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Monitor Report of UNITED STATES trade and UNITED STATES-China binational trade in 202112

 1.  Overview the trade of UNITED STATES in goods current year until 202112

According to Dalian Infobank, in 202112UNITED STATES's exports and imports of goods amounted to 417045.5798 million, and were up 19.99% comparing with the same period of last year. Among these, exports were up 20.38% at 159136.3967 million, and imports were up 19.75% at 257909.1831 million. And the corresponding trade deficit was 98772.7864 million and up 18.75%.

During the current year until 202112, UNITED STATES's total exports and imports of goods were 4586815.3734 million and were up 21.96% comparing to the same period of last year. Among these, exports were 1753941.4059 million and up 23.09%; imports were 2832873.9676 million and up 21.27%. The total trade deficit was 1078932.5617 million and up 18.43%.

If considering by country (region), CANADA, MEXICO, CHINA, JAPAN, GERMANY were UNITED STATES's top five trading partners. During the current year until 202112, UNITED STATES's imports and exports to five countries/territories were 664160.5067 million, 661164.3193 million, 657432.1388 million, 210103.2652 million, 200398.4227 million. These values correspond to 14.48%, 14.41%, 14.33%, 4.58%, 4.37% of UNITED STATES's imports and exports, and, respectively, were up 26.34%, up 23.19%, up 17.56%, up 14.65%, up 16.17% comparing to the same period of last year.

Current year until 202112, 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 202112, UNITED STATES's exports to these five countries/territories were 307000.7034 million, 276458.8521 million, 151065.2251 million, 74970.1923 million, 65771.8006 million. These values correspond to 17.50%, 15.76%, 8.61%, 4.27%, 3.75% of UNITED STATES's exports and, respectively, were up 20.21%, up 30.73%, up 21.35%, up 17.59%, up 29.05% comparing with the same period of last year.

Current year until 202112, UNITED STATES's exports to top five countries/territories CHINA, MEXICO, CANADA, GERMANY, JAPAN are the top five countries/territories that UNITED STATES imports from in terms of the total export amount. During the current year until 202112, UNITED STATES's imports from these five countries/territories were 506366.9137 million, 384705.4673 million, 357159.8033 million, 135224.2532 million, 135133.0729 million. These values correspond to 17.87%, 13.58%, 12.61%, 4.77%, 4.77% of UNITED STATES's total imports and, respectively, were up 16.47%, up 18.29%, up 32.13%, up 17.52%, up 13.08% comparing with the same period of last year.

During the current year until 202112, the trade surplus of UNITED STATES was mainly from HONG KONG, NETHERLANDS, BRAZIL, AUSTRALIA, BELGIUM at 25832.7171 million, 18239.6370 million, 15597.1405 million, 13964.9130 million, 12682.8400 million, and up 61.93%, up 1.91%, up 39.28%, up 55.97%, up 87.66%. And the trade deficits were mainly from CHINA, MEXICO, VIETNAM, GERMANY, JAPAN at 355301.6885 million, 108246.6152 million, 90960.7513 million, 70050.0838 million, 60162.8806 million, and up 14.52%, down 4.82%, up 30.49%, up 21.54%, up 7.93%.

Current year until 202112, UNITED STATES's trade surplus or deficit with top five countries/territories During the current year until 202112,  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 626365.9048 million, 591843.6866 million, 454879.0507 million, 399520.7605 million, 226670.8524 million, which were up 16.87%, up 18.45%, up 66.10%, up 12.31%, up 17.76% comparing with the same period of last year and account for 13.66%, 12.90%, 9.92%, 8.71%, 4.94% of UNITED STATES's total imports and exports.

During the current year until 202112, 27, 84, 85, 87, 90 were UNITED STATES's top five traded commodities, with total import and export values of 239780.8237 million, 209284.5523 million, 185404.5069 million, 122202.3611 million, 91680.4595 million. These values correspond to 13.67%, 11.93%, 10.57%, 6.97%, 5.23% of UNITED STATES's total exports and, respectively, were up 58.62%, up 14.54%, up 13.90%, up 15.76%, up 10.16% comparing to the same period of last year.

During the current year until 202112, 84, 85, 87, 27, 30 were UNITED STATES's top five traded commodities, with total import values of 417081.3525 million, 406439.1796 million, 277318.3994 million, 215098.2270 million, 148708.7271 million. These values correspond to 14.72%, 14.35%, 9.79%, 7.59%, 5.25% of UNITED STATES's total exports and, respectively, were up 18.07%, up 20.65%, up 10.85%, up 75.31%, up 7.19% comparing to the same period of last year.


2. Current year until 202112, UNITED STATES binational trade profile

According to Dalian Infobank, during the current year until 202112, UNITED STATES-China binational exports and imports of goods amounted to 657432.1388 million and were up 17.56% comparing with the same period of last year. Among these, exports from UNITED STATES to China were 151065.2251 million and up 21.35%, imports from China to UNITED STATES were 506366.9137 million and up 16.47%. The total binational trade deficit was 355301.6885 million and up 14.52%.

During the urrent year until 202112, 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 149941.4303 million, 127760.8820 million, 37486.3368 million, 30332.1567 million, 27434.4223 million and makes up 22.81%, 19.43%, 5.70%, 4.61%, 4.17% of the total binational imports and exports. These values were also up 16.99%, up 15.28%, up 42.05%, up 19.09%, up 19.92% comparing to the same period last year.

During the current year until 202112, 85, 84, 27, 12, 90 were the top five traded commodities exported to China from UNITED STATES, with export values of 19356.9893 million, 16728.7154 million, 15397.1380 million, 15040.9486 million, 10754.2621 million. These values account for 12.81%, 11.07%, 10.19%, 9.96%, 7.12% of UNITED STATES's total exports and were up 13.93%, up 21.23%, up 54.62%, up 0.93%, up 13.12% comparing to the same period of last year.

During the current year until 202112, 85, 84, 95, 94, 39 were UNITED STATES's top five traded commodities importing from China , with import values of 130584.4410 million, 111032.1666 million, 37374.6284 million, 27264.7004 million, 23997.6259 million. These values account for 25.79%, 21.93%, 7.38%, 5.38%, 4.74% of UNITED STATES's total imports and were up 17.46%, up 14.43%, up 42.33%, up 20.03%, up 19.57% comparing with the same period of last year.


3.Analysis of import and export trends


Data Source: U.S. Census Bureau