Imports to the US declined USD 4.6 billion from the previous month to USD 261.5 billion in June 2019. Goods imports plunged USD 4.7 billion to USD 212.3 billion due to purchases of industrial supplies and materials (down USD 3.2 billion), in particular crude oil, other petroleum products, and fuel oil; and consumer goods (down USD 0.9 billion) led by cell phones and other household goods. Imports of services were up USD 0.1 billion to USD 49.2 billion in June. On a non seasonally adjusted basis, goods imports decreased from all main partners: China (-0.7 percent), Canada (-5.2 percent), Mexico (-4.9 percent), the EU (-9.0 percent), Japan (-0.6 percent), and Brazil (-14.4 percent). Imports in the United States averaged 71344.21 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 260000.00 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.