The total trade of the United States of America has reached a new high in the first three months of 2022. According to our database, the combined value of imports and exports increased to US$1.2 trillion in Q1 of 2022 from US$1 trillion recorded in the same quarter of 2021. By chapter, the country saw a major rise in imports of machinery, mechanical appliances, etc., electrical machinery & equipment, vehicles other than railway or tramways, and mineral fuels & oils. Major gainers from the export category were mineral fuels & oils, machinery, mechanical appliances, etc., and electrical machinery & equipment. Here’s a comparison of US trade data for 2022-Q1 and 2021-Q1.
U.S. Trade Increased In Q1 of 2022 (Y-O-Y Comparison)
In all three months of the first quarter of 2022, the United States imported more goods from other countries as compared to the same quarter of 2021. Also, the country’s exports increased in Q1 of this year from the same quarter of 2021. This means the total trade of the U.S. surged and reached US$1.2 trillion in the first quarter of 2022 from US$1 trillion in the first quarter of 2021. Here’s a showcase of US trade data reported in 2022-Q1 and 2021-Q1.
U.S. Top Import Categories 2021-Q1 and 2022-Q1
By import category, the United States imported machinery, mechanical appliances, etc. the most in the first quarter of 2022. In fact, US top 10 imports recorded a rise in the value of shipments in the first quarter of 2022 as compared to the same quarter of 2021. See data visualization to get a clear picture of US top import categories.
U.S. Top Export Categories 2021-Q1 and 2022-Q1
Exports of mineral fuels & oils, machinery, mechanical appliances, etc., and electrical machinery and equipment recorded an increase in Q1 of 2022 from a y-o-y comparison of the same quarter of 2021. Here’s a list of US top 10 export categories with dollar amounts recorded in 2022-Q1 and 2021-Q1.
U.S. Top Import Partners
The United States imports from China, Mexico, Canada, Japan, Germany, Vietnam, South Korea, Taipei, Chinese, India, and Switzerland have increased in Q1 of 2022 as compared to the same quarter of 2021. Take a look at a chart and understand the figures of the US top 10 import partners.
U.S Top Export Partners
Just like imports, the U.S. exports to Canada, Mexico, China, Japan, Germany, the United Kingdom, South Korea, the Netherlands, Brazil, and India have increased in the first quarter of 2022 as compared to the same quarter of 2021. See visualized data to analyze stats of the US top 10 export partners.
The United States of America and China are the world’s biggest economies. The US-China trade war had impacted the flow of goods in the past years. Today also, trade tensions between both countries exist but this is also the fact that both countries are dependent on each other.
America’s trade with China was also hit due to the origin of the Covid-19 pandemic in China. The US trade with China has increased in starting of 2022 but things need to be resolved between them to boost their economies further. Overall, the trade of the United States with global countries has increased and it is likely that the country would make new records in imports and exports in 2022.
