To view the file, you will need the, North American Industry Classification System (NAICS), Latest Advance Economic Indicators Report, Latest U.S. International Trade in Goods and Services Report, Global Market Finder: An Interactive Tool for U.S. October imports of automotive vehicles, parts, and engines ($32.2 billion) were the highest since July 2019 ($32.4 billion). The US trade deficit widened to USD 63.1 Billion in October of 2020 from a revised USD 62.1 billion in the previous month and compared to market expectations of USD 64.8 billion. FactFinder, 2010 Includes statistical month as well as date of … The US-China trade war has had a knock-on effect on other countries, and the global economy. This PIIE Chart tracks China’s monthly purchases of US goods covered by the deal, relying on data from both Chinese customs (China’s imports) and the US Census Bureau (US exports). China trade with the United States fell in April -- but nothing like the collapse of U.S. trade with ... [+] Mexico and Canada. Details may not equal totals due to rounding. Accessed April 16, 2020. U.S. trade with Canada, which remains the nation’s No. Schedule, Facts for U.S. trade with the world tumbled more than 24% in April, when compared to the previous April, according to the latest U.S. Census … Graph and download economic data for U.S. Imports of Goods by Customs Basis from China (IMPCH) from Jan 1985 to Oct 2020 about imports, China, goods, and USA. Thus, the $139.6 billion of agricultural exports in 2018 produced an additional $162.9 billion in economic activity, for a total eco… Corner, Scientific That is almost exclusively due to a massive increase in both the quantity and value of U.S. gold imports. The US’s trade deficit rose to $55.5 billion in October, the last release showed, marking its highest level since 2008. Projections, Tribal [PDF] or denotes a file in Adobe’s Portable Document Format.To view the file, you will need the Adobe® Reader® available free from Adobe. The deficit increased from $62.1 billion in September (revised) to $63.1 billion in October, as imports increased more than exports. The trade relationship benefitted from China’s factories reopening in April. However, the US has never run a trade deficit with China that is above $337bn. Estimates, Population But this is where I find. We release the most up to date data every month and you can find the latest here. Exports: $182.0 Billion That's 18% less than 2018's $418.9 billion deficit. This statistic shows the United States goods trade deficit with China from 2013 to 2019. U.S. trade with the world tumbled more than 24% in April, when compared to the previous April, according to the latest U.S. Census Bureau data, which was released today. 1 spot, at least for April, as its U.S. trade was off only 6.79%. Trade, Longitudinal The U.S. monthly international trade deficit increased in October 2020 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. Gold normally rises in price — and normally heads from the United States to Switzerland, often after being imported from Mexico or South America — during times of economic distress. Why Trump's tariffs are good news for US garlic farmers The macroeconomic implications of a global trade war A Chinese economist explains what we get wrong about the trade war But this is where I find myself. U.S. agricultural exports support output, employment, income, and purchasing power in both the farm and nonfarm sectors. Exports to China in the United States averaged 3655.70 USD Million from 1980 until 2020, reaching an all time high of 14723 USD Million in October of 2020 and a record low of 75.20 USD Million in May of 1983. Strong global demand for motor vehicles and for aircraft, spacecraft, and related equipment contributed to the growth in U.S. exports in this sector (table US.3). or use our feedback form! By contrast, the U.S. shipped a much smaller $120.3 billion in goods to China last year, Census trade figures showed. It remains the third-ranked U.S. trade partner overall in 2020. Table reflects only those months for which there was trade. China is currently the United States’ 3rd largest goods trading partner with $558.1 billion in total (two-way) goods trade during 2019. I serve on the Federal Reserve’s Trade and Transportation Advisory Council. On February 14, 2020, the Economic and Trade Agreement Between the United States of America and the People’s Republic Of China: Phase One went into effect.China agreed to expand purchases of certain US goods and services by a combined $200 billion over … Intergovernmental, American