The US-China trade war has had a knock-on effect on other countries, and the global economy. Exports to China in the United States increased to 14723 USD Million in October from 11536.75 USD Million in September of 2020. Table reflects only those months for which there was trade. Accessed April 16, 2020. 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. But this is where I find. October imports of automotive vehicles, parts, and engines ($32.2 billion) were the highest since July 2019 ($32.4 billion). 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. Exports: $182.0 Billion Even what might appear to be a piece of good news is decidedly not. 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). 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. Trade with India is off 44.26%, with France 49.35%, with Israel 40.28% and with Russia 44.65%. Click here for more information. 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. 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. Over the past ten years, the US has run an annual trade deficit with China … (December 4, 2020), Deficit: $63.1 Billion By contrast, the U.S. shipped a much smaller $120.3 billion in goods to China last year, Census trade figures showed. October imports from Mexico ($33.1 billion) were the highest on record. Contact the International Trade Macro Analysis Branch: Email us! China trade with the United States fell in April -- but nothing like the collapse of U.S. trade with ... [+] Mexico and Canada. NurPhoto via Getty Images. Contact the International Trade Macro Analysis Branch: Email us! "Trade in Goods With Canada." 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). Canada is overwhelmingly the United States’ top source of oil, which suffered from a rout in prices and demand. NAICS Codes (You can select up to 50 individual codes.) 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. China is accounting for its lowest percentage of U.S. imports since 2012 and its lowest percentage of U.S. exports since 2009. Table reflects only those months for which there was trade. That's 18% less than 2018's $418.9 billion deficit. In the last year or so, I have spoken about trade in Washington, D.C., Los Angeles, Laredo, Miami and Chicago. 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. The U.S. goods and services trade deficit with China was $308.8 billion in 2019. United States Census Bureau. 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. 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. Have you read? I serve on the Federal Reserve’s Trade and Transportation Advisory Council. U.S. agricultural exports support output, employment, income, and purchasing power in both the farm and nonfarm sectors. 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. 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. By contrast, the U.S. shipped a much smaller $120.3 billion in goods to China last year, Census trade figures showed. 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. Please select data you would like in your request: Help. But, as is the case with gold, the statistic really reflects something else: It reflects an economy that is in decline. Details may not equal totals due to rounding. But this is where I find myself. Total services trade between the United States and China increased during 2011–15; U.S. exports of services grew by $19.7 billion, while U.S. imports grew by $3.3 billion. 2020 : U.S. trade in goods with China . [Excel] or the letters [xls] indicate a document is in the Microsoft® Excel® Spreadsheet Format (XLS). U.S. trade with Canada, which remains the nation’s No. United States Census Bureau. FT900 US International Trade in Goods and Services. "Trade in Goods With China." Projections, Tribal 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 … Information is also available by method of transportation with dollar values and shipping weights available for air and vessel shipments. Trade, Longitudinal The previously published September deficit was $63.9 billion. It remains the third-ranked U.S. trade partner overall in 2020. The US’s trade deficit rose to $55.5 billion in October, the last release showed, marking its highest level since 2008. Resources (AIAN), Statistical Two decades of analyzing trade data and how policy affects it, publishing annual port-based publications, producing weekly videos, speaking nationally and hosting events. China is currently the United States’ 3rd largest goods trading partner with $558.1 billion in total (two-way) goods trade during 2019. The trade relationship benefitted from China’s factories reopening in April. 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. It means the wrong people are frightened. The percentage of U.S. trade that is an export fell to 36.67% in April. Exports to China in the United States increased to 14723 USD Million in October from 11536.75 USD Million in September of 2020. U.S. trade with Switzerland was up 90.24% in April, when compared to April 0f 2019. Abstract, Fraudulent All Rights Reserved, This is a BETA experience. The trade deficit exists because U.S. exports to China were only $106.4 billion while imports from China were $451.6 billion. Schedule, Facts for Intergovernmental, American © 2020 Forbes Media LLC. Details the release dates for the Preliminary: U.S. Exports to China of Selected Schedule B Commodities For Monitoring the U.S. - China Economic Trade Agreement . Census, Help With Your 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. This time, gold is coming from Switzerland to the United States. The Commission is a highly regarded forum for the adjudication of intellectual property and trade disputes. Details may not equal totals due to rounding. China agreed to expand purchases of certain US goods and services by a combined $200 billion over 2020 and 2021 from 2017 levels. 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. Forms, Economic China is currently the United States’ 3rd largest goods trading partner with $558.1 billion in total (two-way) goods trade during 2019. This was the largest trade surplus since at least 1981, as exports jumped to an all-time high amid improving global demand. October exports to China ($14.7 billion) were the highest on record. 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. The US-China trade war has had a knock-on effect on other countries, and the global economy. Estimates, Population The International Monetary Fund (IMF) said the escalation of US-China trade … The reasons for the U.S. trade declines with Canada and Mexico are, while markedly different, both clearly tied to the coronavirus and the ensuing economic crisis in the United States. 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. Call us: (301)763-2311 or 1-800-549-0595 option 4 EAPA data is updated quarterly. The deficit increased from $62.1 billion in September (revised) to $63.1 billion in October, as imports increased more than exports. 