Exports of goods and services from the US fell USD 3.9 billion from the previous month to a ten-month low of USD 205.1 billion in December 2018. Goods exports decreased USD 3.9 billion to USD 135.6 billion, mainly due to lower sales of industrial supplies and materials (down USD 2.1 billion), such as other petroleum products, crude oil and fuel oil; and capital goods (down USD 1.7 billion), namely civilian aircraft. In addition, exports of services, in particular transport, dropped less than USD 0.1 billion to USD 69.5 billion in December. On a non-seasonally adjusted basis, exports fell to Mexico (-15.4 percent), Canada (-10 percent), the EU (-3.5 percent) and Japan (-2.1 percent), but rose to China (6 percent). For 2018, exports increased 6.3 percent from the previous year to USD 2.50 trillion. Exports in the United States averaged 55352.73 USD Million from 1950 until 2018, reaching an all time high of 212846 USD Million in May of 2018 and a record low of 772 USD Million in March of 1950.
Exports in the United States is expected to be 207000.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Exports in the United States to stand at 198000.00 in 12 months time. In the long-term, the United States Exports is projected to trend around 206000.00 USD Million in 2020, according to our econometric models.