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Monitor Report of UNITED STATES trade and UNITED STATES-China binational trade in 202101

 1.  Overview the trade of UNITED STATES in goods current year until 202101

According to Dalian Infobank, in 202101UNITED STATES's exports and imports of goods amounted to 332450.5509 million, and were up 2.13% comparing with the same period of last year. Among these, exports were down 1.15% at 127638.3402 million, and imports were up 4.29% at 204812.2107 million. And the corresponding trade deficit was 77173.8704 million and up 14.72%.

During the current year until 202101, UNITED STATES's total exports and imports of goods were 332450.5509 million and were up 2.13% comparing to the same period of last year. Among these, exports were 127638.3402 million and down 1.15%; imports were 204812.2107 million and up 4.29%. The total trade deficit was 77173.8704 million and up 14.72%.

If considering by country (region), CHINA, MEXICO, CANADA, JAPAN, GERMANY were UNITED STATES's top five trading partners. During the current year until 202101, UNITED STATES's imports and exports to five countries/territories were 51972.1308 million, 48523.9770 million, 45759.5233 million, 16372.3811 million, 15361.2026 million. These values correspond to 15.63%, 14.60%, 13.76%, 4.92%, 4.62% of UNITED STATES's imports and exports, and, respectively, were up 28.34%, down 1.31%, down 4.52%, up 3.02%, up 5.93% comparing to the same period of last year.

Current year until 202101, UNITED STATES and the top five trade partners CANADA, MEXICO, CHINA, JAPAN, SOUTH KOREA are the top five countries/territories that UNITED STATES exports to in terms of the total export amount. During the current year until 202101, UNITED STATES's exports to these five countries/territories were 21217.1876 million, 19483.0388 million, 12860.9445 million, 6017.6447 million, 5181.0244 million. These values correspond to 16.62%, 15.26%, 10.08%, 4.71%, 4.06% of UNITED STATES's exports and, respectively, were down 5.89%, down 6.48%, up 78.25%, up 10.33%, up 1.24% comparing with the same period of last year.

Current year until 202101, UNITED STATES's exports to top five countries/territories CHINA, MEXICO, CANADA, GERMANY, JAPAN are the top five countries/territories that UNITED STATES imports from in terms of the total export amount. During the current year until 202101, UNITED STATES's imports from these five countries/territories were 39111.1863 million, 29040.9381 million, 24542.3357 million, 10844.4809 million, 10354.7363 million. These values correspond to 19.10%, 14.18%, 11.98%, 5.29%, 5.06% of UNITED STATES's total imports and, respectively, were up 17.52%, up 2.50%, down 3.31%, up 10.86%, down 0.80% comparing with the same period of last year.

During the current year until 202101, the trade surplus of UNITED STATES was mainly from HONG KONG, NETHERLANDS, BRAZIL, AUSTRALIA, BELGIUM at 2054.2378 million, 1941.4524 million, 1342.3068 million, 785.0711 million, 745.8713 million, and up 24.32%, down 1.13%, down 3.95%, down 0.71%, down 28.27%. And the trade deficits were mainly from CHINA, MEXICO, VIETNAM, GERMANY, JAPAN at 26250.2418 million, 9557.8993 million, 6778.6188 million, 6327.7591 million, 4337.0916 million, and up 0.71%, up 27.48%, up 29.37%, up 24.95%, down 12.98%.

Current year until 202101, UNITED STATES's trade surplus or deficit with top five countries/territories During the current year until 202101,  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 46852.3393 million, 43606.3650 million, 31281.7224 million, 27454.4517 million, 18587.6865 million, which were up 5.95%, up 8.10%, up 3.25%, down 19.19%, up 23.82% comparing with the same period of last year and account for 14.09%, 13.12%, 9.41%, 8.26%, 5.59% of UNITED STATES's total imports and exports.

During the current year until 202101, 84, 27, 85, 87, 90 were UNITED STATES's top five traded commodities, with total import and export values of 16293.4913 million, 15395.4164 million, 14574.8715 million, 8678.6512 million, 6828.1655 million. These values correspond to 12.77%, 12.06%, 11.42%, 6.80%, 5.35% of UNITED STATES's total exports and, respectively, were up 3.93%, down 14.62%, up 2.32%, down 3.46%, down 1.50% comparing to the same period of last year.

During the current year until 202101, 84, 85, 87, 30, 27 were UNITED STATES's top five traded commodities, with total import values of 30558.8480 million, 29031.4935 million, 22603.0713 million, 13981.7328 million, 12059.0353 million. These values correspond to 14.92%, 14.17%, 11.04%, 6.83%, 5.89% of UNITED STATES's total exports and, respectively, were up 7.06%, up 11.25%, up 6.08%, up 30.26%, down 24.36% comparing to the same period of last year.


2. Current year until 202101, UNITED STATES binational trade profile

According to Dalian Infobank, during the current year until 202101, UNITED STATES-China binational exports and imports of goods amounted to 51972.1308 million and were up 28.34% comparing with the same period of last year. Among these, exports from UNITED STATES to China were 12860.9445 million and up 78.25%, imports from China to UNITED STATES were 39111.1863 million and up 17.52%. The total binational trade deficit was 26250.2418 million and up 0.71%.

During the urrent year until 202101, commodities with hs2 code, 85, 84, 39, 12, 95, were binational trade's top five traded commodities. They correspond to import and export values of 11666.5645 million, 10178.0054 million, 2662.8694 million, 2601.1317 million, 2375.4367 million and makes up 22.45%, 19.58%, 5.12%, 5.00%, 4.57% of the total binational imports and exports. These values were also up 22.21%, up 39.23%, up 32.92%, up 210.14%, up 70.31% comparing to the same period last year.

During the current year until 202101, 12, 84, 85, 27, 90 were the top five traded commodities exported to China from UNITED STATES, with export values of 2588.1797 million, 1507.2327 million, 1471.7890 million, 1188.1427 million, 779.2764 million. These values account for 20.12%, 11.72%, 11.44%, 9.24%, 6.06% of UNITED STATES's total exports and were up 215.26%, up 65.39%, up 24.82%, up 3125.41%, up 30.80% comparing to the same period of last year.

During the current year until 202101, 85, 84, 95, 94, 39 were UNITED STATES's top five traded commodities importing from China , with import values of 10194.7755 million, 8670.7727 million, 2368.1853 million, 2314.5926 million, 2117.9849 million. These values account for 26.07%, 22.17%, 6.06%, 5.92%, 5.42% of UNITED STATES's total imports and were up 21.85%, up 35.50%, up 71.04%, up 4.67%, up 31.77% comparing with the same period of last year.


3.Analysis of import and export trends


Data Source: U.S. Census Bureau