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Monitor Report of UNITED STATES trade and UNITED STATES-China binational trade in 202103

 1.  Overview the trade of UNITED STATES in goods current year until 202103

According to Dalian Infobank, in 202103UNITED STATES's exports and imports of goods amounted to 388892.9739 million, and were up 18.25% comparing with the same period of last year. Among these, exports were up 12.71% at 151599.5042 million, and imports were up 22.08% at 237293.4697 million. And the corresponding trade deficit was 85693.9654 million and up 43.14%.

During the current year until 202103, UNITED STATES's total exports and imports of goods were 1039091.6515 million and were up 7.70% comparing to the same period of last year. Among these, exports were 403174.4471 million and up 1.89%; imports were 635917.2044 million and up 11.74%. The total trade deficit was 232742.7574 million and up 34.22%.

If considering by country (region), MEXICO, CANADA, CHINA, JAPAN, GERMANY were UNITED STATES's top five trading partners. During the current year until 202103, UNITED STATES's imports and exports to five countries/territories were 153905.8670 million, 150824.6798 million, 148181.2625 million, 49359.7206 million, 46746.9418 million. These values correspond to 14.81%, 14.52%, 14.26%, 4.75%, 4.50% of UNITED STATES's imports and exports, and, respectively, were up 4.15%, up 4.68%, up 51.36%, down 3.98%, down 0.26% comparing to the same period of last year.

Current year until 202103, 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 202103, UNITED STATES's exports to these five countries/territories were 71268.6143 million, 64037.7290 million, 34813.6620 million, 17554.5094 million, 15647.2596 million. These values correspond to 17.68%, 15.88%, 8.63%, 4.35%, 3.88% of UNITED STATES's exports and, respectively, were up 2.95%, up 6.23%, up 58.23%, down 3.24%, up 8.23% comparing with the same period of last year.

Current year until 202103, 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 202103, UNITED STATES's imports from these five countries/territories were 113367.6005 million, 89868.1380 million, 79556.0654 million, 31805.2112 million, 31602.0194 million. These values correspond to 17.83%, 14.13%, 12.51%, 5.00%, 4.97% of UNITED STATES's total imports and, respectively, were up 49.37%, up 2.71%, up 6.28%, down 4.38%, up 1.88% comparing with the same period of last year.

During the current year until 202103, the trade surplus of UNITED STATES was mainly from HONG KONG, NETHERLANDS, BRAZIL, AUSTRALIA, UNITED ARAB EMIRATES at 6680.2593 million, 5848.9215 million, 3701.0452 million, 3159.7376 million, 2754.4417 million, and up 23.41%, down 4.77%, down 20.75%, down 3.93%, down 27.91%. And the trade deficits were mainly from CHINA, MEXICO, VIETNAM, GERMANY, IRELAND at 78553.9384 million, 25830.4089 million, 20361.9909 million, 16457.0970 million, 14722.6670 million, and up 45.75%, down 5.09%, up 41.48%, up 8.48%, down 2.20%.

Current year until 202103, UNITED STATES's trade surplus or deficit with top five countries/territories During the current year until 202103,  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 143652.3163 million, 132870.7110 million, 100017.3855 million, 88619.0031 million, 52027.6203 million, which were up 10.18%, up 13.31%, up 1.16%, down 4.13%, up 7.73% comparing with the same period of last year and account for 13.82%, 12.79%, 9.63%, 8.53%, 5.01% of UNITED STATES's total imports and exports.

During the current year until 202103, 84, 27, 85, 87, 90 were UNITED STATES's top five traded commodities, with total import and export values of 49865.1277 million, 48107.9391 million, 43879.1578 million, 30610.4031 million, 22082.9604 million. These values correspond to 12.37%, 11.93%, 10.88%, 7.59%, 5.48% of UNITED STATES's total exports and, respectively, were up 3.26%, down 6.65%, up 3.11%, up 0.66%, up 0.23% comparing to the same period of last year.

During the current year until 202103, 84, 85, 87, 27, 30 were UNITED STATES's top five traded commodities, with total import values of 93787.1886 million, 88991.5532 million, 69406.9824 million, 40511.0640 million, 36821.2032 million. These values correspond to 14.75%, 13.99%, 10.91%, 6.37%, 5.79% of UNITED STATES's total exports and, respectively, were up 14.26%, up 19.12%, up 1.39%, down 0.96%, up 5.48% comparing to the same period of last year.


2. Current year until 202103, UNITED STATES binational trade profile

According to Dalian Infobank, during the current year until 202103, UNITED STATES-China binational exports and imports of goods amounted to 148181.2625 million and were up 51.36% comparing with the same period of last year. Among these, exports from UNITED STATES to China were 34813.6620 million and up 58.23%, imports from China to UNITED STATES were 113367.6005 million and up 49.37%. The total binational trade deficit was 78553.9384 million and up 45.75%.

During the urrent year until 202103, commodities with hs2 code, 85, 84, 39, 95, 94, were binational trade's top five traded commodities. They correspond to import and export values of 32892.0557 million, 29520.0800 million, 7927.9927 million, 6983.9557 million, 6560.0735 million and makes up 22.20%, 19.92%, 5.35%, 4.71%, 4.43% of the total binational imports and exports. These values were also up 42.11%, up 57.91%, up 68.74%, up 134.67%, up 43.64% comparing to the same period last year.

During the current year until 202103, 85, 84, 12, 27, 90 were the top five traded commodities exported to China from UNITED STATES, with export values of 4756.9166 million, 4049.4583 million, 3695.5409 million, 3217.6798 million, 2461.2059 million. These values account for 13.66%, 11.63%, 10.62%, 9.24%, 7.07% of UNITED STATES's total exports and were up 24.84%, up 40.07%, up 209.92%, up 585.89%, up 18.44% comparing to the same period of last year.

During the current year until 202103, 85, 84, 95, 94, 39 were UNITED STATES's top five traded commodities importing from China , with import values of 28135.1391 million, 25470.6218 million, 6956.6738 million, 6520.7396 million, 6374.1209 million. These values account for 24.82%, 22.47%, 6.14%, 5.75%, 5.62% of UNITED STATES's total imports and were up 45.51%, up 61.18%, up 136.20%, up 44.18%, up 79.59% comparing with the same period of last year.


3.Analysis of import and export trends


Data Source: U.S. Census Bureau