Close

Monitor Report of UNITED STATES trade and UNITED STATES-China binational trade in 202006

 1.  Overview the trade of UNITED STATES in goods current year until 202006

According to Dalian Infobank, in 202006UNITED STATES's exports and imports of goods amounted to 284771.9351 million, and were down 17.58% comparing with the same period of last year. Among these, exports were down 23.92% at 105043.2393 million, and imports were down 13.36% at 179728.6958 million. And the corresponding trade deficit was 74685.4565 million and up 7.64%.

During the current year until 202006, UNITED STATES's total exports and imports of goods were 1765324.8185 million and were down 14.28% comparing to the same period of last year. Among these, exports were 687155.3994 million and down 16.57%; imports were 1078169.4191 million and down 12.75%. The total trade deficit was 391014.0197 million and down 5.13%.

If considering by country (region), CANADA, MEXICO, CHINA, JAPAN, GERMANY were UNITED STATES's top five trading partners. During the current year until 202006, UNITED STATES's imports and exports to five countries/territories were 245004.3388 million, 243090.9288 million, 230698.3178 million, 90152.6898 million, 82123.2559 million. These values correspond to 13.88%, 13.77%, 13.07%, 5.11%, 4.65% of UNITED STATES's imports and exports, and, respectively, were down 20.00%, down 21.30%, down 14.89%, down 17.84%, down 11.36% comparing to the same period of last year.

Current year until 202006, 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 202006, UNITED STATES's exports to these five countries/territories were 118949.3804 million, 99034.6182 million, 49490.8058 million, 33191.2341 million, 29674.6796 million. These values correspond to 17.31%, 14.41%, 7.20%, 4.83%, 4.32% of UNITED STATES's exports and, respectively, were down 19.70%, down 23.39%, down 4.83%, down 9.91%, down 13.02% comparing with the same period of last year.

Current year until 202006, 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 202006, UNITED STATES's imports from these five countries/territories were 181207.5120 million, 144056.3106 million, 126054.9584 million, 56961.4557 million, 54543.9433 million. These values correspond to 16.81%, 13.36%, 11.69%, 5.28%, 5.06% of UNITED STATES's total imports and, respectively, were down 17.27%, down 19.80%, down 20.29%, down 21.85%, down 12.40% comparing with the same period of last year.

During the current year until 202006, the trade surplus of UNITED STATES was mainly from NETHERLANDS, BRAZIL, UNITED ARAB EMIRATES, HONG KONG, UNITED KINGDOM at 9136.3030 million, 6152.5494 million, 5968.2436 million, 5720.6296 million, 4858.5366 million, and down 26.05%, up 16.67%, down 22.62%, down 58.13%, up 55.66%. And the trade deficits were mainly from CHINA, MEXICO, SWITZERLAND, IRELAND, VIETNAM at 131716.7062 million, 45021.6923 million, 33831.2139 million, 28198.0177 million, 27966.7007 million, and down 21.15%, down 10.56%, up 182.03%, up 10.84%, up 10.36%.

Current year until 202006, UNITED STATES's trade surplus or deficit with top five countries/territories During the current year until 202006,  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 251784.6516 million, 223394.0356 million, 146027.5773 million, 141590.1129 million, 96372.9571 million, which were down 13.77%, down 10.03%, down 34.11%, down 29.49%, up 9.20% comparing with the same period of last year and account for 14.26%, 12.65%, 8.27%, 8.02%, 5.46% of UNITED STATES's total imports and exports.

During the current year until 202006, 84, 27, 85, 88, 87 were UNITED STATES's top five traded commodities, with total import and export values of 87777.4459 million, 79543.7570 million, 77888.4554 million, 44682.2363 million, 43993.8010 million. These values correspond to 12.77%, 11.58%, 11.33%, 6.50%, 6.40% of UNITED STATES's total exports and, respectively, were down 16.25%, down 18.40%, down 8.58%, down 33.66%, down 35.12% comparing to the same period of last year.

During the current year until 202006, 84, 85, 87, 30, 27 were UNITED STATES's top five traded commodities, with total import values of 164007.2057 million, 145505.5801 million, 102033.7762 million, 69805.5712 million, 62046.3559 million. These values correspond to 15.21%, 13.50%, 9.46%, 6.47%, 5.75% of UNITED STATES's total exports and, respectively, were down 12.39%, down 10.78%, down 33.66%, up 13.90%, down 39.94% comparing to the same period of last year.


2. Current year until 202006, UNITED STATES binational trade profile

According to Dalian Infobank, during the current year until 202006, UNITED STATES-China binational exports and imports of goods amounted to 230698.3178 million and were down 14.89% comparing with the same period of last year. Among these, exports from UNITED STATES to China were 49490.8058 million and down 4.83%, imports from China to UNITED STATES were 181207.5120 million and down 17.27%. The total binational trade deficit was 131716.7062 million and down 21.15%.

During the urrent year until 202006, commodities with hs2 code, 85, 84, 39, 63, 90, were binational trade's top five traded commodities. They correspond to import and export values of 52686.8165 million, 48066.9950 million, 11076.0127 million, 10166.6460 million, 10003.3721 million and makes up 22.84%, 20.84%, 4.80%, 4.41%, 4.34% of the total binational imports and exports. These values were also down 18.92%, down 10.75%, down 3.60%, up 139.17%, down 3.11% comparing to the same period last year.

During the current year until 202006, 85, 84, 90, 87, 27 were the top five traded commodities exported to China from UNITED STATES, with export values of 8162.3550 million, 6532.1313 million, 4466.6003 million, 2994.5752 million, 2952.6219 million. These values account for 16.49%, 13.20%, 9.03%, 6.05%, 5.97% of UNITED STATES's total exports and were up 13.21%, up 0.77%, down 6.36%, down 28.72%, up 40.69% comparing to the same period of last year.

During the current year until 202006, 85, 84, 63, 94, 39 were UNITED STATES's top five traded commodities importing from China , with import values of 44524.4615 million, 41534.8636 million, 10134.1753 million, 9616.8521 million, 8440.7703 million. These values account for 24.57%, 22.92%, 5.59%, 5.31%, 4.66% of UNITED STATES's total imports and were down 22.93%, down 12.32%, up 139.02%, down 32.54%, down 5.22% comparing with the same period of last year.


3.Analysis of import and export trends


Data Source: U.S. Census Bureau