), Table US.3 All merchandise sectors: U.S. total exports, general imports, and merchandise trade balance, by selected trading partners and groups, 2014–18. Africa: Algeria, Angola, Benin, Botswana, British Indian Ocean Territories, Burkina Faso, Burundi, Cabo Verde, Cameroon, Central African Republic, Chad, Comoros, Congo (Brazzaville), Congo (Kinshasa), Djibouti, Egypt, Equatorial Guinea, Eritrea, Eswatini, Ethiopia, French Southern and Antarctic Lands, Gabon, Gambia, Ghana, Guinea, Guinea-Bissau, Ivory Coast, Kenya, Lesotho, Liberia, Libya, Madagascar, Malawi, Mali, Mauritania, Mauritius, Mayotte, Morocco, Mozambique, Namibia, Niger, Nigeria, Reunion, Rwanda, St. Helena, Sao Tome and Principe, Senegal, Seychelles, Sierra Leone, Somalia, South Africa, South Sudan, Sudan, Tanzania, Togo, Tunisia, Uganda, Western Sahara, Zambia, Zimbabwe. The United States and Chile Hold the Twelfth Meeting of the Free Trade Commission under the U.S.-Chile Free Trade Agreement 2018-10-16 U.S. Each month, the U.S. Census Bureau revises the aggregate seasonally adjusted (current and real, or chained-dollar) and unadjusted export, import, and trade balance figures, as well as the end-use totals for the prior month. December imports were $264.9 billion, $5.5 billion more than November imports. Ambassador to Egypt Jonathan R. Cohen noted, “These grant agreements total $1.4 million and underscore the mutual focus of Egypt and the United States on expanding the robust trade and investment relationship between our countries. The average goods and services deficit increased $1.5 billion to $55.5 billion for the three months ending in December. Canadian estimates: Effective with January 2001 statistics, the current month data for exports to Canada contain an estimate for late arrivals and corrections. Combined, these three sectors accounted for about 53 percent of the total value increase in U.S. general imports during this period. Travel is a transactor-based component that covers a variety of goods and services, primarily lodging, meals, transportation in the country of travel, amusement, entertainment, and gifts. Other revisions: For December and January statistical month releases, each prior month of the most recent full year is revised so that the totals of the seasonally adjusted months equal the annual totals. The Census data only include gold that enters the U.S. customs territory. Country detail data and commodity detail data, based on the Standard International Trade Classification (SITC) Revision 4 and the North American Industry Classification System (NAICS), are not revised monthly. 2018) demonstrated four consecutive scenarios in the US–China trade conflict and its spillover effects on the world economy. Imports of services increased $0.5 billion to $47.7 billion in December. ), Table US.1 U.S. total exports, general imports, and merchandise trade balance, by major industry/commodity sectors, 2014–18, Figure US.1 Total U.S. exports, general imports and trade balance, 2014–18 (billion $). [18] These increases were partially offset by decreases in imports of telecommunications equipment;[19] semiconductors and integrated circuits;[20] blank and prerecorded media;[21] and aluminum mill products. Exports decreased $9.6 billion to $120.3 billion and imports increased $34.0 billion to $539.5 billion. Additions for sales of fish caught in U.S. territorial waters, exports of electricity to Mexico, private gift parcels, vessels and oil rigs for which ownership changes, valuation of software exports at market value, low-value (below reporting threshold) transactions for 1999–2009 to phase in a revised Census Bureau low-value methodology that was implemented for goods on a Census basis beginning with statistics for 2010, and, for periods prior to 2010, FMS goods exports reported to BEA by the U.S. Department of Defense. Copy link. Unlike the seasonal adjustments by commodity and by service type that are applied to the global totals, these adjustments are developed and applied directly at the country and world area levels. Pacific Rim: Australia, Brunei, China, Hong Kong, Indonesia, Japan, Korea (South), Macau, Malaysia, New Zealand, Papua New Guinea, Philippines, Singapore, Taiwan. Europe: Albania, Andorra, Armenia, Austria, Azerbaijan, Belarus, Belgium, Bosnia and Herzegovina, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Faroe Islands, Finland, France, Georgia, Germany, Gibraltar, Greece, Hungary, Iceland, Ireland, Italy, Kazakhstan, Kosovo, Kyrgyzstan, Latvia, Liechtenstein, Lithuania, Luxembourg, Macedonia, Malta, Moldova, Monaco, Montenegro, Netherlands, Norway, Poland, Portugal, Romania, Russia, San