U.S. Trade Statistics for January to June 2018 – exports up 9.67% as imports up 8.66%, EU largest trade partner, China replaces Canada as second largest trade partner

U.S. trade with the world has grown despite tariffs and tariffs rhetoric in the first half (January to June)  of 2018. There is one point of view that trade grew to avoid tariffs before they were implemented which might be partially true. Here are the key takeaways and the dataset,

  • Total Exports up 9.67% (January to June 2018 vs January to June 2017)
  • Total Imports up 8.66% (January to June 2018 vs January to June 2017)
  • Total Trade up 9.07% (January to June 2018 vs January to June 2017)
  • The European Union was the largest trade partner with total trade growing 14.20%
  • China replaced Canada as the second largest trading partner (January to June 2018 vs January to June 2017)
  • Trade with the United Kingdom increased 17.86% (January to June 2018 vs January to June 2017)
  • Trade deficit with China increased to $185.72 billion from $171.07 billion (January to June 2018 vs January to June 2017)
  • Trade with Russia increased 17.46% (January to June 2018 vs January to June 2017)

Here is the dataset,

US trade 2018 Jan to June
Data Source: U.S. Department of Commerce

 

Related:

All you wanted to know about US trade in 2017 and why China matters so much

14 very interesting things about U.S. trade and trade tariffs 

The U.S. only charged 1.65% in import tariffs in 2017

The European Union (and not China or the United States) accounted for the most trade in goods and services combined together

Average import tariffs or custom duties per country

Intra European Union (EU) Trade Statistics for 2017 – Germany was the largest exporter and importer, the Netherlands had the largest surplus and the United Kingdom the largest deficit

UK Trade Statistics for trade by each country

European Union Trade Statistics for January to March (Q1) 2018

The European Union just posted a record trade surplus with the United States (and a record trade deficit with Russia) for the January to May 2018 period

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