Abstract, Fraudulent October exports to China ($14.7 billion) were the highest on record. This was the largest trade surplus since at least 1981, as exports jumped to an all-time high amid improving global demand. The one “bright” spot, ironically, was China, which is locked in not only a trade war with the United States but an ongoing spat between the two countries’ leaders, Presidents Trump and Xi Jinping, over a wide range of topics and issues. Business Owners, American US Census Bureau data shows trade with China was worth $660 billion in 2018 – nearly 16% of total US trade. or use our feedback form! It also led to a one-month increase in the U.S. trade deficit, though it is down for the year. #1 source for current population data and the latest Economic Indicators. 2018 International Trade Webinars Archive. The percentage of U.S. trade that is an export fell to 36.67% in April. 2020 : U.S. trade in goods with China . The deficit increased from $62.1 billion in September (revised) to $63.1 billion in October, as imports increased more than exports. 2-ranked trade partner both for the month of April and year-to-date, saw its total U.S. trade plummet 42.82%. These are two more signs that the trade … © 2020 Forbes Media LLC. Opportunities, Congressional and This was the largest trade surplus since at least 1981, as exports jumped to an all-time high amid improving global demand. All Rights Reserved, This is a BETA experience. This time, gold is coming from Switzerland to the United States. Information is also available by method of transportation with dollar values and shipping weights available for air and vessel shipments. These three countries, which combined are accounting for slightly less than 40% of all U.S. trade this year, were not the only ones to suffer large declines in April. Importing and Exporting Companies, 2017-2018, Monthly Trade Statistics Available in the Census API. Integrity, Business The previously published September deficit was $63.9 billion. Despite a reduction in U.S. agricultural exports to China, total U.S. agricultural exports (to all countries) rose by 1.0 percent to $139.6 billion in calendar year 2018. Race by Sex by Age or poverty & health insurance data. Contact Us. Minerals and metals was the only sector to record a decrease in the value of ex… I don’t expect you to fawn over it like I do, but I hope I bring a little clarity, a different perspective or some insights that are helpful. I also post a weekly Trade Matters video. EAPA data is updated quarterly. ERS estimates that in 2018 each dollar of agricultural exports stimulated another $1.17 in business activity. The United States imported $539.5 billion in goods from China, $419.2 billion more than the $120.3 billion it exported to China, according to figures from the U.S. Census Bureau California had the biggest trade imbalance among states with China, taking in … U.S. trade with Mexico, which remains the nation’s top trade partner on a year-to-date basis, saw its U.S. trade fall 46.17% when compared to the previous April. Today, the company I founded in 1998, WorldCity, has published annual TradeNumbers publications around the country, from Seattle to Miami, Los Angeles to New York and numerous points in between. Details may not equal totals due to rounding. Two decades of analyzing trade data and how policy affects it, publishing annual port-based publications, producing weekly videos, speaking nationally and hosting events. Employer-Household Dynamics (LEHD), Survey of Contact the International Trade Macro Analysis Branch: Email us! Click here for more information. Households to Business to Government - Income & Spending. United States goods trade deficit with China from 2013 to 2019 (in billion U.S. dollars) [Graph]. I think not. Opinions expressed by Forbes Contributors are their own. The United States International Trade Commission is an independent, nonpartisan, quasi-judicial federal agency that fulfills a range of trade-related mandates. Call us: (301)763-2311 or 1-800-549-0595 option 4 [PDF] or denotes a file in Adobe’s Portable Document Format . (December 4, 2020), Deficit: $63.1 Billion Contact the International Trade Macro Analysis Branch: Email us! To view the file, you will need the, [MSWord] or the letters [doc] indicate a document is in the Microsoft® Word Format (DOC). Explanatory Notes Goods (Census basis) Data for goods on a Census basis are compiled from the documents collected by U.S. Customs and Border Protection (CBP) and reflect the movement of goods between foreign countries and the 50 states, the District of