Imports to the United States fell by USD 1.8 billion from the previous month to USD 199.1 billion in May 2020, the lowest level since July 2010, as the coronavirus pandemic led to a fall in domestic demand. Goods purchases decreased by USD 1.3 billion led by a USD 4.4 billion slump in imports of automotive vehicles, parts, and engines and a USD 0.6 billion drop in purchases of capital goods such as computers. Meanwhile, imports of industrial supplies and materials were up USD 2.3 billion boosted by nonmonetary gold and finished metal shapes, and those of consumer goods advanced USD 1.9 billion on the back of other textile apparel and household goods as well as cell phones and other household goods. Imports of services decreased USD 0.5 billion due to travel, financial and other business services and charges for the use of intellectual property.
Imports in the United States averaged 73788.86 USD Million from 1950 until 2020, reaching an all time high of 266719 USD Million in October of 2018 and a record low of 577 USD Million in March of 1950. This page provides the latest reported value for - United States Imports - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United States Imports - data, historical chart, forecasts and calendar of releases - was last updated on July of 2020. source: U.S. Census Bureau
Imports in the United States is expected to be 219000.00 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 231000.00 in 12 months time. In the long-term, the United States Imports is projected to trend around 239000.00 USD Million in 2021 and 269000.00 USD Million in 2022, according to our econometric models.