Imports into the United States grew by $0.5 billion from the previous month to $323.0 billion in October 2023, marking the highest level since February, primarily driven by a $0.3 billion rise in goods purchases. Capital goods imports surged by $1.8 billion, mainly attributed to computers, and drilling and oilfield equipment. Conversely, purchases of passenger cars declined by $0.9 billion. On the other hand, imports of services rose by $0.2 billion, primarily propelled by growth in the travel sector. source: U.S. Census Bureau
Imports in the United States increased to 323.05 USD Billion in October from 322.56 USD Billion in September of 2023. Imports in the United States averaged 84.23 USD Billion from 1950 until 2023, reaching an all time high of 348.22 USD Billion in March of 2022 and a record low of 0.58 USD Billion 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 December of 2023.
Imports in the United States increased to 323.05 USD Billion in October from 322.56 USD Billion in September of 2023. Imports in the United States is expected to be 325.00 USD Billion by the end of this quarter, according to Trading Economics global macro models and analysts expectations.
United States Imports
The United States is the world's second-biggest importer. In 2022, the main imports were consumer goods (27 percent), capital goods (26 percent), and industrial supplies (25 percent) followed by automotive vehicles, parts and engines (12 percent), and foods, feeds and beverages (6 percent). Shipments from China represented 17 percent of the total imports followed by Mexico (14 percent), Canada (13 percent), Japan (4.5 percent), and Germany (4.5 percent).
| Actual | Previous | Highest | Lowest | Dates | Unit | Frequency | ||
|---|---|---|---|---|---|---|---|---|
| 323.05 | 322.56 | 348.22 | 0.58 | 1950 - 2023 | USD Billion | Monthly |
News Stream
US Imports Hit 8-Month High
Imports into the United States grew by $0.5 billion from the previous month to $323.0 billion in October 2023, marking the highest level since February, primarily driven by a $0.3 billion rise in goods purchases. Capital goods imports surged by $1.8 billion, mainly attributed to computers, and drilling and oilfield equipment. Conversely, purchases of passenger cars declined by $0.9 billion. On the other hand, imports of services rose by $0.2 billion, primarily propelled by growth in the travel sector.
2023-12-06
US Imports Up 2.7% to 7-Month High
Imports into the United States increased by $8.6 billion from a month earlier to $322.7 billion in September 2023, the highest level since February, primarily driven by a $7.0 billion rise in goods purchases. Consumer goods imports increased by $2.0 billion, primarily due to cell phones and other household goods, which saw a $1.8 billion rise. Additionally, acquisitions of passenger cars increased by $1.7 billion, and purchases of capital goods advanced by $1.6 billion, attributed to computer accessories, civilian aircraft parts, other industrial machinery, and materials handling equipment. Crude oil imports also rose by $1.4 billion. Meanwhile, imports of services increased by $1.5 billion, reaching $59.6 billion in September, primarily driven by growth in the transport and travel sectors.
2023-11-07
US Imports Drop in August
Imports into the United States fell by $2.3 billion over a month to reach $314.3 billion in August 2023, led by a $2.4 billion decrease in goods purchases. Imports of consumer goods fell $1.9 billion, on account of cell phones and other household goods, which dropped $1.5 billion. Also, acquisitions of capital goods fell $1.8 billion, namely semiconductors (down $0.7 billion) and electric apparatus (down $0.4 billion). By contrast, imports of industrial supplies and materials grew $2.7 billion, mainly attributed to increased purchases of crude oil (up $1.5 billion), other petroleum products (up $0.8 billion) and finished metal shapes (up $0.8 billion). Meanwhile, imports of services increased $0.1 billion to $58.4 billion in August, driven by travel (up $0.2 billion) and other business services (up $0.1 billion).
2023-10-05
As an expert in international trade and economic trends, my extensive knowledge allows me to analyze the provided information on U.S. imports with precision and insight. My expertise is grounded in a thorough understanding of global economic dynamics, trade patterns, and statistical analysis.
Let's dissect the information provided in the article:
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Import Growth in October 2023:
- Imports into the United States increased by $0.5 billion from the previous month to $323.0 billion in October 2023.
- This marks the highest level since February, showcasing a significant uptrend in the import sector.
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Goods Purchases and Capital Goods:
- The $0.5 billion rise in imports was primarily driven by a $0.3 billion increase in goods purchases.
- Capital goods imports surged by $1.8 billion, mainly attributed to computers and drilling and oilfield equipment.
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Decline in Passenger Cars Purchases:
- Conversely, purchases of passenger cars declined by $0.9 billion, indicating a notable decrease in this specific category.
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Services Sector Growth:
- Imports of services rose by $0.2 billion in October 2023.
- This growth in the services sector was primarily propelled by an expansion in the travel sector.
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Historical Import Data:
- The historical import data provides a broader context, indicating that the imports in the United States have been on an upward trajectory.
- The October 2023 figure of $323.05 billion is higher than the previous month's $322.56 billion.
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Composition of Imports:
- In 2022, the main imports into the United States were categorized as follows: consumer goods (27 percent), capital goods (26 percent), and industrial supplies (25 percent).
- Automotive vehicles, parts, and engines constituted 12 percent, while foods, feeds, and beverages accounted for 6 percent.
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Major Contributors to Imports:
- Shipments from China represented 17 percent of total imports, followed by Mexico (14 percent), Canada (13 percent), Japan (4.5 percent), and Germany (4.5 percent).
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Economic Outlook and Forecasts:
- The article mentions that imports in the United States are expected to be $325.00 billion by the end of the current quarter, according to Trading Economics global macro models and analysts' expectations.
In summary, the provided information indicates a dynamic scenario in the U.S. import landscape, with a notable surge in capital goods imports, a decline in passenger cars purchases, and a growth in the services sector. The historical data and economic outlook provide a comprehensive view of the trends shaping the U.S. import market.
