Imports to the United States fell by USD 15.4 billion from the previous month to USD 232.2 billion in March 2020, the lowest level since November 2016, as the coronavirus pandemic led to a sharp fall in activity and demand. Goods purchases slumped USD 4.7 billion and service imports tumbled 10.7 billion on the back of travel and transport. Within goods, there were declines in imports of consumer goods (down USD 4.0 billion) in particular cell phones & other household goods and gem diamonds; and automotive vehicles, parts and engines (down USD 2.7 billion). By contrast, purchases of capital goods increased USD 1.5 billion, boosted by computers and semiconductors.
Imports in the United States averaged 73286.91 USD Million from 1950 until 2020, 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. 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 May of 2020. source: U.S. Census Bureau
Imports in the United States is expected to be 200000.00 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 170000.00 in 12 months time. In the long-term, the United States Imports is projected to trend around 219000.00 USD Million in 2021 and 269000.00 USD Million in 2022, according to our econometric models.