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Monitor Report of UNITED STATES trade and UNITED STATES-China binational trade in 202108

 1.  Overview the trade of UNITED STATES in goods current year until 202108

According to Dalian Infobank, in 202108UNITED STATES's exports and imports of goods amounted to 393918.6381 million, and were up 22.49% comparing with the same period of last year. Among these, exports were up 25.43% at 148099.4857 million, and imports were up 20.78% at 245819.1523 million. And the corresponding trade deficit was 97719.6666 million and up 14.36%.

During the current year until 202108, UNITED STATES's total exports and imports of goods were 2952279.8174 million and were up 22.99% comparing to the same period of last year. Among these, exports were 1132165.5978 million and up 23.34%; imports were 1820114.2196 million and up 22.78%. The total trade deficit was 687948.6218 million and up 21.85%.

If considering by country (region), MEXICO, CANADA, CHINA, JAPAN, GERMANY were UNITED STATES's top five trading partners. During the current year until 202108, UNITED STATES's imports and exports to five countries/territories were 431808.1920 million, 429237.6106 million, 407066.6015 million, 140602.6708 million, 131801.3711 million. These values correspond to 14.63%, 14.54%, 13.79%, 4.76%, 4.46% of UNITED STATES's imports and exports, and, respectively, were up 27.95%, up 28.12%, up 22.52%, up 18.76%, up 19.43% comparing to the same period of last year.

Current year until 202108, 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 202108, UNITED STATES's exports to these five countries/territories were 199954.0143 million, 181371.4672 million, 94065.5631 million, 48869.2518 million, 44423.6708 million. These values correspond to 17.66%, 16.02%, 8.31%, 4.32%, 3.92% of UNITED STATES's exports and, respectively, were up 22.78%, up 34.82%, up 35.22%, up 13.01%, up 28.06% comparing with the same period of last year.

Current year until 202108, 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 202108, UNITED STATES's imports from these five countries/territories were 313001.0384 million, 250436.7248 million, 229283.5963 million, 91733.4190 million, 89026.3779 million. These values correspond to 17.20%, 13.76%, 12.60%, 5.04%, 4.89% of UNITED STATES's total imports and, respectively, were up 19.16%, up 23.40%, up 33.18%, up 22.08%, up 21.79% comparing with the same period of last year.

During the current year until 202108, the trade surplus of UNITED STATES was mainly from HONG KONG, NETHERLANDS, BRAZIL, AUSTRALIA, BELGIUM at 17446.3320 million, 12625.0674 million, 10594.2707 million, 9442.9050 million, 7599.1295 million, and up 105.22%, up 3.97%, up 33.56%, up 83.24%, up 41.57%. And the trade deficits were mainly from CHINA, MEXICO, VIETNAM, GERMANY, JAPAN at 218935.4752 million, 69065.2576 million, 57826.9652 million, 46251.3847 million, 42864.1672 million, and up 13.37%, up 0.94%, up 36.51%, up 29.06%, up 34.37%.

Current year until 202108, UNITED STATES's trade surplus or deficit with top five countries/territories During the current year until 202108,  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 408487.9040 million, 372914.5250 million, 280580.2428 million, 267719.4899 million, 143338.5339 million, which were up 19.07%, up 20.23%, up 51.82%, up 28.32%, up 12.24% comparing with the same period of last year and account for 13.84%, 12.63%, 9.50%, 9.07%, 4.86% of UNITED STATES's total imports and exports.

During the current year until 202108, 27, 84, 85, 87, 90 were UNITED STATES's top five traded commodities, with total import and export values of 146442.4595 million, 137943.4594 million, 121738.8567 million, 82203.4568 million, 60243.8787 million. These values correspond to 12.93%, 12.18%, 10.75%, 7.26%, 5.32% of UNITED STATES's total exports and, respectively, were up 41.94%, up 16.69%, up 15.84%, up 29.21%, up 11.33% comparing to the same period of last year.

During the current year until 202108, 84, 85, 87, 27, 30 were UNITED STATES's top five traded commodities, with total import values of 270544.4446 million, 251175.6683 million, 185516.0330 million, 134137.7834 million, 98025.2618 million. These values correspond to 14.86%, 13.80%, 10.19%, 7.37%, 5.39% of UNITED STATES's total exports and, respectively, were up 20.32%, up 22.48%, up 27.93%, up 64.29%, up 6.09% comparing to the same period of last year.


2. Current year until 202108, UNITED STATES binational trade profile

According to Dalian Infobank, during the current year until 202108, UNITED STATES-China binational exports and imports of goods amounted to 407066.6015 million and were up 22.52% comparing with the same period of last year. Among these, exports from UNITED STATES to China were 94065.5631 million and up 35.22%, imports from China to UNITED STATES were 313001.0384 million and up 19.16%. The total binational trade deficit was 218935.4752 million and up 13.37%.

During the urrent year until 202108, 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 89822.9928 million, 82754.0335 million, 20469.5784 million, 20368.9194 million, 17755.5996 million and makes up 22.07%, 20.33%, 5.03%, 5.00%, 4.36% of the total binational imports and exports. These values were also up 20.68%, up 21.38%, up 29.09%, up 69.36%, up 27.11% comparing to the same period last year.

During the current year until 202108, 85, 84, 27, 90, 10 were the top five traded commodities exported to China from UNITED STATES, with export values of 13457.2955 million, 11070.5098 million, 9027.2527 million, 7021.6183 million, 6370.0343 million. These values account for 14.31%, 11.77%, 9.60%, 7.46%, 6.77% of UNITED STATES's total exports and were up 21.79%, up 23.57%, up 84.33%, up 16.06%, up 443.92% comparing to the same period of last year.

During the current year until 202108, 85, 84, 95, 94, 39 were UNITED STATES's top five traded commodities importing from China , with import values of 76365.6974 million, 71683.5237 million, 20292.7098 million, 17644.2418 million, 16304.4237 million. These values account for 24.40%, 22.90%, 6.48%, 5.64%, 5.21% of UNITED STATES's total imports and were up 20.48%, up 21.05%, up 69.79%, up 27.31%, up 32.56% comparing with the same period of last year.


3.Analysis of import and export trends


Data Source: U.S. Census Bureau