February 12, 2021 . 2020 U.S. Exports from the United States decreased by USD 5.0 billion from a month earlier to USD 187.3 billion in February 2021 amid weakening global demand, as rising COVID-19 infections worldwide prompted several trade partners to impose new restrictive measures. Agamoni Ghosh. For week 12 (July 16–21), 51.1% of respondents reported a loss of employment income since March 13, 2020, 12.1% reported … Coal exports … Real gross domestic product, a measure of both production and income, grew by 2.3% in 2017, vs. 1.5% in 2016 an… In 2020, the U.S. GDP contracted at a 3.5% annualized rate. By value, soybean meal and dried distillers grains both … Software industry's impact in 2020: 15.8 million jobs and $933 billion to the US economy by Veronica Combs in Software on May 4, 2021, 3:00 AM PST Exports from the United States jumped 6.6 percent from a month earlier to USD 200 billion in March of 2021, the highest since February 2020. The COVID-19 pandemic slowed global demand for coal, and some US coal mines were idled for extended periods to slow the spread of the virus. Metallurgical coal had a smaller, but still significant, decrease of 20 percent. But demand for Chinese goods has soared amid pandemic lockdowns. Over the 10 months ended May of 2020, the United States exported more energy than it imported: about 2.6 Hospitals also lost jobs as they stopped elective procedures to make way for COVID-19 patients. However, largely because of declines in domestic crude oil production and corresponding increases in crude oil imports, EIA expects the United States to return to being a net … Vietnam, the next-largest exporter to the U.S., grew 72% in its U.S. imports stake from 2015 to 2019. For 2020 as a whole, a year when the coronavirus inflicted the worst economic freeze since the end of World War II, the economy contracted 3.5% and clouded the outlook for the coming year. In 2018, main exports partners were: Canada (18 percent of total exports), Mexico (16 percent), China (7 percent), Japan (4.5 percent), the United Kingdom (4 percent) and Germany (3.5 percent). U.S. nominal GDP was $19.5 trillion in 2017. However, it still trails China by a wide gap. In the first half of 2020, Vietnam held 5.5% of total U.S. imports, compared to China’s 41.1% share. Home; Topics; ... You are here: Home Data & Analysis2020 U.S. Goods exports were up by USD 6.0 billion to USD 133.5 billion, boosted by sales of industrial supplies and materials (USD 1.8 billion), such as crude oil (USD 1.3 billion), and foods, feeds, and beverages (USD 1.4 billion). The largest export destination for U.S. crude oil in 2020 was China at 482,000 barrels per day, in part due to the China-U.S phase one trade deal. The real numbers are just as impressive. Reducing trade with China was supposed to happen in 2020. In addition, exports of services were down USD 0.2 billion, due to travel. For all of 2020, exports gained 3.6 percent to $2.59 trillion, customs data showed on Thursday. The United States Census Bureau's Household Pulse Survey published weekly statistics of the effects of the pandemic on Americans' lives. In 2019, the United States exported just under $105 billion in goods to China. U.S. poultry and egg exports soared in 2020. According to the report, the value of national exports during December 2020 witnessed a remarkable recovery, rising by 12.1 per cent compared with December 2019. 1950-2021 Data | 2022-2023 Forecast | Calendar | Historical. Bars, restaurants, and hotels suffered the most, as people stopped traveling and restaurants could only offer takeout and delivery. The decline in 2019 marks a continued slide from a high point in 2017, when American firms sent a total of $127 billion worth of goods to the China market, Annualized, nominal GDP reached $20.1 trillion in Q1 2018, the first time it exceeded $20 trillion. Goods exports were up by USD 2.1 billion to USD 133.7 billion, boosted by sales of industrial supplies and materials (USD 2.5 billion), such as other petroleum products (USD 0.6 billion), and plastic materials (USD 0.4 billion). Falling exports to China have negatively impacted job numbers. Xinjiang’s exports to the US rose by 116 per cent in 2020, led by strong sales of wind turbines, some chemicals and Christmas decorations. WASHINGTON (AP) — Stuck in the grip of a viral pandemic, the U.S. economy grew at a 4% annual rate in the final three months of 2020 and shrank last year by the largest amount in 74 years. LNG exports were only slightly lower from February through April, but they started to decline in May. Houston — US coal exports fell to a four-year low 62.66 million mt in 2020, down 25.6% from 84.23 million mt exported in 2019 and the second-lowest figure in the last 11 years, only higher than the 54.68 million mt shipped out in 2016, according to US Census Bureau data released Feb. 5. The country's exports in US dollars grew by 18.1 percent year-on-year to $281.93 billion in December. Agricultural Exports. Download historical data for 20 million indicators using your browser. EU exports to China grew by 2.2% and imports from China by 5.6% in 2020, while EU exports to the US fell by 8.2% and EU imports from the US by 