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Monitor Report of UNITED STATES trade and UNITED STATES-China binational trade in 202104

 1.  Overview the trade of UNITED STATES in goods current year until 202104

According to Dalian Infobank, in 202104UNITED STATES's exports and imports of goods amounted to 371239.0146 million, and were up 42.13% comparing with the same period of last year. Among these, exports were up 50.75% at 144376.0681 million, and imports were up 37.14% at 226862.9465 million. And the corresponding trade deficit was 82486.8785 million and up 18.43%.

During the current year until 202104, UNITED STATES's total exports and imports of goods were 1410330.6661 million and were up 15.04% comparing to the same period of last year. Among these, exports were 547550.5151 million and up 11.41%; imports were 862780.1510 million and up 17.46%. The total trade deficit was 315229.6358 million and up 29.70%.

If considering by country (region), MEXICO, CANADA, CHINA, JAPAN, GERMANY were UNITED STATES's top five trading partners. During the current year until 202104, UNITED STATES's imports and exports to five countries/territories were 208641.5582 million, 203458.3234 million, 197530.9821 million, 68108.7065 million, 63496.4386 million. These values correspond to 14.79%, 14.43%, 14.01%, 4.83%, 4.50% of UNITED STATES's imports and exports, and, respectively, were up 18.46%, up 17.04%, up 43.58%, up 2.35%, up 6.89% comparing to the same period of last year.

Current year until 202104, 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 202104, UNITED STATES's exports to these five countries/territories were 96431.9827 million, 86596.1578 million, 46573.5782 million, 23879.3849 million, 21941.9236 million. These values correspond to 17.61%, 15.82%, 8.51%, 4.36%, 4.01% of UNITED STATES's exports and, respectively, were up 14.78%, up 18.94%, up 52.17%, up 1.12%, up 18.12% comparing with the same period of last year.

Current year until 202104, 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 202104, UNITED STATES's imports from these five countries/territories were 150957.4039 million, 122045.4004 million, 107026.3406 million, 44229.3216 million, 42729.5696 million. These values correspond to 17.50%, 14.15%, 12.40%, 5.13%, 4.95% of UNITED STATES's total imports and, respectively, were up 41.12%, up 18.12%, up 19.15%, up 3.02%, up 8.29% comparing with the same period of last year.

During the current year until 202104, the trade surplus of UNITED STATES was mainly from HONG KONG, NETHERLANDS, BRAZIL, AUSTRALIA, UNITED ARAB EMIRATES at 9160.3358 million, 7497.9146 million, 4764.8560 million, 4396.7346 million, 3538.9049 million, and up 93.33%, up 7.32%, down 10.97%, up 60.87%, down 21.51%. And the trade deficits were mainly from CHINA, MEXICO, VIETNAM, GERMANY, JAPAN at 104383.8257 million, 35449.2425 million, 27380.1355 million, 21962.7007 million, 20349.9367 million, and up 36.69%, up 16.16%, up 47.43%, up 12.56%, up 5.34%.

Current year until 202104, UNITED STATES's trade surplus or deficit with top five countries/territories During the current year until 202104,  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 195954.1164 million, 180053.0334 million, 134575.2583 million, 122618.3180 million, 68162.9416 million, which were up 15.66%, up 20.24%, up 18.68%, up 11.67%, up 5.52% comparing with the same period of last year and account for 13.89%, 12.77%, 9.54%, 8.69%, 4.83% of UNITED STATES's total imports and exports.

During the current year until 202104, 84, 27, 85, 87, 71 were UNITED STATES's top five traded commodities, with total import and export values of 67557.7364 million, 66137.5272 million, 59513.2199 million, 41387.7796 million, 30484.2432 million. These values correspond to 12.34%, 12.08%, 10.87%, 7.56%, 5.57% of UNITED STATES's total exports and, respectively, were up 11.09%, up 6.00%, up 10.19%, up 22.09%, up 68.15% comparing to the same period of last year.

During the current year until 202104, 84, 85, 87, 27, 30 were UNITED STATES's top five traded commodities, with total import values of 128396.3800 million, 120539.8135 million, 93187.4788 million, 56480.7908 million, 48147.7899 million. These values correspond to 14.88%, 13.97%, 10.80%, 6.55%, 5.58% of UNITED STATES's total exports and, respectively, were up 18.22%, up 25.91%, up 17.23%, up 19.13%, up 2.66% comparing to the same period of last year.


2. Current year until 202104, UNITED STATES binational trade profile

According to Dalian Infobank, during the current year until 202104, UNITED STATES-China binational exports and imports of goods amounted to 197530.9821 million and were up 43.58% comparing with the same period of last year. Among these, exports from UNITED STATES to China were 46573.5782 million and up 52.17%, imports from China to UNITED STATES were 150957.4039 million and up 41.12%. The total binational trade deficit was 104383.8257 million and up 36.69%.

During the urrent year until 202104, 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 44069.4364 million, 40142.5167 million, 10581.4006 million, 9033.2270 million, 8717.8427 million and makes up 22.31%, 20.32%, 5.36%, 4.57%, 4.41% of the total binational imports and exports. These values were also up 37.91%, up 42.17%, up 58.97%, up 126.96%, up 41.97% comparing to the same period last year.

During the current year until 202104, 85, 84, 27, 12, 90 were the top five traded commodities exported to China from UNITED STATES, with export values of 6466.1448 million, 5526.3651 million, 4143.3873 million, 3813.3394 million, 3332.8980 million. These values account for 13.88%, 11.87%, 8.90%, 8.19%, 7.16% of UNITED STATES's total exports and were up 21.22%, up 32.57%, up 425.78%, up 162.96%, up 17.32% comparing to the same period of last year.

During the current year until 202104, 85, 84, 95, 94, 39 were UNITED STATES's top five traded commodities importing from China , with import values of 37603.2916 million, 34616.1516 million, 8994.8762 million, 8665.6949 million, 8530.6798 million. These values account for 24.91%, 22.93%, 5.96%, 5.74%, 5.65% of UNITED STATES's total imports and were up 41.26%, up 43.83%, up 128.38%, up 42.50%, up 67.41% comparing with the same period of last year.


3.Analysis of import and export trends


Data Source: U.S. Census Bureau