Trade Resources Economy Brief Report of The USA's Trade in July 2016

Brief Report of The USA's Trade in July 2016

According to the statistics from United States Department of Commerce, the USA’s volume of goods trade was USD2069.15 billion from January to July in 2016, down 5.7% year-on-year (the same below). Exports fell by 6.4% to USD827.50 billion, and imports fell by 5.2% to USD1241.65 billion. The trade deficit fell by 2.6% to USD414.15 billion.

In July, the USA’s volume of goods trade fell by 6.2% to USD298.09 billion. Exports fell by 6.5% to USD116.15 billion and imports fell by 6.0% to USD181.94 billion. And the trade deficit fell by 5.2% to USD65.79 billion.

Since January to July, bilateral trade volume between the USA and China fell by 6.7% to USD312.11 billion. The USA’s exports to China fell by 7.6% to USD60.38 billion. It accounted for 7.3% of the USA’s overall export, down 0.1%. And the USA’s imports from China fell by 6.5% to USD251.73 billion. It accounted for 20.3% of the USA’s overall imports, down 0.3% over the previous year. The USA’s trade deficit with China fell by 6.3% to USD191.36 billion.

As its second largest trade partner, China was the third largest export market of the USA and its largest source of imports up to July in 2016.

Source: www.made-in-china.com
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