Marino, Serbia, Slovakia, Slovenia, Spain, Svalbard-Jan Mayen Island, Sweden, Switzerland, Tajikistan, Turkey, Turkmenistan, Ukraine, United Kingdom, Uzbekistan, Vatican City. (For more information, see the Agricultural Products, Electronic Products, Transportation Equipment, and Minerals and Metals chapters.). Japan and Germany ranked fourth and fifth, respectively, both as suppliers for U.S. imports and as destinations for U.S. exports (table US.3). These categories are used as the basis for computing the seasonal and trading-day adjusted data. For November, revised export carry-over was $0.2 billion (0.1 percent) and revised import carry-over was $0.1 billion (less than 0.1 percent). Trump orders “Section 301” probe into alleged Chinese intellectual property theft, described as his first direct trade measure against Beijing. Other revisions: The release for December statistical month contains revisions to goods for January through November of the most recent year; the release for January statistical month contains revisions to both goods and services for all months of the most recent year. See the "Key Source Data and Assumptions" table that accompanies each GDP release for more information. Computer accessories increased $2.5 billion. 12 July 2018. 2018 : U.S. trade in goods with Russia . For total exports and imports, data users should refer to the commodity-based totals shown in the other exhibits. or use our feedback form! Contact Us. U.S. imports of footwear increased the least in both absolute and percentage terms, growing $927 million (3.6 percent) from 2017 to 2018. Imports from these three countries saw the largest increases during this period and accounted for about 42 percent of the total increase in the value of U.S. general imports. Imports of goods on a Census basis increased $5.2 billion. In 2018, the United States was the largest partner for EU exports of goods (21 % of total extra-EU exports) and second largest for EU imports of goods (14 % of total extra-EU imports), after China (20 %). Why is this information prepared? Border Patrol Sectors. Gold exports, nonmonetary - This addition is made for gold that is purchased by foreign official agencies from private dealers in the United States and held at the Federal Reserve Bank of New York. Additional statistics, including not seasonally adjusted statistics and details for goods on a Census basis, are available in exhibits 1-20b of this release. The decrease in U.S. exports to China was driven by a sharp drop in exports of oilseeds,[9] which were $9.1 billion (74 percent) lower than in 2017. Information about the U. S. International Trade Commission’s mission and history as an independent, quasi-judicial federal agency with broad investigative responsibilities on matters of trade. Administrative Law Judges biographies and photos. The trade deficit is the result of exporting goods and services worth about $2.5 trillion while importing goods and services worth about $3.12 trillion. [21] USITC DataWeb/USDOC, digest EL004 (accessed March 15, 2019). Because these goods do not cross the U.S. customs frontier, their value is not recorded in the Census data. By 2018, it had increased to $418.9 billion, before falling to $345.2 billion in 2019. [23] USITC DataWeb/USDOC, digest EP004 (accessed March 15, 2019). However, the customs value for imports for certain Canadian and Mexican goods is the point of origin in Canada or Mexico. Travel (for all purposes including education) - Includes goods and services acquired by nonresidents while abroad. Pharmaceutical preparations increased $23.7 billion. United States International Trade Commission The Year in Trade 2018 . As regulations regarding cross-border trade continue to increase, international shippers need to mitigate their risks China–US Trade Disputes in 2018: An Overview. Trade in services 2016-2018, € billions Year EU imports EU exports Balance; 2016: 192.5: 160.0-32.4: 2017: 194.7: 172.8-21.8: 2018: 196.2: 179.4-16.8 The deficit with Mexico increased $2.1 billion to $8.8 billion in December. Trade (% of GDP) from The World Bank: Data. These services do not include the value of the information transmitted. In the remaining sectors, however, the trade deficit widened. Data adjusted for seasonal variation on a real, or chained-dollar, basis (2012 reference year) are presented in exhibits 10 and 11. About sharing. Goods by Selected Countries and Areas – Census Basis (exhibits 14 and 14a). A message from Director-General Roberto Azevêdo Faster trade expansion is being driven by stronger growth across most regions, especially i n developing economies.   