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Monitor Report of UNITED STATES trade and UNITED STATES-China binational trade in 202208

 1.  Overview the trade of UNITED STATES in goods current year until 202208

According to Dalian Infobank, in 202208UNITED STATES's exports and imports of goods amounted to 464029.4123 million, and were up 17.80% comparing with the same period of last year. Among these, exports were up 21.71% at 180259.2555 million, and imports were up 15.44% at 283770.1569 million. And the corresponding trade deficit was 103510.9014 million and up 5.93%.

During the current year until 202208, UNITED STATES's total exports and imports of goods were 3545982.7680 million and were up 20.11% comparing to the same period of last year. Among these, exports were 1366988.3778 million and up 20.74%; imports were 2178994.3902 million and up 19.72%. The total trade deficit was 812006.0125 million and up 18.03%.

If considering by country (region), CANADA, MEXICO, CHINA, JAPAN, GERMANY were UNITED STATES's top five trading partners. During the current year until 202208, UNITED STATES's imports and exports to five countries/territories were 536723.2981 million, 520122.4057 million, 465574.9026 million, 152286.1694 million, 139863.7587 million. These values correspond to 15.14%, 14.67%, 13.13%, 4.29%, 3.94% of UNITED STATES's imports and exports, and, respectively, were up 25.04%, up 20.45%, up 14.37%, up 8.31%, up 6.12% comparing to the same period of last year.

Current year until 202208, 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 202208, UNITED STATES's exports to these five countries/territories were 237229.5968 million, 217937.8091 million, 96819.6274 million, 54172.1024 million, 48847.5315 million. These values correspond to 17.35%, 15.94%, 7.08%, 3.96%, 3.57% of UNITED STATES's exports and, respectively, were up 18.64%, up 20.16%, up 2.93%, up 10.85%, up 20.39% comparing with the same period of last year.

Current year until 202208, 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 202208, UNITED STATES's imports from these five countries/territories were 368755.2751 million, 302184.5965 million, 299493.7013 million, 98114.0670 million, 91683.8788 million. These values correspond to 16.92%, 13.87%, 13.74%, 4.50%, 4.21% of UNITED STATES's total imports and, respectively, were up 17.81%, up 20.66%, up 30.62%, up 6.96%, up 2.99% comparing with the same period of last year.

During the current year until 202208, the trade surplus of UNITED STATES was mainly from NETHERLANDS, HONG KONG, BRAZIL, SINGAPORE, AUSTRALIA at 23114.0620 million, 14216.5405 million, 11192.6813 million, 9500.3892 million, 8905.3393 million, and up 83.08%, down 18.51%, up 5.65%, up 120.19%, down 5.69%. And the trade deficits were mainly from CHINA, MEXICO, VIETNAM, CANADA, JAPAN at 271935.6477 million, 84246.7874 million, 79063.7741 million, 62264.1045 million, 43941.9646 million, and up 24.21%, up 21.98%, up 36.72%, up 112.29%, up 2.51%.

Current year until 202208, UNITED STATES's trade surplus or deficit with top five countries/territories During the current year until 202208,  commodities with hs2 codes, 27, 84, 85, 87, 30, were UNITED STATES's top five traded commodities. They correspond to the import and export values of 470778.5967 million, 459539.8020 million, 430165.4023 million, 295520.8526 million, 161744.6744 million, which were up 67.79%, up 12.50%, up 15.35%, up 10.38%, up 12.84% comparing with the same period of last year and account for 13.28%, 12.96%, 12.13%, 8.33%, 4.56% of UNITED STATES's total imports and exports.

During the current year until 202208, 27, 84, 85, 87, 88 were UNITED STATES's top five traded commodities, with total import and export values of 253062.8101 million, 151023.6061 million, 129541.8868 million, 88088.9404 million, 65154.4688 million. These values correspond to 18.51%, 11.05%, 9.48%, 6.44%, 4.77% of UNITED STATES's total exports and, respectively, were up 72.81%, up 9.48%, up 6.41%, up 7.16%, up 17.25% comparing to the same period of last year.

During the current year until 202208, 84, 85, 27, 87, 30 were UNITED STATES's top five traded commodities, with total import values of 308516.1959 million, 300623.5155 million, 217715.7866 million, 207431.9122 million, 105975.2676 million. These values correspond to 14.16%, 13.80%, 9.99%, 9.52%, 4.86% of UNITED STATES's total exports and, respectively, were up 14.04%, up 19.69%, up 62.31%, up 11.81%, up 8.11% comparing to the same period of last year.


2. Current year until 202208, UNITED STATES binational trade profile

According to Dalian Infobank, during the current year until 202208, UNITED STATES-China binational exports and imports of goods amounted to 465574.9026 million and were up 14.37% comparing with the same period of last year. Among these, exports from UNITED STATES to China were 96819.6274 million and up 2.93%, imports from China to UNITED STATES were 368755.2751 million and up 17.81%. The total binational trade deficit was 271935.6477 million and up 24.21%.

During the urrent year until 202208, 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 101150.1770 million, 85318.4285 million, 26252.5529 million, 21038.1694 million, 18843.4687 million and makes up 21.73%, 18.33%, 5.64%, 4.52%, 4.05% of the total binational imports and exports. These values were also up 12.61%, up 3.10%, up 28.89%, up 2.78%, up 6.13% comparing to the same period last year.

During the current year until 202208, 85, 84, 27, 90, 12 were the top five traded commodities exported to China from UNITED STATES, with export values of 10798.3598 million, 10455.3057 million, 8345.4729 million, 7268.6911 million, 6913.0673 million. These values account for 11.15%, 10.80%, 8.62%, 7.51%, 7.14% of UNITED STATES's total exports and were down 19.76%, down 5.56%, down 7.55%, up 3.52%, up 55.87% comparing to the same period of last year.

During the current year until 202208, 85, 84, 95, 94, 39 were UNITED STATES's top five traded commodities importing from China , with import values of 90351.8172 million, 74863.1228 million, 26173.2328 million, 18751.7513 million, 16605.3965 million. These values account for 24.50%, 20.30%, 7.10%, 5.09%, 4.50% of UNITED STATES's total imports and were up 18.31%, up 4.44%, up 28.98%, up 6.28%, up 1.85% comparing with the same period of last year.


3.Analysis of import and export trends


Data Source: U.S. Census Bureau