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Monitor Report of UNITED STATES trade and UNITED STATES-China binational trade in 202211

 1.  Overview the trade of UNITED STATES in goods current year until 202211

According to Dalian Infobank, in 202211UNITED STATES's exports and imports of goods amounted to 426874.2137 million, and were up 2.68% comparing with the same period of last year. Among these, exports were up 9.22% at 170691.0408 million, and imports were down 1.26% at 256183.1729 million. And the corresponding trade deficit was 85492.1321 million and down 17.12%.

During the current year until 202211, UNITED STATES's total exports and imports of goods were 4887413.2574 million and were up 17.26% comparing to the same period of last year. Among these, exports were 1894117.2280 million and up 18.77%; imports were 2993296.0294 million and up 16.32%. The total trade deficit was 1099178.8014 million and up 12.34%.

If considering by country (region), CANADA, MEXICO, CHINA, JAPAN, GERMANY were UNITED STATES's top five trading partners. During the current year until 202211, UNITED STATES's imports and exports to five countries/territories were 732029.5944 million, 718332.7740 million, 639499.0545 million, 208780.1089 million, 199260.5066 million. These values correspond to 14.98%, 14.70%, 13.08%, 4.27%, 4.08% of UNITED STATES's imports and exports, and, respectively, were up 21.02%, up 18.92%, up 7.75%, up 9.06%, up 8.65% comparing to the same period of last year.

Current year until 202211, 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 202211, UNITED STATES's exports to these five countries/territories were 327190.7842 million, 299457.1519 million, 140047.4837 million, 73927.7508 million, 69754.8567 million. These values correspond to 17.27%, 15.81%, 7.39%, 3.90%, 3.68% of UNITED STATES's exports and, respectively, were up 16.79%, up 18.53%, up 1.41%, up 8.60%, up 24.17% comparing with the same period of last year.

Current year until 202211, 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 202211, UNITED STATES's imports from these five countries/territories were 499451.5708 million, 418875.6220 million, 404838.8103 million, 134852.3581 million, 132318.1180 million. These values correspond to 16.69%, 13.99%, 13.52%, 4.51%, 4.42% of UNITED STATES's total imports and, respectively, were up 9.67%, up 19.20%, up 24.67%, up 9.32%, up 7.08% comparing with the same period of last year.

During the current year until 202211, the trade surplus of UNITED STATES was mainly from NETHERLANDS, HONG KONG, SINGAPORE, BRAZIL, AUSTRALIA at 33920.2148 million, 19350.3209 million, 13779.7628 million, 13773.4177 million, 12495.4603 million, and up 109.49%, down 17.81%, up 197.77%, down 4.50%, down 3.60%. And the trade deficits were mainly from CHINA, MEXICO, VIETNAM, CANADA, GERMANY at 359404.0872 million, 119418.4701 million, 108377.2719 million, 77648.0261 million, 65375.7295 million, and up 13.27%, up 20.93%, up 31.59%, up 74.18%, up 2.56%.

Current year until 202211, UNITED STATES's trade surplus or deficit with top five countries/territories During the current year until 202211,  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 637709.2492 million, 635866.9911 million, 608432.5315 million, 415232.7089 million, 227972.4577 million, which were up 55.41%, up 11.40%, up 13.77%, up 14.00%, up 10.93% comparing with the same period of last year and account for 13.05%, 13.01%, 12.45%, 8.50%, 4.66% of UNITED STATES's total imports and exports.

During the current year until 202211, 27, 84, 85, 87, 88 were UNITED STATES's top five traded commodities, with total import and export values of 348099.1055 million, 210715.6367 million, 180766.9752 million, 123420.6096 million, 92437.4321 million. These values correspond to 18.38%, 11.12%, 9.54%, 6.52%, 4.88% of UNITED STATES's total exports and, respectively, were up 62.16%, up 10.10%, up 6.76%, up 9.20%, up 15.39% comparing to the same period of last year.

During the current year until 202211, 85, 84, 87, 27, 30 were UNITED STATES's top five traded commodities, with total import values of 427665.5562 million, 425151.3544 million, 291812.0992 million, 289610.1437 million, 150435.6117 million. These values correspond to 14.29%, 14.20%, 9.75%, 9.68%, 5.03% of UNITED STATES's total exports and, respectively, were up 17.01%, up 12.06%, up 16.16%, up 48.01%, up 10.85% comparing to the same period of last year.


2. Current year until 202211, UNITED STATES binational trade profile

According to Dalian Infobank, during the current year until 202211, UNITED STATES-China binational exports and imports of goods amounted to 639499.0545 million and were up 7.75% comparing with the same period of last year. Among these, exports from UNITED STATES to China were 140047.4837 million and up 1.41%, imports from China to UNITED STATES were 499451.5708 million and up 9.67%. The total binational trade deficit was 359404.0872 million and up 13.27%.

During the urrent year until 202211, 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 144403.8023 million, 114158.7776 million, 37639.5129 million, 27779.8754 million, 23816.0524 million and makes up 22.58%, 17.85%, 5.89%, 4.34%, 3.72% of the total binational imports and exports. These values were also up 8.14%, down 1.63%, up 10.73%, down 0.04%, down 4.00% comparing to the same period last year.

During the current year until 202211, 12, 85, 84, 27, 90 were the top five traded commodities exported to China from UNITED STATES, with export values of 15768.0134 million, 14861.1688 million, 13823.4070 million, 12537.4736 million, 9949.2219 million. These values account for 11.26%, 10.61%, 9.87%, 8.95%, 7.10% of UNITED STATES's total exports and were up 23.44%, down 17.27%, down 9.17%, down 15.23%, up 2.22% comparing to the same period of last year.

During the current year until 202211, 85, 84, 95, 94, 39 were UNITED STATES's top five traded commodities importing from China , with import values of 129542.6335 million, 100335.3706 million, 37521.3253 million, 23690.2629 million, 21447.0685 million. These values account for 25.94%, 20.09%, 7.51%, 4.74%, 4.29% of UNITED STATES's total imports and were up 12.09%, down 0.49%, up 10.71%, down 3.91%, down 2.63% comparing with the same period of last year.


3.Analysis of import and export trends


Data Source: U.S. Census Bureau