Exports of goods and services from the US fell USD 1.3 billion from the previous month to USD 209.9 billion in November 2018. Goods exports decreased USD 1.2 billion to USD 140.3 billion, mainly due to lower sales of industrial supplies and materials (down USD 1.4 billion), such as other petroleum products and non-monetary gold; and consumer goods (down USD 0.9 billion), namely gem diamonds and pharmaceutical preparations. By contrast, exports of civilian aircraft increased USD 1.0 billion. Exports of services, in particular financial services, also dropped USD 0.1 billion to USD 69.5 billion in November. On a non-seasonally adjusted basis, exports fell to China (-5.1 percent), Mexico (-6.9 percent), Canada (-4.7 percent) and the EU (-3.2 percent); while those to Japan rose 4.2 percent. Exports in the United States averaged 55181.66 USD Million from 1950 until 2018, reaching an all time high of 213593 USD Million in May of 2018 and a record low of 772 USD Million in March of 1950.
Exports in the United States is expected to be 207000.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Exports in the United States to stand at 198000.00 in 12 months time. In the long-term, the United States Exports is projected to trend around 206000.00 USD Million in 2020, according to our econometric models.