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Goods Imports: CIF, by origin Goods Exports: FOB, by last known destination Trade System: General
Overview:
In 2013, the value of merchandise exports of the United States increased slightly by 2.1 percent to reach 1578.0 bln US$, while its merchandise
imports decreased slightly by 0.2 percent to reach 2328.3 bln US$ (see graph 1, table 2 and table 3). Despite being overtaken by China in
2007 as the largest exporter of merchandise, the United States is still the world’s largest importer. The merchandise trade balance recorded
a deficit of 750.3 bln US$ (see graph 1). The largest merchandise trade balance was with MDG Eastern Asia at -338.0 bln US$ (see graph 4).
Merchandise exports in the United States were diversified amongst partners; imports were also diversified. The top 22 partners accounted
for 80 percent or more of exports and 19 partners accounted for 80 percent or more of imports (see graph 5). In 2012, the value of exports of
services of the United States increased moderately by 5.2 percent, reaching 651.5 bln US$, while its imports of services increased slightly
by 3.0 percent and reached 444.7 bln US$ (see graph 2). In recent years, the United States has been the world’s largest exporter and importer
of services. There was a trade in services surplus of 206.8 bln US$, which is the largest trade in services surplus recorded over the period
from 2000 to 2012.
Graph 1: Total merchandise trade, by value Graph 2: Total services trade, by value
(Bln US$ by year) (Bln US$ by year)
Exports Imports Trade Balance Exports Imports Trade Balance
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Exports Profile: Graph 3: Exports of services by EBOPS category
"Machinery and transport equipment" (SITC section 7), "chemicals" (SITC (% share in 2012)
section 5) and "not classified elsewhere in the sitc" (SITC section 9) were Other business
the largest commodity groups for exports in 2013 representing ( 20.6 %)
Royalties &
respectively 33.8, 13.2 and 11.6 percent of exported goods (see table 2). lic. fees ( 19.1 %)
From 2011 to 2013, the largest export commodity was "commodities not
specified according to kind" (HS code 9999) (see table 1). The top three
destinations for merchandise exports were Canada, Mexico and China,
accounting for respectively 19.0, 13.9 and 7.3 percent of total exports.
Transportation
"Travel" (EBOPS code 236) accounted for the largest share of exports of Travel ( 24.7 %)
( 12.7 %)
services in 2012 at 160.7 bln US$, followed by "Other business services"
(EBOPS code 268) at 134.2 bln US$ and "Royalties and license fees"
(EBOPS code 266) at 124.2 bln US$ (see graph 3).
Remaining ( 23.0 %)
Table 2: Merchandise exports by SITC Table 3: Merchandise imports by SITC SITC Legend
(Value in million US$, growth and shares in percentage) (Value in million US$, growth and shares in percentage)
Avg. Growth rates 2013 Avg. Growth rates 2013 SITC
SITC 2013 2009-2013 2012-2013 share SITC 2013 2009-2013 2012-2013 share Code Description
Total 1 578 001.4 10.5 2.1 100.0 Total 2 328 328.6 9.8 -0.2 100.0 Total All commodities
0+1 114 158.0 10.5 6.8 7.2 0+1 115 031.0 8.7 4.9 4.9 0+1 Food, animals + beverages, tobacco
2+4 90 239.1 8.5 -6.2 5.7 2+4 43 160.4 13.3 -4.0 1.9 2+4 Crude materials + anim. & veg. oils
3 148 278.2 28.3 8.0 9.4 3 389 140.7 8.7 -10.2 16.7 3 Mineral fuels, lubricants
5 208 624.0 7.0 0.8 13.2 5 199 962.5 6.8 0.1 8.6 5 Chemicals
6 144 847.6 11.2 2.3 9.2 6 245 647.0 11.5 0.4 10.6 6 Goods classified chiefly by material
7 532 728.8 9.8 0.1 33.8 7 902 887.1 11.7 1.9 38.8 7 Machinery and transport equipment
8 156 165.7 6.9 3.1 9.9 8 346 008.2 7.7 4.4 14.9 8 Miscellaneous manufactured articles
9 182 959.8 11.2 5.7 11.6 9 86 491.8 7.8 2.6 3.7 9 Not classified elsewhere in the SITC
%
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Graph 6: Imports of services by EBOPS category Imports Profile:
(% share in 2012) "Machinery and transport equipment" (SITC section 7), "mineral fuels,
Other business lubricants" (SITC section 3) and "miscellaneous manufactured articles"
Transportation
( 19.7 %) (SITC section 8) were the largest commodity groups for imports in 2013
( 20.2 %)
representing respectively 38.8, 16.7 and 14.9 percent of imported goods
(see table 3). From 2011 to 2013, the largest import commodity was
"petroleum oils and oils obtained from bituminous minerals, crude" (HS
Insurance ( 11.8 %)
code 2709) (see table 4). The United States is the largest importer of this
commodity, despite a decrease in the value of import for a second
consecutive year. The top three partners for merchandise imports were
Travel ( 20.7 %) China, Canada and Mexico, accounting for respectively 19.1, 14.2 and 12.0
Royalties &
lic. fees ( 9.0 %)
percent of total imports. "Travel" (EBOPS code 236) accounted for the
Gov. services,
largest share of imports of services in 2012 at 91.9 bln US$, followed by
Remaining ( 6.6 %)
n.i.e. ( 6.3 %) "Transportation" (EBOPS code 205) at 89.7 bln US$ and "Other business
Computer & services" (EBOPS code 268) at 87.6 bln US$ (see graph 6).
information ( 5.8 %)