Columbia, Puerto Rico, the U.S. Virgin Islands, and U.S. Foreign Trade Zones. You may opt-out by. I didn’t leave the womb thinking I would find my life’s work writing and speaking about trade data, trying to make it interesting and relevant. Resources (AIAN), Statistical ... October exports to China ($14.7 billion) were the highest on record. "Trade in Goods With Canada." The U.S. trade deficit with China in 2019 was $345.2 billion. The previously published September deficit was $63.9 billion. Total monthly value of U.S. trade in goods (export and import) with China from October 2019 to October 2020 (in billion U.S. dollars) [Graph]. The U.S. Census Bureau's Foreign Trade program is the source of all U.S. trade data. The Foreign Trade Division (FTD) provides Information on U.S. export, imports, and balance of trade by commodity or product, country, district, port, and state showing quantity and dollar value. That’s more than triple the 7.65% loss just one month ago, as the impact of the coronavirus pandemic began to appear. The transportation equipment sector recorded the greatest absolute increase in exports ($13.5 billion). Community, Population Canada is overwhelmingly the United States’ top source of oil, which suffered from a rout in prices and demand. In the last year or so, I have spoken about trade in Washington, D.C., Los Angeles, Laredo, Miami and Chicago. United States Census Bureau. China agreed to expand purchases of certain US goods and services by a combined $200 billion over 2020 and 2021 from 2017 levels. United States Census Bureau. NurPhoto via Getty Images. Goods exports totaled $106.4 billion; goods imports totaled $451.7 billion. Want further proof? Complete Release Schedule. Trade with India is off 44.26%, with France 49.35%, with Israel 40.28% and with Russia 44.65%. Exporters, U.S. Exports by Metropolitan Area Report, 3rd Quarter 2020, Profile of U.S. In 2014, U.S. exports grew by $43.9 billion (3 percent) to $1,623.4 billion, as exports in 9 of the 10 sectors reviewed in 2014 Trade Shifts increased (table US.2 and figure US.1). The US-China trade war has had a knock-on effect on other countries, and the global economy. United States Census Bureau. Demand for gold is never a good sign, since it is almost exclusively a security blanket. China's trade surplus widened to USD 75.42 billion in November 2020 from USD 37.18 billion in the same month the previous year, and far above market expectations of USD 53.5 billion. The U.S. trade deficit with China in 2019 was $345.2 billion. "Trade in Goods With Germany." NAICS Codes (You can select up to 50 individual codes.) FOREIGN TRADE is the official source for U.S. export and import statistics and responsible for issuing regulations governing the reporting of all export shipments from the United States. Survey? The U.S. goods and services trade deficit with China was $308.8 billion in 2019. Explanatory Notes Goods (Census basis) Data for goods on a Census basis are compiled from the documents collected by U.S. Customs and Border Protection (CBP) and reflect the movement of goods between foreign countries and the 50 states, the District of Columbia, Puerto Rico, the U.S. Virgin Islands, and U.S. Foreign Trade Zones. Foreign Trade shows what is coming in and what is going out. The International Monetary Fund (IMF) said the escalation of US-China trade … Exports to China in the United States increased to 14723 USD Million in October from 11536.75 USD Million in September of 2020. With those swoons, China returned to the No. ... For official trade statistics of the United States, please refer to the U.S. Census Bureau. China 7: $72,207,869,575: EU 8: ... 2251, and 2411 of title 19, United States Code. "Trade in Goods With Japan." China is back on top. Particularly hard hit in April was U.S. trade with Mexico and Canada. Mexico is a large manufacturer, particularly in the automotive industry, fueling exports and imports of parts and U.S. imports of vehicles. Call us: (301)763-2311 or 1-800-549-0595 option 4 Features. Have you read? US Census Bureau. Activity & Scams, Release The Foreign Trade Division (FTD) provides Information on U.S. export, imports, and balance of trade by commodity or product, country, district, port, and state showing quantity and dollar value. NOTE: All figures are in millions of U.S. dollars on a nominal basis, not seasonally adjusted unless otherwise specified. Accessed April 16, 2020. The trade deficit exists because U.S. exports to China were only $106.4 billion while imports from China were $451.6 billion. (December 4, 2020). Director's Table