China 2018 Special 301 Report . The FT-900 and the FT-900 Supplement are available at www.census.gov/ft900 or www.bea.gov/data/intl-trade-investment/international-trade-goods-and-services. Manufactured goods conform to the NAICS; they consist of goods that have been mechanically, physically, or chemically transformed. Merchandise Trade Statistics: A Quality Profile" (October 2014) for a detailed discussion of errors affecting the goods data. The USITC conducts investigations on matters involving international trade and industry competitiveness. [17] USITC DataWeb/USDOC, digest MS009 (accessed March 15, 2019). (For more information, see the Energy-related Products, Chemicals and Related Products, and Transportation Equipment chapters. Ambassador Robert E. Lighthizer Announces USTR Annual Awards During Virtual Event. Household and kitchen appliances increased $0.7 billion. Merchandise Trade summary statistics data for United States (USA) including exports and imports, applied tariffs, top export and import by partner countries and top exported/imported product groups, along with development indicators from WDI such as GDP, GNI per capita, trade balance and trade as percentage of GDP for year U.S. imports from China rose the most, gaining $34.0 billion (6.7 percent) in 2018 to reach $539 billion, the highest level in the last five years. For 2018, the goods and services deficit increased $68.8 billion, or 12.5 percent, from 2017. The US is a major trade and investment partner for the UK - … The Office of the United States Trade Representative (USTR) is responsible for the preparation of this Report. The U.S. merchandise trade deficit with the rest of the world grew by $83.0 billion (10.4 percent) to $878.7 billion in 2018. The goods data are a complete enumeration of documents collected by CBP and are not subject to sampling errors. Services supplied by and to governments are classified to specific services categories when source data permit. The deficit with China increased $3.2 billion to $38.7 billion in December. Contact the International Trade Macro Analysis Branch: Email us! [8] In 2018, China, Canada, and Mexico, combined, accounted for 45 percent of the total U.S. trade. 1337). U.S. exports of telecommunications equipment decreased $2.1 billion (5.4 percent) due to a decline in exports to France, Hong Kong, and Spain. [25] USITC DataWeb/USDOC, digest TE009 (accessed March 15, 2019). [14] USITC DataWeb/USDOC, digest TE010 (accessed March 15, 2019). Cross-border transactions in non-customized packaged software with a license for perpetual use are included in goods. Financial services increased $4.6 billion. The seasonally adjusted country and world area data will not sum to the seasonally adjusted commodity-based totals because the seasonally adjusted country and world area data and the commodity-based totals are derived from different aggregations of the export and import data and from different seasonal adjustment models. Computer services consist of hardware- and software-related services and data processing services. Information services include news agency services, database services, and web search portals. Search for more papers by this author. Other business services - Consists of research and development services, professional and management consulting services, and technical, trade-related, and other business services. It is computed by adding import charges to the customs value and therefore excludes U.S. import duties. Deficits were recorded, in billions of dollars, with China ($419.2), European Union ($169.3), Mexico ($81.5), Germany ($68.3), Japan ($67.6), Ireland ($46.8), Italy ($31.6), Malaysia ($26.5), India ($21.3), OPEC ($21.2), Canada ($19.8), Thailand ($19.3), Switzerland ($18.9), South Korea ($17.9), France ($16.2), Taiwan ($15.5), Russia ($14.1), Indonesia ($12.6), and Saudi Arabia ($10.5). The full schedule is available in the Census Bureau's Economic Briefing Room at www.census.gov/economic-indicators/ or on BEA's Web site at www.bea.gov/news/schedule. Though the Code of Federal Regulations (CFR) and the Federal Register remain the official source for the text of the USITC's rules, these electronic versions are provided as a convenience. In addition, U.S. imports of coffee and tea decreased $596 million (8.3 percent), driven by lower imports of these products from Canada, Vietnam, Colombia, and Brazil. us to better provide them with relevant statistical data. [29] USITC DataWeb/USDOC, digest EP004 (accessed March 15, 2019). [16] USITC DataWeb/USDOC, digest EL017 (accessed March 15, 2019). In fact, the