Imports to the US increased USD 8.5 billion from the previous month, or 3.3 percent to USD 266.2 billion in May of 2019. Imports of goods increased USD 8.3 billion to USD 217.0 billion in May, boosted by purchases of automotive vehicles, parts, and engines (up USD 2.3 billion), namely passenger cars (up 1.5 billion); crude oil (up USD 1.3 billion); capital goods (up USD 1.6 billion); consumer goods (USD 1.4 billion) and other goods (up USD 1.0 billion). Also, imports of services increased USD 0.2 billion to USD 49.2 billion, mainly due to transport. Imports in the United States averaged 71116.14 USD Million from 1950 until 2019, 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.
Imports in the United States is expected to be 262000.00 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 260000.00 in 12 months time. In the long-term, the United States Imports is projected to trend around 279000.00 USD Million in 2020, according to our econometric models.