Close

Monitor Report of UNITED STATES trade and UNITED STATES-China binational trade in 202110

 1.  Overview the trade of UNITED STATES in goods current year until 202110

According to Dalian Infobank, in 202110UNITED STATES's exports and imports of goods amounted to 415503.7618 million, and were up 18.09% comparing with the same period of last year. Among these, exports were up 24.23% at 164418.3993 million, and imports were up 14.38% at 251085.3625 million. And the corresponding trade deficit was 86666.9631 million and down 0.57%.

During the current year until 202110, UNITED STATES's total exports and imports of goods were 3753976.1439 million and were up 22.12% comparing to the same period of last year. Among these, exports were 1438413.6272 million and up 23.35%; imports were 2315562.5167 million and up 21.36%. The total trade deficit was 877148.8894 million and up 18.24%.

If considering by country (region), MEXICO, CANADA, CHINA, JAPAN, GERMANY were UNITED STATES's top five trading partners. During the current year until 202110, UNITED STATES's imports and exports to five countries/territories were 545471.2552 million, 542211.8653 million, 530058.7230 million, 174603.9260 million, 166107.0227 million. These values correspond to 14.53%, 14.44%, 14.12%, 4.65%, 4.42% of UNITED STATES's imports and exports, and, respectively, were up 24.38%, up 25.63%, up 19.43%, up 16.76%, up 16.96% comparing to the same period of last year.

Current year until 202110, 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 202110, UNITED STATES's exports to these five countries/territories were 251857.9198 million, 228628.5258 million, 121611.5202 million, 61801.6730 million, 54835.2772 million. These values correspond to 17.51%, 15.89%, 8.45%, 4.30%, 3.81% of UNITED STATES's exports and, respectively, were up 19.89%, up 32.33%, up 27.03%, up 16.15%, up 29.86% comparing with the same period of last year.

Current year until 202110, 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 202110, UNITED STATES's imports from these five countries/territories were 408447.2029 million, 316842.7294 million, 290353.9455 million, 112802.2530 million, 111789.7527 million. These values correspond to 17.64%, 13.68%, 12.54%, 4.87%, 4.83% of UNITED STATES's total imports and, respectively, were up 17.34%, up 19.22%, up 31.08%, up 17.09%, up 18.58% comparing with the same period of last year.

During the current year until 202110, the trade surplus of UNITED STATES was mainly from HONG KONG, NETHERLANDS, BRAZIL, AUSTRALIA, BELGIUM at 21832.4829 million, 15121.5541 million, 13388.4165 million, 11875.9713 million, 10366.1539 million, and up 83.60%, up 1.72%, up 43.70%, up 60.09%, up 67.66%. And the trade deficits were mainly from CHINA, MEXICO, VIETNAM, GERMANY, JAPAN at 286835.6827 million, 88214.2037 million, 73888.1478 million, 57472.4828 million, 51000.5800 million, and up 13.67%, down 5.14%, up 30.34%, up 23.55%, up 18.25%.

Current year until 202110, UNITED STATES's trade surplus or deficit with top five countries/territories During the current year until 202110,  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 517227.0439 million, 479947.5624 million, 362550.2897 million, 330113.9094 million, 184487.4726 million, which were up 17.85%, up 19.03%, up 61.04%, up 17.12%, up 14.27% comparing with the same period of last year and account for 13.78%, 12.79%, 9.66%, 8.79%, 4.91% of UNITED STATES's total imports and exports.

During the current year until 202110, 27, 84, 85, 87, 90 were UNITED STATES's top five traded commodities, with total import and export values of 189379.8523 million, 173861.3067 million, 153520.0608 million, 102455.1947 million, 75856.5953 million. These values correspond to 13.17%, 12.09%, 10.67%, 7.12%, 5.27% of UNITED STATES's total exports and, respectively, were up 53.43%, up 15.13%, up 15.09%, up 20.07%, up 10.73% comparing to the same period of last year.

During the current year until 202110, 84, 85, 87, 27, 30 were UNITED STATES's top five traded commodities, with total import values of 343365.7373 million, 326427.5016 million, 227658.7148 million, 173170.4374 million, 122729.2130 million. These values correspond to 14.83%, 14.10%, 9.83%, 7.48%, 5.30% of UNITED STATES's total exports and, respectively, were up 19.27%, up 20.98%, up 15.84%, up 70.28%, up 5.30% comparing to the same period of last year.


2. Current year until 202110, UNITED STATES binational trade profile

According to Dalian Infobank, during the current year until 202110, UNITED STATES-China binational exports and imports of goods amounted to 530058.7230 million and were up 19.43% comparing with the same period of last year. Among these, exports from UNITED STATES to China were 121611.5202 million and up 27.03%, imports from China to UNITED STATES were 408447.2029 million and up 17.34%. The total binational trade deficit was 286835.6827 million and up 13.67%.

During the urrent year until 202110, commodities with hs2 code, 85, 84, 95, 39, 94, were binational trade's top five traded commodities. They correspond to import and export values of 118276.9587 million, 105114.5014 million, 29655.3818 million, 25439.0662 million, 22446.0697 million and makes up 22.31%, 19.83%, 5.59%, 4.80%, 4.23% of the total binational imports and exports. These values were also up 19.50%, up 18.16%, up 46.85%, up 24.33%, up 22.35% comparing to the same period last year.

During the current year until 202110, 85, 84, 27, 12, 90 were the top five traded commodities exported to China from UNITED STATES, with export values of 16414.9699 million, 13932.5475 million, 11973.2562 million, 9028.4591 million, 8822.2050 million. These values account for 13.50%, 11.46%, 9.85%, 7.42%, 7.25% of UNITED STATES's total exports and were up 18.10%, up 21.55%, up 62.08%, up 7.04%, up 15.17% comparing to the same period of last year.

During the current year until 202110, 85, 84, 95, 94, 39 were UNITED STATES's top five traded commodities importing from China , with import values of 101861.9888 million, 91181.9539 million, 29561.5483 million, 22305.0456 million, 20230.9677 million. These values account for 24.94%, 22.32%, 7.24%, 5.46%, 4.95% of UNITED STATES's total imports and were up 19.73%, up 17.65%, up 47.17%, up 22.52%, up 26.45% comparing with the same period of last year.


3.Analysis of import and export trends


Data Source: U.S. Census Bureau