Exports of goods and services from the US fell USD 0.3 billion from the previous month, or 0.1 percent, to USD 211.0 billion in October. Goods exports decreased USD 0.4 billion to USD 141.5 billion, mainly due to lower sales of soybeans (down USD 0.8 billion), civilian aircraft (down USD 0.3 billion) and engines (down USD 0.3 billion). By contrast, exports of other goods rose USD 0.5 billion and those of industrial supplies and materials increased USD 0.3 billion. Exports of services, in particular financial services and other business services, increased USD 0.1 billion to USD 69.6 billion in October. On a non-seasonally adjusted basis, exports to China slumped 6.7 percent while there were gains in sales to Mexico (15.1 percent), Canada (6.3 percent), the EU (2.6 percent) and Japan (2.3 percent). Exports in the United States averaged 54994.21 USD Million from 1950 until 2018, reaching an all time high of 213593 USD Million in May of 2018 and a record low of 772 USD Million in March of 1950.
Exports in the United States is expected to be 207000.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Exports in the United States to stand at 198000.00 in 12 months time. In the long-term, the United States Exports is projected to trend around 206000.00 USD Million in 2020, according to our econometric models.