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POLITICS

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SOCIETYU.S.importsCHAPTER

01OverviewLeadingimportcountriesworldwidein2022(inbillionU.S.dollars)Leadingimportcountriesworldwide2022ImportsinbillionU.S.dollars05001,0001,5002,0002,5003,0003,5004,000USAChina3,376.22,716Japan897.24UnitedKingdomSouthKoreaHongKongCanada823.87731.37667.55581.67475.58SingaporeTurkeyVietnamSwitzerlandAustralia363.71359.28356.47309.19294.43Malaysia3Description:Thestatisticshowsarankingofthetop20importcountriesworldwidein2022.In2022,theU.S.weretheleadingimportcountryintheworldwithanimportvalueofabout3.38trillionUSdollars.ReadmoreNote(s):Worldwide;2022Source(s):WTOTotalvalueofU.S.internationaltradefrom2000to2022(inbillionU.S.dollars)TotalvalueofU.S.internationaltrade2000-2022ExportsImports4,5004,0003,5003,0002,5002,0001,5001,0005002000

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2022Year4Description:ThisstatisticdepictsthetotalvalueofU.S.internationaltradefrom2000to2022.In2022,thevalueofU.S.internationalexportsamountedtoaboutthreetrillionU.S.dollars;importsamountedtoapproximately3.97trillionU.S.dollars.ReadmoreNote(s):UnitedStates;2000to2022Source(s):BEA;USDepartmentofCommerceTradebalanceoftheUnitedStatesfrom2000to2022(inbillionU.S.dollars)U.S.tradebalance2000-20220-100-200-300-400-500-600-700-800-900-1,0002000

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20225Description:Asof2022,theUnitedStateshadatradedeficitofabout945.32billionU.S.dollars.TheU.S.tradedeficithasbeensteadilyincreasingsince2009andhassurpassed2006levels,whenthetradedeficitwasabout763.533billionU.S.dollars.

ReadmoreNote(s):UnitedStates;2000to2022Source(s):BEATotalvalueofinternationalU.S.importsofgoodsandservicesfrom2000to2022(intrillionU.S.dollars)TotalvalueofinternationalU.S.importsofgoodsandservices2000-20224.54.03.53.963.43.13

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2.762.762.722.682.552.362.352.52.01.51.00.50.02.2221.971.771.511.451.41.372000

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20226Description:ThetimelineshowsthetotalvalueofinternationalU.S.importsofgoodsandservicesfrom2000to2022.In2022,thetotalvalueofinternationalU.S.importsofgoodsandservicesamountedto3.96trillionU.S.dollars.

ReadmoreNote(s):UnitedStates;2000to2022Source(s):BEAAnnualchangeinimportsoftradegoodsandservicesfromtheUnitedStatesfrom1990to2027U.S.growthrateofimports1990-202720%15%10%5%0%-5%-10%-15%7Description:In2021,U.S.importsofgoodsandservicesgrewby14.02percentin2021asglobaltraderecoversfromtheCOVID-19pandemic.In2027,importsareexpectedtogrowtwopercent.

ReadmoreNote(s):UnitedStates;1990to2021;*Estimates.ReadmoreSource(s):IMFCHAPTER

02ImportsindetailTotalvolumeofU.S.importsoftradegoodsandservicesfrom2010to2022,byquarter(inbillionU.S.dollars)U.S.foreigntrade-importsoftradegoodsandservicesbyquarter2010-20221,1001,000900800700600500Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4'10'10'10'10'11'11'11'11'12'12'12'12'13'13'13'13'14'14'14'14'15'15'15'15'16'16'16'16'17'17'17'17'18'18'18'18'19'19'19'19'20'20'20'20'21'21'21'21'22'22'22'229Description:ThisstatisticshowsthetotalvolumeofU.S.importsoftradegoodsandservicesfrom2010to2022,byquarter.Justover962billionU.S.dollarsworthofgoodsandserviceswereimportedintotheU.S.inthefourthquarterof2022.

