Close

Monitor Report of UNITED STATES trade and UNITED STATES-China binational trade in 202012

 1.  Overview the trade of UNITED STATES in goods current year until 202012

According to Dalian Infobank, in 202012UNITED STATES's exports and imports of goods amounted to 348047.3092 million, and were up 3.11% comparing with the same period of last year. Among these, exports were down 1.99% at 132564.6638 million, and imports were up 6.52% at 215482.6454 million. And the corresponding trade deficit was 82917.9816 million and up 23.70%.

During the current year until 202012, UNITED STATES's total exports and imports of goods were 3767985.5367 million and were down 9.00% comparing to the same period of last year. Among these, exports were 1431406.3919 million and down 12.89%; imports were 2336579.1447 million and down 6.44%. The total trade deficit was 905172.7528 million and up 5.95%.

If considering by country (region), CHINA, MEXICO, CANADA, JAPAN, GERMANY were UNITED STATES's top five trading partners. During the current year until 202012, UNITED STATES's imports and exports to five countries/territories were 560097.5422 million, 538066.0597 million, 525531.0976 million, 183609.6789 million, 172915.1262 million. These values correspond to 14.86%, 14.28%, 13.95%, 4.87%, 4.59% of UNITED STATES's imports and exports, and, respectively, were up 0.36%, down 12.44%, down 14.14%, down 15.75%, down 7.84% comparing to the same period of last year.

Current year until 202012, 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 202012, UNITED STATES's exports to these five countries/territories were 255149.3153 million, 212671.7509 million, 124648.5194 million, 64097.7218 million, 59009.5996 million. These values correspond to 17.83%, 14.86%, 8.71%, 4.48%, 4.12% of UNITED STATES's exports and, respectively, were down 12.81%, down 17.11%, up 17.10%, down 13.82%, down 14.58% comparing with the same period of last year.

Current year until 202012, 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 202012, UNITED STATES's imports from these five countries/territories were 435449.0229 million, 325394.3088 million, 270381.7823 million, 119511.9572 million, 115120.0554 million. These values correspond to 18.64%, 13.93%, 11.57%, 5.11%, 4.93% of UNITED STATES's total imports and, respectively, were down 3.59%, down 9.10%, down 15.35%, down 16.75%, down 9.71% comparing with the same period of last year.

During the current year until 202012, the trade surplus of UNITED STATES was mainly from NETHERLANDS, HONG KONG, BRAZIL, UNITED ARAB EMIRATES, AUSTRALIA at 18050.4336 million, 16052.5768 million, 11735.7789 million, 11687.3343 million, 9054.7806 million, and down 15.61%, down 38.37%, down 2.28%, down 25.21%, down 40.22%. And the trade deficits were mainly from CHINA, MEXICO, VIETNAM, GERMANY, SWITZERLAND at 310800.5035 million, 112722.5579 million, 69655.6752 million, 57324.9846 million, 56738.3508 million, and down 9.97%, up 11.17%, up 24.90%, down 14.94%, up 112.12%.

Current year until 202012, UNITED STATES's trade surplus or deficit with top five countries/territories During the current year until 202012,  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 536196.3189 million, 499835.3112 million, 355377.5494 million, 277302.6856 million, 192761.4123 million, which were down 7.07%, down 3.75%, down 18.99%, down 30.79%, up 6.70% comparing with the same period of last year and account for 14.23%, 13.27%, 9.43%, 7.36%, 5.12% of UNITED STATES's total imports and exports.

During the current year until 202012, 84, 85, 27, 87, 90 were UNITED STATES's top five traded commodities, with total import and export values of 182585.5308 million, 162884.3791 million, 155092.2410 million, 105158.0562 million, 83404.3715 million. These values correspond to 12.76%, 11.38%, 10.83%, 7.35%, 5.83% of UNITED STATES's total exports and, respectively, were down 11.41%, down 5.97%, down 22.30%, down 21.28%, down 8.21% comparing to the same period of last year.

During the current year until 202012, 84, 85, 87, 30, 27 were UNITED STATES's top five traded commodities, with total import values of 353610.7881 million, 336950.9321 million, 250219.4932 million, 138822.4716 million, 122210.4446 million. These values correspond to 15.13%, 14.42%, 10.71%, 5.94%, 5.23% of UNITED STATES's total exports and, respectively, were down 4.66%, down 2.64%, down 17.98%, up 8.85%, down 39.21% comparing to the same period of last year.


2. Current year until 202012, UNITED STATES binational trade profile

According to Dalian Infobank, during the current year until 202012, UNITED STATES-China binational exports and imports of goods amounted to 560097.5422 million and were up 0.36% comparing with the same period of last year. Among these, exports from UNITED STATES to China were 124648.5194 million and up 17.10%, imports from China to UNITED STATES were 435449.0229 million and down 3.59%. The total binational trade deficit was 310800.5035 million and down 9.97%.

During the urrent year until 202012, commodities with hs2 code, 85, 84, 95, 39, 94, were binational trade's top five traded commodities. They correspond to import and export values of 128217.4521 million, 111129.5866 million, 26407.4798 million, 25575.3100 million, 22888.1261 million and makes up 22.89%, 19.84%, 4.71%, 4.57%, 4.09% of the total binational imports and exports. These values were also down 8.15%, up 6.30%, up 3.07%, up 11.61%, down 14.38% comparing to the same period last year.

During the current year until 202012, 85, 12, 84, 27, 90 were the top five traded commodities exported to China from UNITED STATES, with export values of 17043.6646 million, 15030.1733 million, 13809.2866 million, 9894.7125 million, 9506.8502 million. These values account for 13.67%, 12.06%, 11.08%, 7.94%, 7.63% of UNITED STATES's total exports and were up 18.83%, up 75.73%, up 8.22%, up 162.28%, down 2.44% comparing to the same period of last year.

During the current year until 202012, 85, 84, 95, 94, 63 were UNITED STATES's top five traded commodities importing from China , with import values of 111173.7875 million, 97320.3000 million, 26277.5256 million, 22725.1328 million, 21151.1298 million. These values account for 25.53%, 22.35%, 6.03%, 5.22%, 4.86% of UNITED STATES's total imports and were down 11.24%, up 6.03%, up 3.37%, down 14.26%, up 136.51% comparing with the same period of last year.


3.Analysis of import and export trends


Data Source: U.S. Census Bureau