Imports of goods and services to the US increased USD 3.8 billion from a month earlier to an all-time high of USD 266.6 billion in September. Goods imports rose USD 3.5 billion to USD 219.1 billion, mainly due to purchases of capital goods (up USD 2.4 billion), such as telecommunications equipment, civilian aircraft engines, computer accessories and computers. In addition, imports of consumer goods advanced USD 2.0 billion, driven by purchases of other textile apparel & household goods; toys, games, & sporting goods; and cell phones & other household goods. By contrast, imports of trucks, buses, and special purpose vehicles fell USD 0.6 billion. Imports of services, such as transport, increased USD 0.4 billion to USD 47.5 billion. On a non-seasonally adjusted basis, imports from China rose 4.5 percent, while a decline was seen in imports from Japan (-16 percent), the EU (-8.5 percent), Mexico (-6.3 percent) and Canada (-5.8 percent). Imports in the United States averaged 69257.84 USD Million from 1950 until 2018, reaching an all time high of 266584 USD Million in September of 2018 and a record low of 577 USD Million in March of 1950.
Imports in the United States is expected to be 260000.00 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 269283.60 in 12 months time. In the long-term, the United States Imports is projected to trend around 259000.00 USD Million in 2020, according to our econometric models.