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Monitor Report of UNITED STATES trade and UNITED STATES-China binational trade in 202203

 1.  Overview the trade of UNITED STATES in goods current year until 202203

According to Dalian Infobank, in 202203UNITED STATES's exports and imports of goods amounted to 476415.7167 million, and were up 22.51% comparing with the same period of last year. Among these, exports were up 18.37% at 179455.1158 million, and imports were up 25.14% at 296960.6009 million. And the corresponding trade deficit was 117505.4850 million and up 37.12%.

During the current year until 202203, UNITED STATES's total exports and imports of goods were 1257001.2799 million and were up 20.97% comparing to the same period of last year. Among these, exports were 477486.1394 million and up 18.43%; imports were 779515.1406 million and up 22.58%. The total trade deficit was 302029.0012 million and up 29.77%.

If considering by country (region), CANADA, MEXICO, CHINA, JAPAN, GERMANY were UNITED STATES's top five trading partners. During the current year until 202203, UNITED STATES's imports and exports to five countries/territories were 185846.8708 million, 182168.6359 million, 173924.6440 million, 57285.9205 million, 49737.0510 million. These values correspond to 14.78%, 14.49%, 13.84%, 4.56%, 3.96% of UNITED STATES's imports and exports, and, respectively, were up 23.22%, up 18.36%, up 17.37%, up 16.06%, up 6.40% comparing to the same period of last year.

Current year until 202203, UNITED STATES and the top five trade partners CANADA, MEXICO, CHINA, JAPAN, GERMANY are the top five countries/territories that UNITED STATES exports to in terms of the total export amount. During the current year until 202203, UNITED STATES's exports to these five countries/territories were 82263.6794 million, 75924.9287 million, 36444.2805 million, 19925.3719 million, 17196.8465 million. These values correspond to 17.23%, 15.90%, 7.63%, 4.17%, 3.60% of UNITED STATES's exports and, respectively, were up 15.43%, up 18.56%, up 4.68%, up 13.51%, up 13.55% comparing with the same period of last year.

Current year until 202203, 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 202203, UNITED STATES's imports from these five countries/territories were 137480.3635 million, 106243.7073 million, 103583.1914 million, 37360.5486 million, 32540.2045 million. These values correspond to 17.64%, 13.63%, 13.29%, 4.79%, 4.17% of UNITED STATES's total imports and, respectively, were up 21.27%, up 18.22%, up 30.20%, up 17.47%, up 2.97% comparing with the same period of last year.

During the current year until 202203, the trade surplus of UNITED STATES was mainly from NETHERLANDS, HONG KONG, BRAZIL, UNITED KINGDOM, BELGIUM at 6840.1816 million, 4821.2639 million, 3515.6410 million, 3469.9671 million, 3303.1765 million, and up 16.95%, down 27.83%, down 5.01%, up 112.94%, up 36.58%. And the trade deficits were mainly from CHINA, MEXICO, VIETNAM, CANADA, JAPAN at 101036.0831 million, 30318.7786 million, 26838.4782 million, 21319.5120 million, 17435.1768 million, and up 28.62%, up 17.38%, up 31.81%, up 157.25%, up 22.35%.

Current year until 202203, UNITED STATES's trade surplus or deficit with top five countries/territories During the current year until 202203,  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 162983.9673 million, 156623.9454 million, 148506.5999 million, 103951.2333 million, 61838.6281 million, which were up 13.46%, up 17.88%, up 67.58%, up 3.93%, up 18.86% comparing with the same period of last year and account for 12.97%, 12.46%, 11.81%, 8.27%, 4.92% of UNITED STATES's total imports and exports.

During the current year until 202203, 27, 84, 85, 87, 90 were UNITED STATES's top five traded commodities, with total import and export values of 79420.4282 million, 53731.8546 million, 47987.6803 million, 30666.8704 million, 23824.9088 million. These values correspond to 16.63%, 11.25%, 10.05%, 6.42%, 4.99% of UNITED STATES's total exports and, respectively, were up 65.09%, up 7.75%, up 9.36%, up 0.18%, up 7.89% comparing to the same period of last year.

During the current year until 202203, 84, 85, 87, 27, 30 were UNITED STATES's top five traded commodities, with total import values of 109252.1127 million, 108636.2651 million, 73284.3629 million, 69086.1718 million, 40434.3316 million. These values correspond to 14.02%, 13.94%, 9.40%, 8.86%, 5.19% of UNITED STATES's total exports and, respectively, were up 16.49%, up 22.07%, up 5.59%, up 70.54%, up 9.81% comparing to the same period of last year.


2. Current year until 202203, UNITED STATES binational trade profile

According to Dalian Infobank, during the current year until 202203, UNITED STATES-China binational exports and imports of goods amounted to 173924.6440 million and were up 17.37% comparing with the same period of last year. Among these, exports from UNITED STATES to China were 36444.2805 million and up 4.68%, imports from China to UNITED STATES were 137480.3635 million and up 21.27%. The total binational trade deficit was 101036.0831 million and up 28.62%.

During the urrent year until 202203, 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 39036.9815 million, 30689.7592 million, 8299.7713 million, 7804.1737 million, 7515.5392 million and makes up 22.44%, 17.65%, 4.77%, 4.49%, 4.32% of the total binational imports and exports. These values were also up 18.68%, up 3.96%, up 18.84%, down 1.56%, up 14.56% comparing to the same period last year.

During the current year until 202203, 85, 12, 84, 27, 90 were the top five traded commodities exported to China from UNITED STATES, with export values of 4046.6870 million, 4023.5575 million, 3774.4727 million, 2808.3735 million, 2655.1454 million. These values account for 11.10%, 11.04%, 10.36%, 7.71%, 7.29% of UNITED STATES's total exports and were down 14.93%, up 8.88%, down 6.79%, down 12.72%, up 7.88% comparing to the same period of last year.

During the current year until 202203, 85, 84, 95, 94, 39 were UNITED STATES's top five traded commodities importing from China , with import values of 34990.2945 million, 26915.2865 million, 8269.8247 million, 7482.5108 million, 6170.2191 million. These values account for 25.45%, 19.58%, 6.02%, 5.44%, 4.49% of UNITED STATES's total imports and were up 24.37%, up 5.67%, up 18.88%, up 14.75%, down 3.20% comparing with the same period of last year.


3.Analysis of import and export trends


Data Source: U.S. Census Bureau