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Monitor Report of UNITED STATES trade and UNITED STATES-China binational trade in 202008

 1.  Overview the trade of UNITED STATES in goods current year until 202008

According to Dalian Infobank, in 202008UNITED STATES's exports and imports of goods amounted to 321587.1481 million, and were down 9.29% comparing with the same period of last year. Among these, exports were down 14.87% at 118068.7925 million, and imports were down 5.71% at 203518.3556 million. And the corresponding trade deficit was 85449.5632 million and up 10.74%.

During the current year until 202008, UNITED STATES's total exports and imports of goods were 2400350.0978 million and were down 13.21% comparing to the same period of last year. Among these, exports were 917887.8694 million and down 16.18%; imports were 1482462.2283 million and down 11.26%. The total trade deficit was 564574.3589 million and down 1.89%.

If considering by country (region), MEXICO, CANADA, CHINA, JAPAN, GERMANY were UNITED STATES's top five trading partners. During the current year until 202008, UNITED STATES's imports and exports to five countries/territories were 337480.9620 million, 335015.6918 million, 332245.1458 million, 118387.3593 million, 110358.0419 million. These values correspond to 14.06%, 13.96%, 13.84%, 4.93%, 4.60% of UNITED STATES's imports and exports, and, respectively, were down 18.52%, down 17.99%, down 10.66%, down 19.94%, down 12.09% comparing to the same period of last year.

Current year until 202008, 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 202008, UNITED STATES's exports to these five countries/territories were 162859.1081 million, 134530.4313 million, 69563.9126 million, 43243.1985 million, 38510.9009 million. These values correspond to 17.74%, 14.66%, 7.58%, 4.71%, 4.20% of UNITED STATES's exports and, respectively, were down 17.24%, down 22.45%, down 0.86%, down 12.87%, down 15.00% comparing with the same period of last year.

Current year until 202008, 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 202008, UNITED STATES's imports from these five countries/territories were 262681.2331 million, 202950.5307 million, 172156.5837 million, 75144.1608 million, 73097.0607 million. These values correspond to 17.72%, 13.69%, 11.61%, 5.07%, 4.93% of UNITED STATES's total imports and, respectively, were down 12.94%, down 15.70%, down 18.68%, down 23.52%, down 14.78% comparing with the same period of last year.

During the current year until 202008, the trade surplus of UNITED STATES was mainly from NETHERLANDS, HONG KONG, BRAZIL, UNITED ARAB EMIRATES, UNITED KINGDOM at 12142.8252 million, 8501.3031 million, 7932.4567 million, 7510.8474 million, 5975.5637 million, and down 16.84%, down 52.07%, up 11.62%, down 23.97%, up 68.58%. And the trade deficits were mainly from CHINA, MEXICO, SWITZERLAND, VIETNAM, IRELAND at 193117.3205 million, 68420.0994 million, 44504.6719 million, 42359.9796 million, 36698.0968 million, and down 16.61%, up 1.71%, up 166.22%, up 19.06%, up 8.15%.

Current year until 202008, UNITED STATES's trade surplus or deficit with top five countries/territories During the current year until 202008,  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 343069.8262 million, 310156.9012 million, 208639.4775 million, 184813.1903 million, 127707.8590 million, which were down 12.11%, down 7.88%, down 29.57%, down 31.31%, up 5.78% comparing with the same period of last year and account for 14.29%, 12.92%, 8.69%, 7.70%, 5.32% of UNITED STATES's total imports and exports.

During the current year until 202008, 84, 85, 27, 87, 88 were UNITED STATES's top five traded commodities, with total import and export values of 118215.1661 million, 105088.4246 million, 103168.6300 million, 63621.4967 million, 55707.4285 million. These values correspond to 12.88%, 11.45%, 11.24%, 6.93%, 6.07% of UNITED STATES's total exports and, respectively, were down 15.11%, down 8.16%, down 20.32%, down 29.53%, down 36.94% comparing to the same period of last year.

During the current year until 202008, 84, 85, 87, 30, 27 were UNITED STATES's top five traded commodities, with total import values of 224854.6600 million, 205068.4765 million, 145017.9809 million, 92398.3186 million, 81644.5603 million. These values correspond to 15.17%, 13.83%, 9.78%, 6.23%, 5.51% of UNITED STATES's total exports and, respectively, were down 10.45%, down 7.73%, down 29.58%, up 8.81%, down 41.50% comparing to the same period of last year.


2. Current year until 202008, UNITED STATES binational trade profile

According to Dalian Infobank, during the current year until 202008, UNITED STATES-China binational exports and imports of goods amounted to 332245.1458 million and were down 10.66% comparing with the same period of last year. Among these, exports from UNITED STATES to China were 69563.9126 million and down 0.86%, imports from China to UNITED STATES were 262681.2331 million and down 12.94%. The total binational trade deficit was 193117.3205 million and down 16.61%.

During the urrent year until 202008, commodities with hs2 code, 85, 84, 39, 63, 94, were binational trade's top five traded commodities. They correspond to import and export values of 74433.4856 million, 68176.0793 million, 15856.6847 million, 15403.8696 million, 13968.5783 million and makes up 22.40%, 20.52%, 4.77%, 4.64%, 4.20% of the total binational imports and exports. These values were also down 15.11%, down 5.16%, up 1.56%, up 155.92%, down 26.45% comparing to the same period last year.

During the current year until 202008, 85, 84, 90, 27, 87 were the top five traded commodities exported to China from UNITED STATES, with export values of 11049.7974 million, 8958.5483 million, 6049.8378 million, 4897.4361 million, 4571.4648 million. These values account for 15.88%, 12.88%, 8.70%, 7.04%, 6.57% of UNITED STATES's total exports and were up 16.47%, up 4.46%, down 4.71%, up 59.06%, down 19.13% comparing to the same period of last year.

During the current year until 202008, 85, 84, 63, 94, 39 were UNITED STATES's top five traded commodities importing from China , with import values of 63383.6882 million, 59217.5310 million, 15367.1548 million, 13858.9521 million, 12299.7008 million. These values account for 24.13%, 22.54%, 5.85%, 5.28%, 4.68% of UNITED STATES's total imports and were down 18.94%, down 6.46%, up 156.01%, down 26.47%, up 0.87% comparing with the same period of last year.


3.Analysis of import and export trends


Data Source: U.S. Census Bureau