Trade Patterns: U.S. Imports
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The document summarizes U.S. import values by world area and selected countries for 2006 and 2016. It shows that imports from China increased the most, rising 61% from $288 billion in 2006 to $463 billion in 2016. Imports from other major partners like Canada, Europe, Japan, Mexico, and the rest of the world all increased between 2006 and 2016 as well. The document is an educational resource from the Federal Reserve Bank of San Francisco for analyzing U.S. trade patterns over time.
Trade Patterns: U.S. Imports
- 1. DataPost Trade Patterns U.S. Imports Date last updated: December 8, 2017 Federal Reserve Bank of San Francisco Education & Outreach
- 2. U.S. Imports by World Area and Selected Countries 2006 vs. 2016 Customs Value Totals ($billions) $0 $100 $200 $300 $400 $500 $600 Canada China Europe Japan Latin America Mexico Pacific Rim (excl. China & Japan) Rest of World 2006 2016 DataPost Source: Census Bureau & FRBSF Calculations Note: Data are calendar-year totals of monthly, non-seasonally adjusted values www.frbsf.org/education/teacher-resources/datapost FRBSF Education & Outreach
- 3. $0 $100 $200 $300 $400 $500 $600 Canada China Europe Japan Latin America Mexico Pacific Rim (excl. China & Japan) Rest of World 2006 2016 Rest of World: $217b in 2006 $217b in 2016 DataPost See PowerPoint file for country definitions and data source Import values from China increased 61% from 2006 to 2016 =100 x (462.6-287.8) 287.8 For imports, the value reported is the U.S. Customs and Border Protection appraised value of merchandise China: $288b in 2006 $463b in 2016 Source: Census Bureau & FRBSF Calculations Note: Data are calendar-year totals of monthly, non-seasonally adjusted values Annotated Chart Notes U.S. Imports by World Area and Selected Countries 2006 vs. 2016 Customs Value Totals ($billions) www.frbsf.org/education/teacher-resources/datapost FRBSF Education & Outreach
- 4. What Do You Think? 1. How would you describe the change in Japanese import totals from 2006 to 2016? (See slide 2) 2. Imports from China increased 61% from 2006 to 2016. Over the same time period, what was the percent change for the category Rest of the World? (See slide 3) 3. For any world area or country shown, did imports show a decrease in value from 2006 to 2016? (See slide 3) 4. What were the top three sources of U.S. imports in 2006? In 2016? (See slide 2) Visit FRBSF.org to learn more about U.S. trade. DataPost www.frbsf.org/education/teacher-resources/datapost FRBSF Education & Outreach
Editor's Notes
- Data source: BEA/Census. "U.S. International Trade in Goods and Services. FT-900. Exhibit 14. For technical note on data, including Customs value definitions and country definitions see: http://www.census.gov/foreign-trade/Press-Release/current_press_release/explain.pdf Europe: Albania, Andorra, Armenia, Austria, Azerbaijan, Belarus, Belgium, Bosnia and Herzegovina, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Faroe Islands, Finland, France, Georgia, Germany, Gibraltar, Greece, Hungary, Iceland, Ireland, Italy, Kazakhstan, Kosovo, Kyrgyzstan, Latvia, Liechtenstein, Lithuania, Luxembourg, Macedonia, Malta, Moldova, Monaco, Montenegro, Netherlands, Norway, Poland, Portugal, Romania, Russia, San Marino, Serbia, Slovakia, Slovenia, Spain, Svalbard-Jan Mayen Island, Sweden, Switzerland, Tajikistan, Turkey, Turkmenistan, Ukraine, United Kingdom, Uzbekistan, Vatican City. Latin America: Anguilla, Antigua and Barbuda, Argentina, Aruba, Bahamas, Barbados, Belize, Bermuda, Bolivia, Brazil, British Virgin Islands, Cayman Islands, Chile, Colombia, Costa Rica, Cuba, Curacao, Dominica, Dominican Republic, Ecuador, El Salvador, Falkland Islands (Islas Malvinas), French Guiana, Grenada, Guadeloupe, Guatemala, Guyana, Haiti, Honduras, Jamaica, Martinique, Montserrat, Netherlands Antilles, Nicaragua, Panama, Paraguay, Peru, St. Kitts and Nevis, Sint Maarten, St. Lucia, St. Vincent and the Grenadines, Suriname, Trinidad and Tobago, Turks and Caicos Islands, Uruguay, Venezuela. Pacific Rim: Australia, Brunei, Hong Kong, Indonesia, Korea (South), Macau, Malaysia, New Zealand, Papua New Guinea, Philippines, Singapore, and Taiwan. Rest of World: all other countries in FT-900.