ReadmoreNote(s):UnitedStates;2010to2022Source(s):BEABalanceoftradegoodsandservicesoftheU.S.from2010to2023,byquarter(inbillionU.S.dollars)U.S.foreigntrade-balanceoftradegoodsandservicesbyquarter2010-2023-50-100-150-200-250-300Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2'10'10'10'11'11'11'11'12'12'12'12'13'13'13'13'14'14'14'14'15'15'15'15'16'16'16'16'17'17'17'17'18'18'18'18'19'19'19'19'20'20'20'20'21'21'21'21'22'22'22'22'23'2310Description:ThebalanceoftradeofgoodsandservicesoftheUnitedStatesinthesecondquarterof2023amountedtoadeficitofaround203.51billionU.S.dollars.Thisisadecreasefromthepreviousquarter,whenthebalanceofgoodsandservicesoftheU.S.amountedtoadeficitof201.8billionU.S.dollars.ReadmoreNote(s):UnitedStates;2010to2023Source(s):BEA;USDepartmentofCommerceValueofinternationalcross-borderimportsofservicesintotheUnitedStatesfrom2000to2022(inbillionU.S.dollars)U.S.annualinternationaltradeimportsofservices2000-202280070060050040030020010002000

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202211/statistics/219813/value-of-international-us-imports-of-servicesIn2022,thevalueofinternationalcross-borderimportsofservicesintotheUnitedStatesamountedto680.48billionU.S.dollars.Thisisanincreasefromtheyearprevious,whentheimportsofservicesintotheU.S.amountedto550.03billionU.S.dollars.ReadmoreNote(s):UnitedStatesSource(s):USCensusBureauImportsofgoodsandservicestotheUnitedStatesfrom1990to2021,asapercentageofgrossdomesticproductU.S.imports1990-2021,asapercentageofGDP18.0%17.0%17.44%17.28%17.04%16.55%16.33%16.421%6.45%15.88%15.66%16.0%15.35%14.65%15.25%15.02%14.82%14.59%15.0%14.58%14.41%13.83%13.59%13.15%14.0%13.26%13.18%13%12.311%2.31%13.0%11.94%11.81%12.0%11.16%10.5%11.0%

10.56%10.24%10.13%10.0%9.0%12/statistics/259096/us-imports-as-a-percentage-of-gdpIn2021,importsofgoodsandservicesamountedtoaround14.59percentofU.S.grossdomesticproduct.Thisisanincreasefrom2020whenimportstotaled13.18percentofGDP.Importsofgoodsandserviceshavegenerallyincreasedsince1990.

ReadmoreNote(s):UnitedStates;1990to2021Source(s):WorldBankAnnualImportPriceIndexintheUnitedStatesfrom1990to2022U.S.annualImportPriceIndex1990-202210510095908580757065'90

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'2213Description:In2022,theoverallImportPriceIndexintheUnitedStateswas101.58.Thiswasasignificantincreasefromthepreviousyear,whentheIndexstoodat94.48.ThisIndexconsistsofimportpricesforgoodsandservices.

ReadmoreNote(s):UnitedStates;1990to2022Source(s):BEACHAPTER

03ImportsofgoodsVolumeofU.S.importsoftradegoodsfromallcountriesfrom1987to2022(inbillionU.S.dollars)U.S.importsoftradegoods1987-20223,5003,0002,5002,0001,5003,246.682,832.952,536.152,493.742,356.362,2762.,2767.992,339.592,335.992,248.812,186.792,207.951,913.862,103.641,956.961,853.941,673.461,559.631,469.71,257.121,218.021,024.621,161.371,141911.9869.71,0005000795.29743.54663.25580.66532.66494.84488.17473.21440.95406.2415Description:ThisgraphshowsthegrowthintheU.S.importvolumeoftradegoodsfromallcountriesfrom1987to2022.In2022,U.S.importsfromtherestoftheworldamountedtoapproximately3.25trillionU.S.dollars.

