Imports to the US advanced USD 1.3 billion from a month earlier to USD 262.8 billion in August 2019. Goods imports grew USD 1.2 billion to USD 213.0 billion boosted by a USD 1.9 billion surge in shipments of capital goods which reached the highest on record. In addition, consumer goods imports were up USD 1.9 billion, led by purchases of cell phones, while industrial supplies and materials imports dropped USD 1.5 billion. Imports of services, such as insurance services, rose USD 0.1 billion to USD 49.8 billion in August. On a non seasonally adjusted basis, goods imports increased from Mexico (3.1 percent), but declined from China (-0.8 percent), Canada (-0.5 percent), the EU (-5.8 percent), Japan (-3.5 percent), and Brazil (-21.7 percent). Imports in the United States averaged 71801.68 USD Million from 1950 until 2019, reaching an all time high of 266816 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 259000.00 in 12 months time. In the long-term, the United States Imports is projected to trend around 269000.00 USD Million in 2020, according to our econometric models.