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Monitor Report of UNITED STATES trade and UNITED STATES-China binational trade in 202107

 1.  Overview the trade of UNITED STATES in goods current year until 202107

According to Dalian Infobank, in 202107UNITED STATES's exports and imports of goods amounted to 381903.1742 million, and were up 21.84% comparing with the same period of last year. Among these, exports were up 27.91% at 144109.7511 million, and imports were up 18.44% at 237793.4231 million. And the corresponding trade deficit was 93683.6721 million and up 6.32%.

During the current year until 202107, UNITED STATES's total exports and imports of goods were 2558361.1793 million and were up 23.07% comparing to the same period of last year. Among these, exports were 984066.1121 million and up 23.04%; imports were 1574295.0673 million and up 23.09%. The total trade deficit was 590228.9552 million and up 23.19%.

If considering by country (region), MEXICO, CANADA, CHINA, JAPAN, GERMANY were UNITED STATES's top five trading partners. During the current year until 202107, UNITED STATES's imports and exports to five countries/territories were 375538.7171 million, 372432.0211 million, 352810.6018 million, 122126.0710 million, 113991.5471 million. These values correspond to 14.68%, 14.56%, 13.79%, 4.77%, 4.46% of UNITED STATES's imports and exports, and, respectively, were up 29.22%, up 29.13%, up 25.83%, up 18.05%, up 19.02% comparing to the same period of last year.

Current year until 202107, 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 202107, UNITED STATES's exports to these five countries/territories were 174217.1043 million, 157190.4277 million, 82806.9107 million, 42763.7096 million, 39076.6751 million. These values correspond to 17.70%, 15.97%, 8.41%, 4.35%, 3.97% of UNITED STATES's exports and, respectively, were up 24.41%, up 33.80%, up 41.48%, up 12.42%, up 27.63% comparing with the same period of last year.

Current year until 202107, 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 202107, UNITED STATES's imports from these five countries/territories were 270003.6911 million, 218348.2894 million, 198214.9168 million, 79362.3614 million, 76795.9210 million. These values correspond to 17.15%, 13.87%, 12.59%, 5.04%, 4.88% of UNITED STATES's total imports and, respectively, were up 21.70%, up 26.11%, up 33.57%, up 21.33%, up 21.29% comparing with the same period of last year.

During the current year until 202107, the trade surplus of UNITED STATES was mainly from HONG KONG, NETHERLANDS, BRAZIL, AUSTRALIA, BELGIUM at 15425.7203 million, 11556.3529 million, 8512.1740 million, 8292.7159 million, 6340.8753 million, and up 121.74%, up 7.09%, up 24.27%, up 93.96%, up 39.39%. And the trade deficits were mainly from CHINA, MEXICO, VIETNAM, GERMANY, JAPAN at 187196.7803 million, 61157.8618 million, 49416.6847 million, 39600.2948 million, 36598.6518 million, and up 14.61%, up 9.88%, up 42.13%, up 28.35%, up 33.70%.

Current year until 202107, UNITED STATES's trade surplus or deficit with top five countries/territories During the current year until 202107,  commodities with hs2 codes, 84, 85, 27, 87, 30, were UNITED STATES's top five traded commodities. They correspond to the import and export values of 355525.1654 million, 324131.6654 million, 238768.6588 million, 234899.6197 million, 122393.5457 million, which were up 19.45%, up 21.31%, up 46.94%, up 33.89%, up 9.94% comparing with the same period of last year and account for 13.90%, 12.67%, 9.33%, 9.18%, 4.78% of UNITED STATES's total imports and exports.

During the current year until 202107, 27, 84, 85, 87, 90 were UNITED STATES's top five traded commodities, with total import and export values of 124907.1144 million, 120672.0716 million, 106281.1502 million, 72135.6859 million, 52682.1676 million. These values correspond to 12.69%, 12.26%, 10.80%, 7.33%, 5.35% of UNITED STATES's total exports and, respectively, were up 37.13%, up 17.05%, up 15.19%, up 35.71%, up 11.39% comparing to the same period of last year.

During the current year until 202107, 84, 85, 87, 27, 30 were UNITED STATES's top five traded commodities, with total import values of 234853.0938 million, 217850.5152 million, 162763.9338 million, 113861.5444 million, 83838.4878 million. These values correspond to 14.92%, 13.84%, 10.34%, 7.23%, 5.33% of UNITED STATES's total exports and, respectively, were up 20.73%, up 24.54%, up 33.10%, up 59.44%, up 4.04% comparing to the same period of last year.


2. Current year until 202107, UNITED STATES binational trade profile

According to Dalian Infobank, during the current year until 202107, UNITED STATES-China binational exports and imports of goods amounted to 352810.6018 million and were up 25.83% comparing with the same period of last year. Among these, exports from UNITED STATES to China were 82806.9107 million and up 41.48%, imports from China to UNITED STATES were 270003.6911 million and up 21.70%. The total binational trade deficit was 187196.7803 million and up 14.61%.

During the urrent year until 202107, 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 78888.3660 million, 72438.9683 million, 17904.4410 million, 16444.9887 million, 15378.7001 million and makes up 22.36%, 20.53%, 5.07%, 4.66%, 4.36% of the total binational imports and exports. These values were also up 23.55%, up 24.64%, up 32.67%, up 82.04%, up 30.45% comparing to the same period last year.

During the current year until 202107, 85, 84, 27, 90, 10 were the top five traded commodities exported to China from UNITED STATES, with export values of 12004.7120 million, 9791.6107 million, 7876.3915 million, 6122.4157 million, 5894.3580 million. These values account for 14.50%, 11.82%, 9.51%, 7.39%, 7.12% of UNITED STATES's total exports and were up 24.09%, up 27.01%, up 100.93%, up 16.65%, up 604.56% comparing to the same period of last year.

During the current year until 202107, 85, 84, 95, 94, 39 were UNITED STATES's top five traded commodities importing from China , with import values of 66883.6540 million, 62647.3576 million, 16377.7021 million, 15282.4102 million, 14275.9689 million. These values account for 24.77%, 23.20%, 6.07%, 5.66%, 5.29% of UNITED STATES's total imports and were up 23.45%, up 24.27%, up 82.64%, up 30.69%, up 37.55% comparing with the same period of last year.


3.Analysis of import and export trends


Data Source: U.S. Census Bureau