Imports of goods and services to the US slumped USD 7.7 billion from a month earlier to an all-time high of USD 259.2 billion in November 2018. Goods imports dropped USD 7.9 billion to USD 211.9 billion, as purchases of consumer goods were down USD 4.3 billion on the back of cell phones and other household goods, and artwork, antiques, stamps, and other collectibles. In addition, industrial supplies and materials exports fell USD 3.4 billion, due to lower purchases of other petroleum products, fuel oil and crude oil. Meanwhile, imports of services, such as travel, increased USD 0.2 billion to USD 47.3 billion. On a non-seasonally adjusted basis, imports fell from all main partners: China (-10.9 percent); the EU (-7.4 percent); Mexico (-7.0 percent); Canada (-9.1 percent); and Japan (-0.8 percent). Imports in the United States averaged 69720.29 USD Million from 1950 until 2018, reaching an all time high of 266534 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 259000.00 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 258000.00 in 12 months time. In the long-term, the United States Imports is projected to trend around 259000.00 USD Million in 2020, according to our econometric models.