News Release 20-107
Inv. No(s). 332-345
Contact: Peg O'Laughlin, 202-205-1819
Shifts in U.S. Merchandise Trade 2019 (2019 Trade Shifts) is now available on the U.S. International Trade Commission (USITC) internet site.
The USITC, an independent, nonpartisan factfinding federal agency, produces its web-based comprehensive review of changes in U.S. trade patterns annually.
2019 Trade Shifts includes new interactive features, such as tables and graphics that allow users to view and refine, as they choose, the official government data presented. The report highlights changes in U.S. exports and imports by sector and select trading partners in terms of absolute value changes, relative percent changes, and changes in rank.
Highlights from the 2019 Trade Shifts report include:
- In 2019, U.S. total exports and general imports both decreased though both were still above 2017 levels. Since U.S. imports fell more than U.S. exports, the overall merchandise trade deficit narrowed slightly.
- U.S. total exports in two-thirds of merchandise sectors decreased from 2018 to 2019. The largest decreases in U.S. total exports were seen in the minerals and metals sector. The largest decrease in U.S. general imports by both absolute and percent change occurred in energy-related products.
- Mexico, Canada, and China continued to be the main U.S. trading partners in 2019, consistent with past reports. China continued to be the top source of U.S. imports and remained the third largest destination market for U.S. exports. The largest destination markets for U.S. exports, however, were Canada and Mexico. Combined, U.S. exports to these two countries accounted for one-third of all U.S. exports of merchandise in 2019.
Shifts in U.S. Merchandise Trade 2019 can be accessed at https://www.usitc.gov/research_and_analysis/trade_shifts_2019/index.htm.