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Monitor Report of UNITED STATES trade and UNITED STATES-China binational trade in 202205

 1.  Overview the trade of UNITED STATES in goods current year until 202205

According to Dalian Infobank, in 202205UNITED STATES's exports and imports of goods amounted to 463375.1561 million, and were up 23.38% comparing with the same period of last year. Among these, exports were up 22.97% at 177961.5803 million, and imports were up 23.65% at 285413.5758 million. And the corresponding trade deficit was 107451.9956 million and up 24.79%.

During the current year until 202205, UNITED STATES's total exports and imports of goods were 2166552.2384 million and were up 21.32% comparing to the same period of last year. Among these, exports were 828544.2445 million and up 19.68%; imports were 1338007.9940 million and up 22.35%. The total trade deficit was 509463.7495 million and up 26.94%.

If considering by country (region), CANADA, MEXICO, CHINA, JAPAN, GERMANY were UNITED STATES's top five trading partners. During the current year until 202205, UNITED STATES's imports and exports to five countries/territories were 325930.9214 million, 316778.5392 million, 283084.2806 million, 95243.9867 million, 86122.4103 million. These values correspond to 15.04%, 14.62%, 13.07%, 4.40%, 3.98% of UNITED STATES's imports and exports, and, respectively, were up 26.36%, up 20.53%, up 13.84%, up 10.71%, up 7.59% comparing to the same period of last year.

Current year until 202205, UNITED STATES and the top five trade partners CANADA, MEXICO, CHINA, JAPAN, UNITED KINGDOM are the top five countries/territories that UNITED STATES exports to in terms of the total export amount. During the current year until 202205, UNITED STATES's exports to these five countries/territories were 143841.8637 million, 132153.6948 million, 59967.2975 million, 33081.4699 million, 30730.4554 million. These values correspond to 17.36%, 15.95%, 7.24%, 3.99%, 3.71% of UNITED STATES's exports and, respectively, were up 18.07%, up 20.80%, up 1.67%, up 9.09%, up 22.11% comparing with the same period of last year.

Current year until 202205, 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 202205, UNITED STATES's imports from these five countries/territories were 223116.9832 million, 184624.8444 million, 182089.0577 million, 62162.5168 million, 56533.4854 million. These values correspond to 16.68%, 13.80%, 13.61%, 4.65%, 4.23% of UNITED STATES's total imports and, respectively, were up 17.62%, up 20.34%, up 33.78%, up 11.59%, up 4.88% comparing with the same period of last year.

During the current year until 202205, the trade surplus of UNITED STATES was mainly from NETHERLANDS, HONG KONG, BRAZIL, UNITED KINGDOM, BELGIUM at 12319.6096 million, 8341.6607 million, 7104.4201 million, 5924.8277 million, 5167.8961 million, and up 36.61%, down 27.02%, up 19.89%, up 100.46%, up 9.12%. And the trade deficits were mainly from CHINA, MEXICO, VIETNAM, CANADA, JAPAN at 163149.6857 million, 52471.1496 million, 47257.4692 million, 38247.1940 million, 29081.0469 million, and up 24.82%, up 19.20%, up 35.55%, up 167.77%, up 14.58%.

Current year until 202205, UNITED STATES's trade surplus or deficit with top five countries/territories During the current year until 202205,  commodities with hs2 codes, 84, 27, 85, 87, 30, were UNITED STATES's top five traded commodities. They correspond to the import and export values of 279522.6915 million, 273055.2831 million, 264441.2715 million, 182156.5509 million, 101417.0381 million, which were up 12.82%, up 72.34%, up 16.19%, up 8.03%, up 18.46% comparing with the same period of last year and account for 12.90%, 12.60%, 12.21%, 8.41%, 4.68% of UNITED STATES's total imports and exports.

During the current year until 202205, 27, 84, 85, 87, 90 were UNITED STATES's top five traded commodities, with total import and export values of 146832.0048 million, 92216.0559 million, 80245.6145 million, 54469.2153 million, 40024.9710 million. These values correspond to 17.72%, 11.13%, 9.69%, 6.57%, 4.83% of UNITED STATES's total exports and, respectively, were up 74.48%, up 8.36%, up 7.12%, up 4.38%, up 6.79% comparing to the same period of last year.

During the current year until 202205, 84, 85, 87, 27, 30 were UNITED STATES's top five traded commodities, with total import values of 187306.6355 million, 184195.6570 million, 127687.3356 million, 126223.2783 million, 66630.5561 million. These values correspond to 14.00%, 13.77%, 9.54%, 9.43%, 4.98% of UNITED STATES's total exports and, respectively, were up 15.15%, up 20.64%, up 9.67%, up 69.92%, up 11.58% comparing to the same period of last year.


2. Current year until 202205, UNITED STATES binational trade profile

According to Dalian Infobank, during the current year until 202205, UNITED STATES-China binational exports and imports of goods amounted to 283084.2806 million and were up 13.84% comparing with the same period of last year. Among these, exports from UNITED STATES to China were 59967.2975 million and up 1.67%, imports from China to UNITED STATES were 223116.9832 million and up 17.62%. The total binational trade deficit was 163149.6857 million and up 24.82%.

During the urrent year until 202205, 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 63469.5932 million, 50724.5544 million, 13690.3303 million, 13096.2453 million, 12379.5030 million and makes up 22.42%, 17.92%, 4.84%, 4.63%, 4.37% of the total binational imports and exports. These values were also up 14.01%, up 0.57%, up 19.66%, down 0.16%, up 12.25% comparing to the same period last year.

During the current year until 202205, 85, 84, 12, 27, 90 were the top five traded commodities exported to China from UNITED STATES, with export values of 6688.3237 million, 6426.8524 million, 5371.2367 million, 4726.5432 million, 4367.8346 million. These values account for 11.15%, 10.72%, 8.96%, 7.88%, 7.28% of UNITED STATES's total exports and were down 19.62%, down 7.38%, up 37.19%, down 11.14%, up 1.71% comparing to the same period of last year.

During the current year until 202205, 85, 84, 95, 94, 39 were UNITED STATES's top five traded commodities importing from China , with import values of 56781.2695 million, 44297.7020 million, 13635.1481 million, 12321.2946 million, 10418.5063 million. These values account for 25.45%, 19.85%, 6.11%, 5.52%, 4.67% of UNITED STATES's total imports and were up 19.92%, up 1.84%, up 19.69%, up 12.39%, down 0.89% comparing with the same period of last year.


3.Analysis of import and export trends


Data Source: U.S. Census Bureau