ReadmoreNote(s):UnitedStates;1987to2022Source(s):USCensusBureau;USDepartmentofCommercePercentageofchangeinvolumeofU.S.importsoftradegoodsfrom1990to2022ChangeinU.S.importsoftradegoods1990-202230%22.7%15.5%21.4%14.9%18.9%12.7%4.8%20%17%13.9%10.8%13.5%9.9%12.1%9.3%9.2%8.4%1.7%-6.3%8.5%6.8%7.8%10%0%7.2%5.8%4.3%-1.5%4%2.9%-0.4%-1.7%-6.6%-2.9%-4.7%-10%-20%-30%-26.2%16Description:ThisgraphshowsthepercentageofchangeintheU.S.importsvolumeoftradegoodsfrom1990to2022.In2022,U.S.importofgoodsincreasedby14.9percentfromthepreviousyear.

ReadmoreNote(s):UnitedStates;1990to2022Source(s):USCensusBureau;USDepartmentofCommerceValueofimportsoftradegoodstotheUnitedStatesin2022,bystate(inmillionU.S.dollars)U.S.importsoftradegoodsin2022,bystateValueoftradegoodsinmillionU.S.dollars0100,000200,000300,000400,000500,000600,000CaliforniaTexas508,758.2384,405.8Illinois243,682.3NewYorkNewJerseyMichiganGeorgia182,447.5163,684.9152,841.2148,757.6Florida112,015.1PennsylvaniaTennesseeIndianaOhioWashington110,895.8109,770.589,765.883,613.974,40317Description:In2022,thestateofCaliforniaimportsgoodsworthabout508.76billionU.S.dollars,morethananyotherstate.Texashadthesecondhighestvalueofimports,totalingaround384.41billionU.S.dollars.

ReadmoreNote(s):UnitedStates;2022Source(s):BEABreakdownofimportsofgoodstotheUnitedStatesin2022,bymaincommoditygroupU.S.breakdownofimportsofgoods2022,bymaincommoditygroupOthers4.9%Agriculturalproducts7.8%Fuelsandminingproducts10.5%Manufactures76.8%18/statistics/259133/breakdown-of-us-imports-of-goods-by-main-commodity-groupIn2022,about7.8percentofallgoodsimportedwereagriculturalproducts.ThevastmajorityofUnitedStatesimportsweremanufacturedcommodityproducts.FurtherinformationonU.S.importscanbefoundonourdedicatedtopicpagehere.

ReadmoreNote(s):UnitedStates;2022Source(s):WTOValueofimportedgoodstotheUnitedStatesin2022,byproductclass(inbillionU.S.dollars)U.S.importvalueofgoods2022,byproductclassImportvalueinbillionU.S.dollars0MachineryandtransportequipmentMiscellaneousmanufacturedarticlesChemicalsandrelatedproductsManufacturedgoods2004006008001,0001,2001,4001,272.48530.41373.21366.53MineralfuelsandlubricantsFoodandliveanimals309.2160.71Miscellaneouscommodities131.36Crudematerials,exceptfuelsBeveragesandtobacco51.0133.8113.8Animalandvegetableoils19Description:In2022,machineryandtransportequipmentwasbyfarthemostvaluableclassofimporttotheUnitedStates,withatotalvalueof1.27trillionU.S.dollars.TheUnitedStatesadditionallyimportedaround33.81billiondollarsworthofbeveragesandtobacco.ReadmoreNote(s):UnitedStates;2022Source(s):BEAVolumeofimportsoftradegoodstotheUnitedStatesin2022,byproductindustryclass(NAICS)(inbillionU.S.dollars)U.S.importsoftradegoodsin2022,byproductindustryclass(NAICS)VolumeoftradegoodsinbillionU.S.dollars050100150200250300350400450500550ComputersandElectronicProductsTransportationEquipmentChemicals499.01419.45355.9Machinery,ExceptElectricalMining,Total236.18215.44208.55OilAndGasElectricalEquipment,AppliancesandComponentsMiscellaneousManufacturedCommoditiesPrimaryMetalProducts180.97175.65152.89142.98SpecialClassificationProvisionsFoodAndKindredProductsApparelAndAccessories105.74104.63101.21FabricatedMetalProducts20Description:In2022,computersandelectronicproductswerethemostvaluableimports,valuing499billionU.S.dollarsthatyear.Additionally,transportequipmentwasalucrativeimporttotheU.S.,totaling419.45billionU.S.dollarsworth.ReadmoreNote(s):UnitedStates;2022Source(s):BEACHAPTER

