Imports to the US dropped USD 2.5 billion from a month earlier to USD 251.7 billion in November 2019, the lowest level since October 2017, led mostly by drop in purchases of capital goods (down USD 1.2 billion) such as civilian aircraft and computers. Also, imports of consumer goods fell USD 1 billion on the back of cell phones and other household goods, and artwork and other collectibles; while industrial supplies and materials purchases decreased USD 0.6 billion. Crude oil imports tumbled to 166.4 million barrels, the lowest since February 1992. In contrast, purchases of automotive vehicles, parts, and engines were up USD 1.1 billion; and imports of services rose USD 0.4 billion. On a non seasonally adjusted basis, goods imports dropped from all main partners: China (-9.2 percent); the EU (-11.2 percent); Canada (-11.8 percent); Mexico (-6.0 percent); Japan (-1.0 percent); and Brazil (-0.3 percent). Imports in the United States averaged 72457.06 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. source: U.S. Census Bureau
Imports in the United States is expected to be 265000.00 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 268000.00 in 12 months time. In the long-term, the United States Imports is projected to trend around 269000.00 USD Million in 2020, according to our econometric models.