down 19.36%, down 21.82%, down 17.57%, down 14.05%, down 10.05% comparing to the same period of last year.

Current year until 202005, 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 202005, UNITED STATES's exports to these five countries/territories were 98846.5193 million, 83247.3624 million, 40248.5680 million, 28414.7309 million, 25124.7273 million. These values correspond to 16.98%, 14.30%, 6.91%, 4.88%, 4.32% of UNITED STATES's exports and, respectively, were down 19.82%, down 23.36%, down 6.32%, down 7.25%, down 12.58% comparing with the same period of last year.

Current year until 202005, 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 202005, UNITED STATES's imports from these five countries/territories were 143568.0328 million, 118252.4141 million, 105697.4833 million, 50310.8811 million, 46780.0406 million. These values correspond to 15.98%, 13.16%, 11.76%, 5.60%, 5.21% of UNITED STATES's total imports and, respectively, were down 20.26%, down 20.69%, down 18.94%, down 17.48%, down 11.21% comparing with the same period of last year.

During the current year until 202005, the trade surplus of UNITED STATES was mainly from NETHERLANDS, BRAZIL, UNITED ARAB EMIRATES, HONG KONG, UNITED KINGDOM at 8168.9562 million, 5869.6609 million, 5208.9952 million, 4402.8967 million, 3622.3491 million, and down 21.24%, up 46.72%, down 21.27%, down 60.42%, up 41.51%. And the trade deficits were mainly from CHINA, MEXICO, SWITZERLAND, IRELAND, GERMANY at 103319.4649 million, 35005.0518 million, 27393.0950 million, 24161.4410 million, 23145.1584 million, and down 24.63%, down 13.54%, up 168.52%, up 14.12%, down 14.56%.

Current year until 202005, UNITED STATES's trade surplus or deficit with top five countries/territories During the current year until 202005,  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 207693.7995 million, 183311.3672 million, 124044.5475 million, 123646.8595 million, 79620.2607 million, which were down 14.27%, down 11.43%, down 25.46%, down 32.79%, up 7.97% comparing with the same period of last year and account for 14.03%, 12.38%, 8.38%, 8.35%, 5.38% of UNITED STATES's total imports and exports.

During the current year until 202005, 84, 27, 85, 88, 87 were UNITED STATES's top five traded commodities, with total import and export values of 73041.9575 million, 70109.0353 million, 64794.8930 million, 39166.4210 million, 37079.6483 million. These values correspond to 12.55%, 12.04%, 11.13%, 6.73%, 6.37% of UNITED STATES's total exports and, respectively, were down 16.55%, down 13.39%, down 8.61%, down 28.98%, down 34.53% comparing to the same period of last year.

During the current year until 202005, 84, 85, 87, 30, 27 were UNITED STATES's top five traded commodities, with total import values of 134651.8420 million, 118516.4742 million, 86567.2112 million, 57523.2343 million, 53935.5122 million. These values correspond to 14.99%, 13.19%, 9.64%, 6.40%, 6.00% of UNITED STATES's total exports and, respectively, were down 12.97%, down 12.89%, down 32.02%, up 12.53%, down 36.88% comparing to the same period of last year.


2. Current year until 202005, UNITED STATES binational trade profile

According to Dalian Infobank, during the current year until 202005, UNITED STATES-China binational exports and imports of goods amounted to 183816.6008 million and were down 17.57% comparing with the same period of last year. Among these, exports from UNITED STATES to China were 40248.5680 million and down 6.32%, imports from China to UNITED STATES were 143568.0328 million and down 20.26%. The total binational trade deficit was 103319.4649 million and down 24.63%.

During the urrent year until 202005, commodities with hs2 code, 85, 84, 39, 90, 94, were binational trade's top five traded commodities. They correspond to import and export values of 42092.4194 million, 38267.8294 million, 8816.1052 million, 7945.3453 million, 7854.5759 million and makes up 22.90%, 20.82%, 4.80%, 4.32%, 4.27% of the total binational imports and exports. These values were also down 21.74%, down 11.80%, down 7.56%, down 6.83%, down 34.97% comparing to the same period last year.

During the current year until 202005, 85, 84, 90, 87, 39 were the top five traded commodities exported to China from UNITED STATES, with export values of 6792.2366 million, 5401.2345 million, 3642.0871 million, 2322.6060 million, 2090.1488 million. These values account for 16.88%, 13.42%, 9.05%, 5.77%, 5.19% of UNITED STATES's total exports and were up 11.65%, up 3.13%, down 6.44%, down 34.86%, down 2.54% comparing to the same period of last year.

During the current year until 202005, 85, 84, 94, 63, 39 were UNITED STATES's top five traded commodities importing from China , with import values of 35300.1828 million, 32866.5949 million, 7781.1732 million, 7447.7877 million, 6725.9564 million. These values account for 24.59%, 22.89%, 5.42%, 5.19%, 4.68% of UNITED STATES's total imports and were down 26.00%, down 13.85%, down 35.07%, up 114.19%, down 9.01% comparing with the same period of last year.


3.Analysis of import and export trends


Data Source: U.S. Census Bureau