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Monitor Report of UNITED STATES trade and UNITED STATES-China binational trade in 202007

 1.  Overview the trade of UNITED STATES in goods current year until 202007

According to Dalian Infobank, in 202007UNITED STATES's exports and imports of goods amounted to 313438.1311 million, and were down 10.91% comparing with the same period of last year. Among these, exports were down 15.18% at 112663.6776 million, and imports were down 8.32% at 200774.4536 million. And the corresponding trade deficit was 88110.7760 million and up 2.27%.

During the current year until 202007, UNITED STATES's total exports and imports of goods were 2078762.9497 million and were down 13.79% comparing to the same period of last year. Among these, exports were 799819.0770 million and down 16.38%; imports were 1278943.8727 million and down 12.08%. The total trade deficit was 479124.7957 million and down 3.85%.

If considering by country (region), MEXICO, CANADA, CHINA, JAPAN, GERMANY were UNITED STATES's top five trading partners. During the current year until 202007, UNITED STATES's imports and exports to five countries/territories were 290627.6550 million, 288426.7207 million, 280392.6422 million, 103449.3587 million, 95773.9127 million. These values correspond to 13.98%, 13.87%, 13.49%, 4.98%, 4.61% of UNITED STATES's imports and exports, and, respectively, were down 19.52%, down 19.09%, down 12.73%, down 19.94%, down 11.71% comparing to the same period of last year.

Current year until 202007, 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 202007, UNITED STATES's exports to these five countries/territories were 140031.2594 million, 117483.4123 million, 58527.8473 million, 38038.1092 million, 33767.1416 million. These values correspond to 17.51%, 14.69%, 7.32%, 4.76%, 4.22% of UNITED STATES's exports and, respectively, were down 18.34%, down 22.40%, down 3.63%, down 12.39%, down 14.40% comparing with the same period of last year.

Current year until 202007, 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 202007, UNITED STATES's imports from these five countries/territories were 221864.7949 million, 173144.2427 million, 148395.4613 million, 65411.2495 million, 63313.7293 million. These values correspond to 17.35%, 13.54%, 11.60%, 5.11%, 4.95% of UNITED STATES's total imports and, respectively, were down 14.85%, down 17.44%, down 19.78%, down 23.76%, down 14.06% comparing with the same period of last year.

During the current year until 202007, the trade surplus of UNITED STATES was mainly from NETHERLANDS, HONG KONG, BRAZIL, UNITED ARAB EMIRATES, UNITED KINGDOM at 10791.3337 million, 6956.5417 million, 6849.4725 million, 6706.6348 million, 5027.0573 million, and down 21.29%, down 55.57%, up 18.52%, down 22.45%, up 76.97%. And the trade deficits were mainly from CHINA, MEXICO, SWITZERLAND, VIETNAM, IRELAND at 163336.9476 million, 55660.8304 million, 40388.9362 million, 34768.1327 million, 32679.1610 million, and down 18.26%, down 4.55%, up 176.95%, up 15.57%, up 9.10%.

Current year until 202007, UNITED STATES's trade surplus or deficit with top five countries/territories During the current year until 202007,  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 297629.2655 million, 267190.1063 million, 175441.7194 million, 162494.9079 million, 111330.1328 million, which were down 12.89%, down 8.01%, down 31.86%, down 31.09%, up 6.63% comparing with the same period of last year and account for 14.32%, 12.85%, 8.44%, 7.82%, 5.36% of UNITED STATES's total imports and exports.

During the current year until 202007, 84, 85, 27, 87, 88 were UNITED STATES's top five traded commodities, with total import and export values of 103094.8569 million, 92262.7535 million, 91083.3850 million, 53154.3719 million, 50077.6475 million. These values correspond to 12.89%, 11.54%, 11.39%, 6.65%, 6.26% of UNITED STATES's total exports and, respectively, were down 15.57%, down 7.15%, down 19.60%, down 31.86%, down 35.93% comparing to the same period of last year.

During the current year until 202007, 84, 85, 87, 30, 27 were UNITED STATES's top five traded commodities, with total import values of 194534.4086 million, 174927.3528 million, 122287.3475 million, 80579.8603 million, 71411.5229 million. These values correspond to 15.21%, 13.68%, 9.56%, 6.30%, 5.58% of UNITED STATES's total exports and, respectively, were down 11.40%, down 8.45%, down 31.86%, up 9.96%, down 41.71% comparing to the same period of last year.


2. Current year until 202007, UNITED STATES binational trade profile

According to Dalian Infobank, during the current year until 202007, UNITED STATES-China binational exports and imports of goods amounted to 280392.6422 million and were down 12.73% comparing with the same period of last year. Among these, exports from UNITED STATES to China were 58527.8473 million and down 3.63%, imports from China to UNITED STATES were 221864.7949 million and down 14.85%. The total binational trade deficit was 163336.9476 million and down 18.26%.

During the urrent year until 202007, 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 63852.3266 million, 58120.2941 million, 13495.3036 million, 12990.5463 million, 11923.7617 million and makes up 22.77%, 20.73%, 4.81%, 4.63%, 4.25% of the total binational imports and exports. These values were also down 16.14%, down 8.01%, down 0.33%, up 152.84%, down 1.05% comparing to the same period last year.

During the current year until 202007, 85, 84, 90, 27, 87 were the top five traded commodities exported to China from UNITED STATES, with export values of 9674.1987 million, 7709.1230 million, 5248.3961 million, 3919.8985 million, 3464.6980 million. These values account for 16.53%, 13.17%, 8.97%, 6.70%, 5.92% of UNITED STATES's total exports and were up 16.90%, up 2.59%, down 4.57%, up 53.06%, down 28.95% comparing to the same period of last year.

During the current year until 202007, 85, 84, 63, 94, 39 were UNITED STATES's top five traded commodities importing from China , with import values of 54178.1279 million, 50411.1710 million, 12955.7679 million, 11693.9156 million, 10378.6367 million. These values account for 24.42%, 22.72%, 5.84%, 5.27%, 4.68% of UNITED STATES's total imports and were down 20.17%, down 9.45%, up 152.85%, down 29.89%, down 1.59% comparing with the same period of last year.


3.Analysis of import and export trends


Data Source: U.S. Census Bureau