04ImportsofservicesValueofinternationalcross-borderimportsofservicesintotheUnitedStatesfrom2000to2022(inbillionU.S.dollars)U.S.annualinternationaltradeimportsofservices2000-202280070060050040030020010002000

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202222/statistics/219813/value-of-international-us-imports-of-servicesIn2022,thevalueofinternationalcross-borderimportsofservicesintotheUnitedStatesamountedto680.48billionU.S.dollars.Thisisanincreasefromtheyearprevious,whentheimportsofservicesintotheU.S.amountedto550.03billionU.S.dollars.ReadmoreNote(s):UnitedStatesSource(s):USCensusBureauValueofUnitedStatesimportsofservicesfromSeptember2019toSeptember2023(inbillionU.S.dollars)U.S.valueofimportsofservices2019-2023656055504540353023Description:InSeptember2023,thevalueofimportsofservicesintheUnitedStateswasaround59.61billionU.S.dollars.Thisisaslightincreasefromthepreviousmonthwhenthevalueofimportsofserviceswasapproximately58.35billionU.S.dollars.Thedataareseasonallyadjusted.ReadmoreNote(s):UnitedStates;September2019toSeptember2023Source(s):BEA;USCensusBureauValueofUnitedStatesimportsofservicesinSeptember2023,bytype(inbillionU.S.dollars)U.S.valueofimportsofservices2023,bytypeValueofimportsofservicesinbillionU.S.dollars0

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3040506059.6170TotalServicesTravelTransport12.4711.9511.89OtherbusinessservicesFinancialservices5.054.894.52Telecommunications,computer,andinformationservicesInsuranceservicesChargesfortheuseofintellectualpropertyPersonal,cultural,andrecreationalservicesGovernmentgoodsandservicesMaintenanceandrepairservices3.452.612.130.58Construction

0.0824Description:InSeptember2023,thevalueofimportsofservicesintheUnitedStateswasaround59.61billionU.S.dollars.ThefinancialservicesimportswerevaluedatfivebillionU.S.dollarsinthesamemonth.TheUnitedStatesexportsfarmorefinancialservicesthanitimports,withfinancialserviceexportsvaluingaround14.07billionU.S.dollarsinMay2023.Thedataareseasonallyadjusted.ReadmoreNote(s):UnitedStates;September2023Source(s):BEA;USCensusBureauPercentagechangeinvolumeofUnitedStatesimportsofservicesfrom2000to2022U.S.changeinimportsofservices2000-2022Cross-bordertradeThroughforeignaffiliatesofU.S.companies50%40%30%20%10%0%-10%-20%-30%2000

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202225Description:In2022,U.S.importsofservicesviacross-bordertradeincreasedby24.9percent.Thelargedropinimportsin2020,aswellasthesignificantgrowthin2021canbeattributedtotheCOVID-19pandemic,andsubsequentrecovery.

ReadmoreNote(s):UnitedStates;2000to2022Source(s):BEABreakdownofU.S.importsofcommercialservicesin2022,byprincipalservicesitemU.S.breakdownofimportsofservices2022,bytypeGoods-relatedservices0.8%Travel17.2%Othercommercialservices58.0%Transportation23.5%26Description:In2022,about17.2percentofallservicesimportedweretravelservices.Thisisaslightincreasefrom2021duetothewaningofCOVID-19pandemictravelrestrictions.ThevastmajorityofU.S.serviceimportswerecategorizedasothercommercialservices.FurtherinformationonU.S.importscanbefoundonourdedicatedtopicpagehere.ReadmoreNote(s):UnitedStates;2022Source(s):WTOShareofU.S.cross-borderservicesimportsin2021,byservicetype(inpercent)ShareofU.S.cross-borderservicesimports2021,byservicetypeShareofservicesimports10%

15%0%5%20%25%30%29.7%35%ProfessionalservicesFinancialservices20.7%DigitalandelectronicservicesDistributionservices15.7%17.4%Travelservices14%ChargesforintellectualpropertyAllotherservices1.1%1.4%27Description:ThestatisticshowstheshareofU.S.cross-borderservicesimportsin2021,byservicetype.U.S.cross-borderimportsoftravelandpassengerfaresamountedto14percentoftotalU.S.cross-borderservicesimportsin2021.

