Imports of goods and services to the US climbed USD 5.5 billion from a month earlier to USD 264.9 billion in December 2018. Goods imports rose USD 5.1 billion to USD 217.2 billion, as purchases of capital goods were up USD 2.7 billion on the back of computer and computer accessories; and those of consumer goods advanced USD 2.4 billion boosted by household & kitchen appliances and cell phones & other household goods. In addition, imports of services, such as transport, increased USD 0.5 billion to USD 47.7 billion in December. On a non-seasonally adjusted basis, imports fell from all main partners: Mexico (-8.4 percent); Canada (-7 percent); the EU (-2.4 percent); Japan (-2.3 percent); and China (-1.1 percent). For 2018, imports jumped 7.5 percent from a year earlier to USD 3.12 trillion. Imports in the United States averaged 69957.27 USD Million from 1950 until 2018, reaching an all time high of 266738 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 259000.00 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 258000.00 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.