Imports to the US plunged USD 5.7 billion from a month earlier to USD 257.6 billion in April 2019. Goods imports slumped USD 5.4 billion to USD 208.7 billion, on the back of: capital goods except automotive (down USD 1.7 billion), in particular semiconductors and civilian aircraft engines; consumer goods (down USD 1.1 billion), such as gem diamonds; automotive vehicles, parts, and engines (down USD 1.0 billion) due to passenger cars; and industrial supplies and materials (down USD 0.6 billion). Imports of services, including transport, declined USD 0.3 billion to USD 49.0 billion in April. On a non seasonally adjusted basis, goods imports fell from Canada (-3.5 percent), Mexico (-3.0 percent), Japan (-0.8 percent), and Brazil (-2.4 percent); but rose from China (11.6 percent), the EU (0.5 percent), and OPEC (2.4 percent). Imports in the United States averaged 70880.54 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 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.