Imports to the US increased USD 2.8 billion from a month earlier to USD 262.0 billion in March 2019. Goods imports advanced USD 2.6 billion to USD 214.1 billion, led by industrial supplies and materials (up USD 2.4 billion), in particular crude oil, organic chemicals and other petroleum products. Also, food imports rose USD 1.0 billion to the highest on record. Consumer goods imports, however, fell USD 0.7 billion amid declines in purchases of cellphones and other household goods. Imports of services, including travel and maintenance and repair services, increased USD 0.2 billion to USD 47.8 billion in March. On a non seasonally adjusted basis, goods imports rose from the EU (18.8 percent), Canada (19.2 percent), Japan (14.6 percent), Mexico (13.5 percent), Brazil (16.4 percent) and OPEC (8.2 percent). Imports from China slumped 6.1 percent. Imports in the United States averaged 70645.15 USD Million from 1950 until 2019, reaching an all time high of 267232 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 262000.00 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 255000.00 in 12 months time. In the long-term, the United States Imports is projected to trend around 279000.00 USD Million in 2020, according to our econometric models.