trade deficit in energy-related products continued to fall in 2018, as it had during 2014–17, declining 13.1 billion (24.5 percent) from the previous year. Goods by Selected Countries and Areas: Monthly – Census Basis (exhibit 19). This product- and commodity-based measure of advanced technology differs from broader NAICS-based measures, which include all goods produced by a particular industry group, regardless of the level of technology embodied in the goods. U.S. foreign direct investment (FDI) in China (stock) was $116.2 billion in 2019, a 6.3% increase from 2018. The December figures show surpluses, in billions of dollars, with South and Central America ($3.5), Hong Kong ($2.2), Brazil ($0.8), United Kingdom ($0.6), and Singapore ($0.4). They include both additions to and deductions from goods on a Census basis and are presented in this release as net adjustments. Low-valued transactions: The total values of transactions valued as much as or below $2,500 for exports and $2,000 ($250 for certain quota items) for imports are estimated for each country, using factors based on the ratios of low-valued shipments to individual country totals for past periods. Other petroleum products decreased $0.9 billion. For imports, the value reported is the CBP-appraised value of merchandise—generally, the price paid for merchandise for export to the United States. Imports of goods on a Census basis increased $200.8 billion. Goods procured in foreign ports by U.S. carriers - This addition is made for U.S. air and ocean carriers' fuel purchases in foreign ports. Quality assurance procedures are performed at every stage of collection, processing, and tabulation. The United States had a services trade surplus of an estimated $36 billion with China in 2019, down 4.1% from 2018. [31] USITC DataWeb/USDOC, digest EL003 (accessed March 15, 2019). The next release of the ITAs is scheduled for March 27, 2019. U.S. merchandise trade and tariff data web interface, Retrieve U.S. merchandise trade data using the data request tool. Deficits were recorded, in billions of dollars, with China ($38.7), European Union ($15.8), Mexico ($8.8), Germany ($5.7), Japan ($5.5), Italy ($3.0), South Korea ($1.7), Taiwan ($1.6), France ($1.5), India ($1.4), OPEC ($1.3), Saudi Arabia ($1.2), and Canada ($0.7). US-China trade war: 'We're all paying for this' Negotiations are ongoing but have proven difficult. For services, CAFTA-DR is not available because trade with this area's member countries cannot be separately identified. News and analysis of US trade policy, including the evolution and impact of US free-trade agreements (such as the revised free-trade agreement between the United States, Mexico and Canada), and important trade disputes involving violations of international law.   Machinery Sept. 24, 2018. Exports of services decreased less than $0.1 billion to $69.5 billion in December. Current general fact-finding investigations being conducted by the Offices of Economics and of Industries. The decline in US exports took place even before trade war rhetoric between the United States and China began to heat up. The U.S. goods trade deficit with India was $23.4 billion in 2019, a 11.0% increase ($2.3 billion) over 2018. Exports increased $35.4 billion to $318.6 billion and imports increased $53.3 billion to $487.9 billion. Merchandise Trade statistics data for United States (USA) including exports and imports, applied tariffs, top exporting and importing countries, effectively applied and MFN tariff along with most exported and imported product groups, along with development indicators such as GDP, GNI per capita, trade balance and trade as percentage of GDP for Most Recent Year. The U.S. goods trade deficit with China was $345.0 billion in 2019, a 17.6% decrease ($73.7 billion) from 2018. Exports are valued at the f.a.s. These investigations often concern the likely impact of changes in trade policy such as trade agreements on the U.S. economy, industries, and workers or provide assessments of U.S. industries. The trade relationship of the United States with Canada is the second largest in the world after China and the United States. 