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United States imports grow 8.7% in February

Imports of the United States, only of products without considering services, totaled 193,812 million dollars, an increase of 8.7% annually, the Census Bureau reported.

On the one hand, United States imports from China grew 49.2%, to 34.027 million dollars.

Among the Chinese products most traded in the US market are: computers, telephones, textiles, clothing, toys, plastic items, automotive parts, and video games.

On the other hand, United States imports from Mexico were for 27,428 million dollars, a fall of 5.6% compared to February 2020.

Goods produced in Mexico such as cars, computers, trucks, auto parts, televisions, telephones, medical devices and instruments, oil and refrigerators reach the US market.

Finally, United States imports from Canada totaled 25,216 million dollars, a growth of 3.6% year-on-year.

Canada sells to its southern neighbor products such as oil, cars, auto parts, wood, gas, aluminum, drugs, aircraft, and petroleum oils.

United States imports

These three countries, Mexico, China and Canada, are the main external suppliers of merchandise in the US market.

In fact, the United States is the world’s largest merchandise importer, with foreign purchases of $ 2.4 trillion in 2020.

Other prominent US suppliers include Japan, South Korea, Vietnam, Germany, and Switzerland.

In 2020, Mexico’s merchandise exports to its northern neighbor totaled 325.394 million dollars, a year-on-year decrease of 9.1%, with a surplus in its bilateral balance of 112.7 billion dollars (the second largest deficit of the United States, considering countries individually).

On the other hand, Chinese exports to that same market registered a decrease of 3.6% year-on-year in 2020, to 435,449 million dollars, maintaining the highest negative balance for the United States.

From around the world, US foreign purchases of goods were for $ 2.336.579 billion, a year-on-year decline of 6.4 percent.

 

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