13.2%. U.S. International Trade in Goods and Services, August 2020. Coal. Others include: consumer goods (8 percent) and petroleum (7 percent). Overview. The U.S. Energy Information Administration’s (EIA) February 2021 Short-Term Energy Outlook (STEO) estimates that 2020 marked the first year that the United States exported more petroleum than it imported on an annual basis. Asia import growth in 2020 concentrated in largest US ports Bill Mongelluzzo, Senior Editor | Jan 28, 2021 1:38PM EST After a sluggish start to the year, US imports from Asia came roaring back in the second half, with an even higher concentration than usual flowing through the largest container gateways. About 70% of U.S. GDP is personal consumption, with business investment 18%, government 17% (federal, state and local but excluding transfer payments such as Social Security, which is in consumption) and net exports a negative 3% due to the U.S. trade deficit. Sorry, your blog cannot share posts by email. Main menu. In 2018, exports of petroleum reached a record high of USD 172.4 billion. Log in. Agricultural Exports. Direct access to our calendar releases and historical data. US-China Business Council 2 April 2020 Goods Exports • US goods exports to China declined last year. US exports to China support over one thousand jobs in all but one US state, and over ten thousand jobs in 30 states. And all of this is happening as IMO 2020 approaches, the January 1, 2020, date by which the International Maritime Organization mandates a switch to lower sulfur fuels in order to achieve an 80% reduction in sulfur emissions leading to significant cost increases in the shipping goods via ocean freight (initial estimates between 180USD – 420 USD per TEU dependent on routing, base fuel costs, … The 2020 total of $6.93 billion is the fifth highest on record. Commodities . US economy grew a record 33.1% annual rate last quarter but the pandemic remains an enormous threat By Anneken Tappe , CNN Business Updated 10:59 AM ET, Thu October 29, 2020 US Q1 Nonfarm Labor Costs Fall Less than Expected, US Labour Productivity Rises More than Expected, US Weekly Jobless Claims Fall to Over 1-Year Low, US Crude Stocks Post Biggest Fall in Over 3 Months, US Services Sector Activity Growth Eases in April, US Services Sector Expands at Record Pace: Markit, South Korea Current Account Surplus Widens, Argentina Industrial Production Hits Record High, South African Stocks End Cautiously Higher. The value of non-petroleum and non-gems and jewellery exports in April 2021 was US$ 23.51 billion, registering a positive growth of 164.28% over US$ 8.90 billion in April 2020 and a positive growth of 19.89% over US$ 19.61 billion in April 2019. Exports from the United States increased 1.2 percent from the previous month to USD 184.2 billion in November of 2020, the highest level since March and the sixth straight month of rises, as global demand continued to recover from the coronavirus pandemic shock. Cat and dog food exports from the U.S. reached US$1.7 billion last year. Post was not sent - check your email addresses! The American Feed Industry Association created an infographic displaying that data, along with more U.S. Census Bureau Data summarizing 2020 exports. Services exports increased by USD 0.3 billion to USD 56.5 billion, led by travel (USD 0.2 billion). The report added that exports to the US, Saudi Arabia, India, the UAE and Algeria increased during December "due to the increase in exports of fertilisers by 334.2 per cent, livestock by 152.5 per cent, aluminium and related … The United States is the world's third biggest exporter, yet exports account only for 13 percent of GDP. In a year when global commerce nearly came to a halt and food systems worldwide were disrupted by challenges largely brought about by the COVID-19 pandemic, U.S. poultry and egg exports soared in 2020, setting records in several key markets. Steam coal exports, which accounted for 40 percent of the total, declined by more than one-third, dropping 34 percent from the previous year to 27 million nt. While in 2017, combined goods and services exports to China supported over 1.1 million jobs across the country, in … "US naphtha exports are linked with LPG and we could see about 10% more naphtha exports [in 2020], but it won't go much more above 500,000 mt/month," a Singapore-based trader said. Cat and dog food was the third most valuable category of United States animal food industry exports in 2020. