Imports of goods and services to the US increased USD 0.6 billion from a month earlier, or 0.2 percent, to an all-time high of USD 266.5 billion in October 2018. Goods imports rose USD 0.5 billion to USD 219.6 billion, as purchases of consumer goods were up USD 2.0 billion to a record high on the back of pharmaceutical preparations. In addition, motor vehicle imports climbed USD 0.7 billion to an all-time high and purchases of other goods rose USD 0.8 billion. By contrast, there were declines in imports of capital goods, telecommunications equipment, computer accessories and computers. Imports of services, such as travel, increased USD 0.2 billion to USD 46.9 billion. On a non-seasonally adjusted basis, imports rose from all main partners: Japan (23 percent), the EU (20.3 percent), Mexico (9.3 percent), Canada (6.4 percent) and China (4.4 percent). Imports in the United States averaged 69490.89 USD Million from 1950 until 2018, reaching an all time high of 266534 USD Million in October of 2018 and a record low of 577 USD Million in March of 1950.
Imports in the United States is expected to be 260000.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Imports in the United States to stand at 269000.00 in 12 months time. In the long-term, the United States Imports is projected to trend around 259000.00 USD Million in 2020, according to our econometric models.