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Monitor Report of UNITED STATES trade and UNITED STATES-China binational trade in 202105

 1.  Overview the trade of UNITED STATES in goods current year until 202105

According to Dalian Infobank, in 202105UNITED STATES's exports and imports of goods amounted to 375557.4058 million, and were up 47.52% comparing with the same period of last year. Among these, exports were up 59.65% at 144725.2888 million, and imports were up 40.81% at 230832.1170 million. And the corresponding trade deficit was 86106.8282 million and up 17.51%.

During the current year until 202105, UNITED STATES's total exports and imports of goods were 1785888.0719 million and were up 20.62% comparing to the same period of last year. Among these, exports were 692275.8039 million and up 18.92%; imports were 1093612.2680 million and up 21.72%. The total trade deficit was 401336.4640 million and up 26.87%.

If considering by country (region), MEXICO, CANADA, CHINA, JAPAN, GERMANY were UNITED STATES's top five trading partners. During the current year until 202105, UNITED STATES's imports and exports to five countries/territories were 262811.9137 million, 257934.0514 million, 248674.3701 million, 86028.4849 million, 80050.1304 million. These values correspond to 14.72%, 14.44%, 13.92%, 4.82%, 4.48% of UNITED STATES's imports and exports, and, respectively, were up 30.43%, up 26.10%, up 35.28%, up 9.28%, up 13.68% comparing to the same period of last year.

Current year until 202105, 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 202105, UNITED STATES's exports to these five countries/territories were 121825.1056 million, 109395.9412 million, 58984.9051 million, 30324.1398 million, 27523.0483 million. These values correspond to 17.60%, 15.80%, 8.52%, 4.38%, 3.98% of UNITED STATES's exports and, respectively, were up 23.25%, up 31.41%, up 46.55%, up 6.72%, up 23.17% comparing with the same period of last year.

Current year until 202105, 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 202105, UNITED STATES's imports from these five countries/territories were 189689.4650 million, 153415.9725 million, 136108.9458 million, 55704.3451 million, 53901.5175 million. These values correspond to 17.35%, 14.03%, 12.45%, 5.09%, 4.93% of UNITED STATES's total imports and, respectively, were up 32.13%, up 29.74%, up 28.77%, up 10.72%, up 15.22% comparing with the same period of last year.

During the current year until 202105, the trade surplus of UNITED STATES was mainly from HONG KONG, NETHERLANDS, BRAZIL, AUSTRALIA, BELGIUM at 11429.5470 million, 9017.8108 million, 5925.5511 million, 5904.5670 million, 4735.9762 million, and up 159.59%, up 10.39%, up 0.95%, up 102.76%, up 33.20%. And the trade deficits were mainly from CHINA, MEXICO, VIETNAM, GERMANY, JAPAN at 130704.5600 million, 44020.0313 million, 34862.2173 million, 27752.9046 million, 25380.2053 million, and up 26.51%, up 25.75%, up 53.28%, up 19.91%, up 15.91%.

Current year until 202105, UNITED STATES's trade surplus or deficit with top five countries/territories During the current year until 202105,  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 247765.1492 million, 227587.5461 million, 168616.9991 million, 158437.3575 million, 85610.5910 million, which were up 19.29%, up 24.15%, up 36.37%, up 27.73%, up 7.52% comparing with the same period of last year and account for 13.87%, 12.74%, 9.44%, 8.87%, 4.79% of UNITED STATES's total imports and exports.

During the current year until 202105, 84, 27, 85, 87, 71 were UNITED STATES's top five traded commodities, with total import and export values of 85099.2541 million, 84155.2826 million, 74909.1048 million, 52185.4033 million, 37489.2854 million. These values correspond to 12.29%, 12.16%, 10.82%, 7.54%, 5.42% of UNITED STATES's total exports and, respectively, were up 16.51%, up 20.03%, up 15.61%, up 40.74%, up 74.46% comparing to the same period of last year.

During the current year until 202105, 84, 85, 87, 27, 30 were UNITED STATES's top five traded commodities, with total import values of 162665.8951 million, 152678.4413 million, 116431.5958 million, 74282.0749 million, 59714.4162 million. These values correspond to 14.87%, 13.96%, 10.65%, 6.79%, 5.46% of UNITED STATES's total exports and, respectively, were up 20.80%, up 28.82%, up 34.50%, up 37.72%, up 3.81% comparing to the same period of last year.


2. Current year until 202105, UNITED STATES binational trade profile

According to Dalian Infobank, during the current year until 202105, UNITED STATES-China binational exports and imports of goods amounted to 248674.3701 million and were up 35.28% comparing with the same period of last year. Among these, exports from UNITED STATES to China were 58984.9051 million and up 46.55%, imports from China to UNITED STATES were 189689.4650 million and up 32.13%. The total binational trade deficit was 130704.5600 million and up 26.51%.

During the urrent year until 202105, 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 55669.4471 million, 50436.5153 million, 13116.8374 million, 11440.6627 million, 11028.8827 million and makes up 22.39%, 20.28%, 5.27%, 4.60%, 4.44% of the total binational imports and exports. These values were also up 32.26%, up 31.80%, up 48.78%, up 120.40%, up 40.41% comparing to the same period last year.

During the current year until 202105, 85, 84, 27, 90, 10 were the top five traded commodities exported to China from UNITED STATES, with export values of 8321.2589 million, 6938.6089 million, 5319.0638 million, 4294.2237 million, 4079.2068 million. These values account for 14.11%, 11.76%, 9.02%, 7.28%, 6.92% of UNITED STATES's total exports and were up 22.51%, up 28.46%, up 159.71%, up 17.91%, up 758.56% comparing to the same period of last year.

During the current year until 202105, 85, 84, 95, 94, 39 were UNITED STATES's top five traded commodities importing from China , with import values of 47348.1882 million, 43497.9064 million, 11391.9423 million, 10962.9676 million, 10512.3011 million. These values account for 24.96%, 22.93%, 6.01%, 5.78%, 5.54% of UNITED STATES's total imports and were up 34.13%, up 32.35%, up 121.44%, up 40.89%, up 56.29% comparing with the same period of last year.


3.Analysis of import and export trends


Data Source: U.S. Census Bureau