Imports of goods and services to the US increased 0.2 percent, or USD 0.6 billion, month-over-month to USD 259.1 billion. Goods imports went up USD 0.9 billion to USD 211.6 billion, as purchases of consumer goods were up USD 1.6 billion on the back of cell phones and other household goods (up USD 2.1 billion) and imports of other goods increased USD 0.5 billion. By contrast, industrial supplies and materials imports fell USD 1.2 billion. Also, imports of services decreased USD 0.3 billion to USD 47.5 billion, dragged down by transport (down USD 0.2 billion) and travel for all purposes including education (down USD 0.1 billion). On a non-seasonally adjusted basis, imports dropped from China (-20.2 percent); Brazil (-13.3 percent); the EU (-4.6 percent) and Japan (-1.2 percent). Imports in the United States averaged 70414.54 USD Million from 1950 until 2019, reaching an all time high of 267232 USD Million in October of 2018 and a record low of 577 USD Million in March of 1950.
Imports in the United States is expected to be 262000.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Imports in the United States to stand at 255000.00 in 12 months time. In the long-term, the United States Imports is projected to trend around 279000.00 USD Million in 2020, according to our econometric models.