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds. In fact, for the four years prior to 2020, U.S. wine exports and imports topped $7 billion, the four best years on record. It was the biggest contraction since 1946 and the first contraction since 2009. US Export Product 2020 Value (US$) YOY; 1: Processed petroleum oils: $60,709,450,000-30.6%: 2: Crude oil: $50,285,962,000-23%: 3: Cars: $45,642,596,000-18.7%: 4: Integrated circuits/microassemblies: $44,212,664,000 +10.3%: 5: Petroleum gases: $33,344,747,000 +9.2%: 6: Automobile parts/accessories: $33,166,077,000-22.9%: 7: Phone system devices including … Main exports are: capital goods (22 percent of total exports) and industrial supplies (22 percent). USDA United States Department of Agriculture Foreign Agricultural Service. Charts and Graphs. The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was $67.1 billion in August, up $3.7 billion from $63.4 billion in July, revised. In January 2020, 74 LNG export cargoes were loaded in the United States, and LNG exports totaled 8.1 Bcf/d—both record highs. Sales fell for capital goods (down USD 2.5 billion) led by other industrial machinery, civilian aircraft and semiconductors, consumer goods (down USD 0.9 billion), foods, feeds, and beverages (down USD 0.7 billion), and vehicles (down USD 0.7 billion). Commodity. Click to share on Facebook (Opens in new window), Click to share on Twitter (Opens in new window), Click to share on LinkedIn (Opens in new window), Click to share on Reddit (Opens in new window), Click to share on WhatsApp (Opens in new window), Click to email this to a friend (Opens in new window), United States Top 10 Major Export Companies, Phone system devices including smartphones, Electrical/optical circuit boards, panels, Plastic plates, sheets, film, tape, strips, Packaged insecticides/fungicides/herbicides, Iron and steel screws, bolts, nuts, washers, Heavy machinery (bulldozers, excavators, road rollers), Machinery including computers: US$182.6 billion (12.8% of total exports), Electrical machinery, equipment: $162.9 billion (11.4%), Mineral fuels including oil: $155.1 billion (10.8%), Optical, technical, medical apparatus: $83.4 billion (5.8%), Aircraft, spacecraft: $80.9 billion (5.7%), Plastics, plastic articles: $60.2 billion (4.2%), Gems, precious metals: $60 billion (4.2%), Aircraft, spacecraft: US$52.3 billion (Down by -48.2% since 2019), Mineral fuels including oil: $25 billion (Reversing a -$10.4 billion deficit), Other chemical goods: $13.2 billion (Down by -19.6%), Food industry waste, animal fodder: $7.3 billion (Up by 2.9%), Electrical machinery, equipment: -US$180.6 billion (Up by 0.8% since 2019), Machinery including computers: -$179 billion (Up by 3.4%), Vehicles: -$149.3 billion (Down by -15.7%), Pharmaceuticals: -$85.6 billion (Up by 14.6%), Furniture, bedding, lighting, signs, prefabricated buildings: -$57 billion (Up by 0.1%), Gems, precious metals: -$47 billion (Reversing a $1.5 billion surplus mainly gold), Knit or crochet clothing, accessories: -$36 billion (Down by -20.6%), Clothing, accessories (not knit or crochet): -$31.2 billion (Down by -15.9%), Miscellaneous textiles, worn clothing: -$28.6 billion (Up by 95.2%), Johnson & Johnson (medical equipment, supplies), Procter & Gamble (household, personal care items). The Trading Economics Application Programming Interface (API) provides direct access to our data. Inflation. 2020 State Export Report ... Exports to China continue to be an important stabilizer of jobs in the United States. Sales rose for industrial supplies and materials (up USD 5.2 billion) led by nonmonetary gold (up USD 3.4 billion); capital goods (up USD 2.9 billion) such as semiconductors (up USD 0.4 billion) and electric apparatus (up USD 0.4 billion); and consumer goods (up USD 2 billion). Also, exports of services increased USD 0.8 billion to USD 57.1 billion in March, driven by travel (up USD 0.4 billion), transport (up USD 0.3 billion) and financial services (up USD 0.1 billion). Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices. In April 2020, the U.S. economy lost 20.8 million jobs. Meanwhile, services exports decreased by USD 0.3 billion to USD 56.3 billion, dragged by transport (USD 0.1 billion) and travel (USD 0.1 billion). Exports from the United States increased 3.4 percent from the previous month to USD 190 billion in December of 2020, the highest level since February and the seventh straight month of rises, as global demand continued to recover from the coronavirus pandemic shock. Data from 2020 represents Jan. 1-June 30, 2020 only. Cotton, Dairy, Grain and Feed, Corn, Wheat, Livestock and Meats, Beef and ... Infographic looking at U.S. agricultural trade with Panama which saw … For 2020, exports were USD 2,131.9 billion, down USD 396.4 billion from 2019. The core inflation rate is predicted to be 1.4% in 2020, and slowly rise to 1.8% in 2021, … The U.S. Energy Information Administration (EIA) estimates that 62 cargoes were loaded in April and 52 cargoes were loaded in May. Exports from the United States increased 1.0 percent from the previous month to USD 191.9 billion in January of 2021, the highest level since February and the eighth straight month of rises, as global demand continued to recover from the coronavirus pandemic shock. Electronic products—the country’s top export commodity accounting for more than half of shipments to foreign buyers—shrank 7.6 percent to $36.98 billion in 2020. This statistic shows the total volume of U.S. exports of trade goods and services from 2010 to 2020, by quarter. Asia and Europe Receiving Higher Volumes. Publish your articles and forecasts in our website. "The petrochemical turnaround capacity will be lower in 2020 compared to 2019, so demand should be better, but refinery turnarounds will be lower in 2020 which means more supply of product, so it could balance out," a …

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