reflects only those months for which there was trade. Indicators, International Monthly, we upload more than 10 million pages and page views of Census data at ustradenumbers.com, on hundreds of airports, seaports, countries, and export and import commodities. Federal Spending and much more. The trade deficit exists because U.S. exports to China were only $106.4 billion while imports from China were $451.6 billion. The trade deficit with China is down 28.55%, to $76.36 billion. Exports to China in the United States increased to 14723 USD Million in October from 11536.75 USD Million in September of 2020. Over the past ten years, the US has run an annual trade deficit with China … We provide high-quality, leading-edge analysis of international trade issues to the President and the Congress. Goods exports totaled $106.4 billion; goods imports totaled $451.7 billion. Goods (Census basis) Data for goods on a Census basis are compiled from the documents collected by U.S. Customs and Border Protection (CBP) and reflect the movement of goods between foreign countries and the 50 states, the District of Columbia, Puerto Rico, the U.S. Virgin Islands, and U.S. Foreign Trade … China is currently the United States’ 3rd largest goods trading partner with $558.1 billion in total (two-way) goods trade during 2019. Information is also available by method of transportation with dollar values and shipping weights available for air and vessel shipments. Imports: $245.1 Billion, Next release: January 7, 2021 That’s the lowest total in more than five years — which is as far as I checked. By contrast, the U.S. shipped a much smaller $120.3 billion in goods to China last year, Census trade figures showed. Please select data you would like in your request: Help. "Trade in Goods With China." Forms, Economic The nation's international trade deficit in goods and services increased to $63.1 billion in October from $62.1 billion in September (revised), as imports increased more than exports. The Commission is a highly regarded forum for the adjudication of intellectual property and trade disputes. China's trade surplus widened to USD 75.42 billion in November 2020 from USD 37.18 billion in the same month the previous year, and far above market expectations of USD 53.5 billion. The U.S. goods and services trade deficit with China was $308.8 billion in 2019. NOTE: All figures are in millions of U.S. dollars on a nominal basis, not seasonally adjusted unless otherwise specified. Accessed April 16, 2020. October imports from Mexico ($33.1 billion) were the highest on record. The U.S. monthly international trade deficit increased in October 2020 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. EY & Citi On The Importance Of Resilience And Innovation, Impact 50: Investors Seeking Profit — And Pushing For Change, Michigan Economic Development Corporation With Forbes Insights, Georgia Senate Candidates Need To Address Taxes, Pope Francis’s Apostolic Letter On St. Joseph Makes Good Christmas Reading, How Investor Immigration Could Help Address Unemployment In America, Janet Yellen Should Focus On Fiscal Policy, Not Environmental Activism, U.S. Immigration Reform To Be A Biden Priority, Four Healthcare Trends To Look Forward To In 2021, Congressman Introduces New Bill To Abolish Civil Forfeiture, State Lines Shouldn’t Keep Americans From Getting The Mental Health Help They Need, Stimulus Update: The Good And The Bad Of The $900 Billion Plan, Russian Cyberattack Against U.S. Necessitates Swift Retaliation. China is accounting for its lowest percentage of U.S. imports since 2012 and its lowest percentage of U.S. exports since 2009. 2020 : U.S. trade in goods with China . That means that as the total pie has gotten smaller, the U.S. export percentage of that pie has shrunk even more rapidly. U.S. trade with Switzerland was up 90.24% in April, when compared to April 0f 2019. In Statista. (March 15, 2020). The International Monetary Fund (IMF) said the escalation of US-China trade … Contact the International Trade Macro Analysis Branch: Email us! Call us: (301)763-2311 or 1-800-549-0595 option 4, [Excel] or the letters [xls] indicate a document is in the Microsoft® Excel® Spreadsheet Format (XLS). US Census Bureau. Another statistic that might seem like good news, a statistic that will warm the hearts of many, including President Trump, is the declining U.S. trade deficit. **The Enforce and Protect Act (EAPA) was signed into law in FY16. Accessed April 16, 2020. [Excel] or the letters [xls] indicate a document is in the Microsoft® Excel® Spreadsheet Format (XLS).