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Monitor Report of UNITED STATES trade and UNITED STATES-China binational trade in 202210

 1.  Overview the trade of UNITED STATES in goods current year until 202210

According to Dalian Infobank, in 202210UNITED STATES's exports and imports of goods amounted to 463119.2004 million, and were up 11.59% comparing with the same period of last year. Among these, exports were up 10.22% at 180410.6703 million, and imports were up 12.49% at 282708.5301 million. And the corresponding trade deficit was 102297.8597 million and up 16.72%.

During the current year until 202210, UNITED STATES's total exports and imports of goods were 4460539.0437 million and were up 18.88% comparing to the same period of last year. Among these, exports were 1723426.1872 million and up 19.81%; imports were 2737112.8565 million and up 18.30%. The total trade deficit was 1013686.6693 million and up 15.81%.

If considering by country (region), CANADA, MEXICO, CHINA, JAPAN, GERMANY were UNITED STATES's top five trading partners. During the current year until 202210, UNITED STATES's imports and exports to five countries/territories were 668607.1304 million, 655929.4893 million, 587046.6114 million, 190144.3682 million, 179776.0520 million. These values correspond to 14.99%, 14.71%, 13.16%, 4.26%, 4.03% of UNITED STATES's imports and exports, and, respectively, were up 23.03%, up 20.26%, up 10.91%, up 9.22%, up 8.11% comparing to the same period of last year.

Current year until 202210, 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 202210, UNITED STATES's exports to these five countries/territories were 297613.1729 million, 273860.9162 million, 124471.4777 million, 67549.0505 million, 62941.7622 million. These values correspond to 17.27%, 15.89%, 7.22%, 3.92%, 3.65% of UNITED STATES's exports and, respectively, were up 17.84%, up 19.78%, up 1.83%, up 9.87%, up 23.66% comparing with the same period of last year.

Current year until 202210, 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 202210, UNITED STATES's imports from these five countries/territories were 462575.1338 million, 382068.5732 million, 370993.9575 million, 122595.3178 million, 118956.4349 million. These values correspond to 16.90%, 13.96%, 13.55%, 4.48%, 4.35% of UNITED STATES's total imports and, respectively, were up 13.64%, up 20.61%, up 27.53%, up 8.87%, up 6.42% comparing with the same period of last year.

During the current year until 202210, the trade surplus of UNITED STATES was mainly from NETHERLANDS, HONG KONG, BRAZIL, SINGAPORE, AUSTRALIA at 31565.1510 million, 17679.2640 million, 13245.5933 million, 12653.7714 million, 11465.4992 million, and up 114.88%, down 18.88%, down 1.36%, up 198.76%, down 3.50%. And the trade deficits were mainly from CHINA, MEXICO, VIETNAM, CANADA, GERMANY at 338103.6561 million, 108207.6570 million, 99853.4949 million, 73380.7846 million, 58136.8177 million, and up 18.71%, up 22.76%, up 35.17%, up 91.34%, up 1.51%.

Current year until 202210, UNITED STATES's trade surplus or deficit with top five countries/territories During the current year until 202210,  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 583715.2318 million, 579063.5119 million, 553396.1708 million, 376358.7403 million, 205962.4249 million, which were up 60.57%, up 12.11%, up 15.33%, up 13.90%, up 11.79% comparing with the same period of last year and account for 13.09%, 12.98%, 12.41%, 8.44%, 4.62% of UNITED STATES's total imports and exports.

During the current year until 202210, 27, 84, 85, 87, 88 were UNITED STATES's top five traded commodities, with total import and export values of 317468.2834 million, 191516.8555 million, 164095.5235 million, 111690.8428 million, 84031.9370 million. These values correspond to 18.42%, 11.11%, 9.52%, 6.48%, 4.88% of UNITED STATES's total exports and, respectively, were up 67.51%, up 10.09%, up 6.64%, up 8.48%, up 16.31% comparing to the same period of last year.

During the current year until 202210, 85, 84, 27, 87, 30 were UNITED STATES's top five traded commodities, with total import values of 389300.6473 million, 387546.6564 million, 266246.9484 million, 264667.8975 million, 135642.9802 million. These values correspond to 14.22%, 14.16%, 9.73%, 9.67%, 4.96% of UNITED STATES's total exports and, respectively, were up 19.42%, up 13.14%, up 53.02%, up 16.36%, up 10.59% comparing to the same period of last year.


2. Current year until 202210, UNITED STATES binational trade profile

According to Dalian Infobank, during the current year until 202210, UNITED STATES-China binational exports and imports of goods amounted to 587046.6114 million and were up 10.91% comparing with the same period of last year. Among these, exports from UNITED STATES to China were 124471.4777 million and up 1.83%, imports from China to UNITED STATES were 462575.1338 million and up 13.64%. The total binational trade deficit was 338103.6561 million and up 18.71%.

During the urrent year until 202210, 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 132508.3545 million, 105470.0641 million, 34787.4323 million, 25656.8407 million, 22232.6359 million and makes up 22.57%, 17.97%, 5.93%, 4.37%, 3.79% of the total binational imports and exports. These values were also up 12.19%, up 0.60%, up 17.65%, up 1.14%, down 0.93% comparing to the same period last year.

During the current year until 202210, 85, 84, 12, 27, 90 were the top five traded commodities exported to China from UNITED STATES, with export values of 13548.6360 million, 12775.9846 million, 11731.9304 million, 11134.0280 million, 9120.8787 million. These values account for 10.88%, 10.26%, 9.43%, 8.95%, 7.33% of UNITED STATES's total exports and were down 17.80%, down 8.12%, up 29.38%, down 10.84%, up 3.48% comparing to the same period of last year.

During the current year until 202210, 85, 84, 95, 94, 39 were UNITED STATES's top five traded commodities importing from China , with import values of 118959.7186 million, 92694.0795 million, 34688.6489 million, 22120.8003 million, 19955.0017 million. These values account for 25.72%, 20.04%, 7.50%, 4.78%, 4.31% of UNITED STATES's total imports and were up 17.05%, up 1.94%, up 17.69%, down 0.81%, down 1.15% comparing with the same period of last year.


3.Analysis of import and export trends


Data Source: U.S. Census Bureau