ReadmoreNote(s):UnitedStates;2022Source(s):BEA;USDepartmentofCommerceValueofprivateservicesimportsoftheUnitedStatesfromtheworldin2021,byservicetype(inbillionU.S.dollars)ValueofU.S.privateservicesimportsfromtheworld2021,byservicetypeValueinbillionU.S.dollars020406080100120140160180ProfessionalservicesFinancialservices156.07108.91Distributionservices91.19DigitalandelectronicservicesTravelservices82.1473.49ChargesfortheuseofintellectualpropertyOtherservices5.927.1728Description:In2021,professionalservicesimportsamountedtoabout156.1billionU.S.dollars.ThevalueofU.S.travelservicesimportsfromtherestoftheworldamountedtoapproximately73.49billionU.S.dollars.ThetotalvalueofprivateservicesimportsoftheUnitedStatesamountedtoabout524.9billionU.S.dollarsin2021.ReadmoreNote(s):UnitedStates;2021Source(s):BEA;USInternationalTradeCommissionCHAPTER

05ImportpartnersRankingofthetoptradingpartnersoftheUnitedStatesfortradegoodsin2022,byimportvalue(inbillionU.S.dollars)U.S.imports-toptradingpartners2022ImportvalueinbillionU.S.dollars0100200300400500600ChinaMexicoCanada536.8454.9437.7Japan148.3146.6GermanyVietnamSouthKoreaTaiwan127.5115.391.8IndiaIreland85.78269.164ItalyUnitedKingdomSwitzerlandThailandFrance59.558.757.430Description:In2022,ChinawasthetoptradingpartneroftheUnitedStatesbasedonimportvalue.Inthatyear,U.S.importsfromChinatotaledto536.8billionU.S.dollars.MexicoandCanadaroundedoutthetopthreeasthesecountriescontinuetoenjoyaclosetradingrelationshipundertheUnitedStates-Mexico-Canadatradeagreement.GermanyandJapanwerealsohighonthelist,bothprovidingtheU.S.withover140billiondollarsworthofimportsin2022.ReadmoreNote(s):UnitedStates;2022Source(s):USCensusBureau;USDepartmentofCommerceVolumeofU.S.importsoftradegoodsfromCanadafrom1985to2022(inbillionU.S.dollars)U.S.importsoftradegoodsfromCanada1985-2022500450400350300250200437.73357.79349.29339.49332.5324.26315.32317.06318.35178.78299.07302.44290.38296.31277.72277.64270.02256.36221.59230.84216.27226.25209.09198.71173.26167.23155.89144.37128.41111.2298.631501005091.3981.0687.9581.469.0618.2751.08031Description:ThisgraphshowsthegrowthintheU.S.importvolumeoftradegoodsfromCanadafrom1985to2022.In2022,U.S.importsfromCanadaamountedtoapproximately437.73billionU.S.dollars.

ReadmoreNote(s):UnitedStates;1985to2022Source(s):USCensusBureau;USDepartmentofCommerceValueofU.S.importsoftradegoodsfromMexicofrom1985to2022(inbillionU.S.dollars)U.S.importsoftradegoodsfromMexico1985-2022500450400350300250200150100454.93384.65356.09343.68312.67295.27936.42393.5280.56323.52277.59262.87229.99215.94210.71198.25170.11176.65155.9135.93

134.16328.06131.34109.7294.6385.9474.362.149.4939.9235.2130.1361.1327.1623.2619.1317.320.2750032Description:ThisgraphshowsthegrowthintheU.S.importvalueoftradegoodsfromMexicofrom1985to2022.In2022,U.S.importsfromMexicoamountedtoapproximately455billionU.S.dollars.

ReadmoreNote(s):UnitedStates;1985to2022Source(s):USCensusBureau;USDepartmentofCommerceUnite

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