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 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. 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. 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. Integrity, Business Importing and Exporting Companies, 2017-2018, Monthly Trade Statistics Available in the Census API. The deficit this year has dropped about 8%, from $264.59 billion to $243.05 billion. (March 15, 2020). China 7: $72,207,869,575: EU 8: ... 2251, and 2411 of title 19, United States Code. Collection of videos to enhance export training. Director's 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 … Opinions expressed by Forbes Contributors are their own. That is almost exclusively due to a massive increase in both the quantity and value of U.S. gold imports. 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. China is back on top. 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. Want further proof? We release the most up to date data every month and you can find the latest here. 2020 : U.S. trade in goods with China . US Census Bureau. 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. NOTE: All figures are in millions of U.S. dollars on a nominal basis, not seasonally adjusted unless otherwise specified. NOTE: All figures are in millions of U.S. dollars on a nominal basis, not seasonally adjusted unless otherwise specified. ... October exports to China ($14.7 billion) were the highest on record. #1 source for current population data and the latest Economic Indicators. Foreign Trade shows what is coming in and what is going out. Federal Spending and much more. Community, Population or use our feedback form! Accessed April 16, 2020. United States Census Bureau. or use our feedback form! Goods exports totaled $106.4 billion; goods imports totaled $451.7 billion. "Trade in Goods With Japan." Employer-Household Dynamics (LEHD), Survey of Contact Us. Survey? (December 4, 2020). We provide high-quality, leading-edge analysis of international trade issues to the President and the Congress. Contact the International Trade Macro Analysis Branch: Email us! Call us: (301)763-2311 or 1-800-549-0595 option 4 [PDF] or denotes a file in Adobe’s Portable Document Format . 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. Includes statistical month as well as date of … Accessed April 16, 2020. **The Enforce and Protect Act (EAPA) was signed into law in FY16. 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. 1 spot, at least for April, as its U.S. trade was off only 6.79%. The United States International Trade Commission is an independent, nonpartisan, quasi-judicial federal agency that fulfills a range of trade-related mandates. Exporters, U.S. Exports by Metropolitan Area Report, 3rd Quarter 2020, Profile of U.S. 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). United States Census Bureau. Imports: $245.1 Billion, Next release: January 7, 2021 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. Particularly hard hit in April was U.S. trade with Mexico and Canada. This was the largest trade surplus since at least 1981, as exports jumped to an all-time high amid improving global demand. That means that as the total pie has gotten smaller, the U.S. export percentage of that pie has shrunk even more rapidly. Households to Business to Government - Income & Spending. The U.S. Census Bureau's Foreign Trade program is the source of all U.S. trade data. 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 It also led to a one-month increase in the U.S. trade deficit, though it is down for the year. Demand for gold is never a good sign, since it is almost exclusively a security blanket. "Trade in Goods With Germany." Features. 2018 International Trade Webinars Archive. US Census Bureau. Accessed April 16, 2020. That’s more than triple the 7.65% loss just one month ago, as the impact of the coronavirus pandemic began to appear. or use our feedback form! 2-ranked trade partner both for the month of April and year-to-date, saw its total U.S. trade plummet 42.82%. Corner, Scientific Opportunities, Congressional and The previously published September deficit was $63.9 billion. Information is also available by method of transportation with dollar values and shipping weights available for air and vessel shipments. Business Owners, American All hail the declining trade deficit? 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 … Thus, the $139.6 billion of agricultural exports in 2018 produced an additional $162.9 billion in economic activity, for a total eco… Indicators, International Minerals and metals was the only sector to record a decrease in the value of ex… I also post a weekly Trade Matters video. Mexico is a large manufacturer, particularly in the automotive industry, fueling exports and imports of parts and U.S. imports of vehicles. Are You in a You may opt-out by. The trade deficit exists because U.S. exports to China were only $106.4 billion while imports from China were $451.6 billion. United States goods trade deficit with China from 2013 to 2019 (in billion U.S. dollars) [Graph]. To view the file, you will need the, [MSWord] or the letters [doc] indicate a document is in the Microsoft® Word Format (DOC). ERS estimates that in 2018 each dollar of agricultural exports stimulated another $1.17 in business activity. The U.S. trade deficit with China in 2019 was $345.2 billion. The trade deficit with China is down 28.55%, to $76.36 billion. 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. 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]. These are two more signs that the trade … However, the US has never run a trade deficit with China that is above $337bn. The U.S. trade deficit with China in 2019 was $345.2 billion. Race by Sex by Age or poverty & health insurance data. The transportation equipment sector recorded the greatest absolute increase in exports ($13.5 billion). The deficit increased from $62.1 billion in September (revised) to $63.1 billion in October, as imports increased more than exports. That’s the lowest total in more than five years — which is as far as I checked. ... For official trade statistics of the United States, please refer to the U.S. Census Bureau. 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[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. With those swoons, China returned to the No. Goods exports totaled $106.4 billion; goods imports totaled $451.7 billion. FactFinder, 2010 US Census Bureau data shows trade with China was worth $660 billion in 2018 – nearly 16% of total US trade. 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 International Monetary Fund (IMF) said the escalation of US-China trade … 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 …