2018 US-China Trade Conflict after 40 Years of Special Protection Project Team Imports were $3,121.0 billion, up $217.7 billion from 2017. Statement on the United States - Central Asia Trade and Investment Framework Agreement This change will affect exhibits 14, 17a, and 19 of the FT-900 and exhibit 4 of the FT-900 Supplement. The deficit increased from $62.1 billion in September (revised) to $63.1 billion in October, as imports increased more than exports. On the other hand, the U.S. trade deficit with Japan, South Korea, and India in 2018 decreased by $1.2 billion (1.8 percent), $5.1 billion (22.4 percent), and $1.6 billion (7.1 percent), respectively. Computer accessories increased $5.4 billion. Merchandise Trade Statistics: A Quality Profile, Advance Report Frequently Asked Questions, ITA Table 2.4. Feng Lu. [24] USITC DataWeb/USDOC, digest TE009 (accessed March 15, 2019). Imports by U.S. military agencies - This addition is made for purchases of goods abroad by U.S. military agencies, which are reported to BEA by the Department of Defense. African Development Bank experts warn that the trade tensions could cause a 2.5 percent reduction in GDP Adjustments for seasonal and trading-day variations. Exports decreased $1.3 billion to $21.1 billion and imports increased $0.8 billion to $29.9 billion. New: US trade deficit grew $69 billion in 2018, hitting a 10-year high. Business travel also includes expenditures by border, seasonal, and other short-term workers in their economy of employment. The exception is exhibit 17a, which shows CIF import value. BEA also publishes more detailed quarterly and annual statistics for net adjustments in ITA Table 2.4. 1. (For more information, see the Energy-related Products, Transportation Equipment, and Chemicals and Related Products chapters. In 2018, the United States experienced a trade deficit in all 10 merchandise sectors included in this report—including agricultural products, which had had a trade surplus during each of the previous four years from 2014 to 2017. Quick lookup; data for individual tariff lines. Miscellaneous Tariff Bill (MTB) Information Page, Office of Industries Similarly, the United States’ imports of transportation equipment came mostly from major trading partners that are also large exporters of transportation equipment—Mexico, Japan, Canada, Germany, South Korea, and China. However, this increase was tempered by a decrease in exports of two product groups within this sector—motor vehicles[2] (down $1.2 billion, or 1.5 percent) and aircraft engines and gas turbines[3] (down $766 million, or 7.7 percent) (table US.2). (not included elsewhere) - Consists of maintenance and repair services performed by residents of one country on goods that are owned by residents of another country. [7] See the Energy-related Products, Chemicals and Related Products, Transportation Equipment, and Footwear chapters included in this report for more information. In 2018, U.S. total exports and general imports both increased. It also increased with Canada and Mexico, rising $2.7 billion (15.9 percent) and $10.6 billion (14.9 percent), respectively. [1] Unless otherwise noted, the export data used in this investigation are for domestic exports. ), Table US.2 All merchandise sectors: Leading changes in U.S. exports and imports, 2014–18, Aircraft, spacecraft, and related equipment (TE013), Aircraft engines and gas turbines (TE001), Computers, peripherals, and parts (EL017), The value of U.S. general imports increased for the 10 merchandise sectors included in the report, rising a combined $200.8 billion (8.6 percent) to $2.5 trillion from 2017 to 2018. What are special provision exports and imports? This site includes planned staged tariff reductions (where applicable) and 3-year (plus year-to-date) import data. Which 8-digit HTS subheadings are included in each? (For more information, see the Transportation Equipment and Agricultural Products chapters.). [20] USITC DataWeb/USDOC, digest EL015 (accessed March 15, 2019).   Electronic Products Computer accessories increased $0.7 billion. BEA makes an addition for the inland freight charges of transporting these goods to the U.S. border to make the value comparable to the customs value reported for imports from other countries. 10  The $346 billion deficit with China was created by $452 billion in imports. Deductions for equipment repairs (parts and labor), repairs to U.S. vessels abroad, and developed motion picture film. 2018 : U.S. trade in goods with India . tradeshifts@usitc.gov. The Census Bureau has determined that not all required documents are filed, particularly for exports. Tariff Data for specific products, Tariff Programs, Agency Planning, Budget and Financial Reports, U.S. Trade by Industry Sector and Selected Trading Partners, Miscellaneous Tariff Bill (MTB) Information Page. Excludes such services in which the cost is included in the price of the goods and is not billed separately or is declared as a part of the price of the goods on the import or export declaration filed with the U.S. Customs and Border Protection.