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1. www.trade.gov › feature-article › year-no-otherA Year Like No Other: Overview of U.S. Trade in 2020

   www.trade.gov › feature-article › year-no-other

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   Although 2020 saw a record-high deficit in goods, a shrinking surplus in services equally contributed to the increase in the overall trade deficit. U.S. exports and imports of services fell 21.0 percent and 22.1 percent, respectively, in 2020 and the overall surplus in services decreased 18.6 percent to $233.9 billion, the lowest level since 2012.

2. blog.trade.gov › 2021/03/22 › a-year-like-no-otherA Year Like No Other: Overview of U.S. Trade in 2020

   blog.trade.gov › 2021/03/22 › a-year-like-no-other

   Mar 22, 2021 · U.S. exports of goods and services fell 15.9 percent to $2.1 trillion and imports declined 9.5 percent to $2.8 trillion in 2020. The drop in exports was the largest on record while imports saw their largest decline since 2009.

3. www.bea.gov › news › 2020Gross Domestic Product, 2nd Quarter 2020 (Advance Estimate ...

   www.bea.gov › news › 2020

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   Jul 30, 2020 · Real gross domestic product (GDP) decreased at an annual rate of 32.9 percent in the second quarter of 2020 (table 1), according to the "advance" estimate released by the Bureau of Economic Analysis. In the first quarter, real GDP decreased 5.0 percent.

4. wits.worldbank.org › Country › USAUnited States Trade Summary 2020 | WITS Data - World Bank

   wits.worldbank.org › Country › USA

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   Merchandise Trade summary statistics data for United States (USA) including exports and imports, applied tariffs, top export and import by partner countries and top exported/imported product groups, along with development indicators from WDI such as GDP, GNI per capita, trade balance and trade as percentage of GDP for year 2020

5. wits.worldbank.org › Year › 2020United States trade balance, exports, imports by country and ...

   wits.worldbank.org › Year › 2020

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   United States trade balance, exports and imports by country and region 2020 In 2020, United States major trading partner countries for exports were Canada, Mexico, China, Japan and United Kingdom and for imports they were China, Mexico, Canada, Japan and Germany.

6. www.exportplanning.com › magazine-us › articleA Tough Year for US Exports: Trade Trends and Effects on ...

   www.exportplanning.com › magazine-us › article

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   Jan 29, 2021 · Certainly, U.S. exporters are among those who paid the highest price: between the first and the second quarter of 2020, exports plummeted a record 26%, with values declining from $395 billions in Q1-2020 to almost $290 billions in Q2.

7. People also ask

   What happened to US merchandise exports to the UK in 2020?

   • U.S. merchandise exports to the UK were $59 billion in 2020, a 14.6 percent decrease from 2019. U.S. merchandise imports from the UK were about $50 billion in 2020, a 20.6 percent decrease from 2019, resulting in a bilateral U.S. merchandise trade surplus of $9 billion. (figure 6.21)

   The Year in Trade 2020 - usitc.gov

   www.usitc.gov/publications/332/year_in_trade_2020/otap_2020.html

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   What happened to US services exports to China in 2020?

   • U.S. services exports to China were $38 billion in 2020, a 32.9 percent decrease from the previous year. U.S. services imports from China were $16 billion, a 23.0 percent decrease. This resulted in a $22 billion bilateral U.S. services trade surplus.

   The Year in Trade 2020 - usitc.gov

   www.usitc.gov/publications/332/year_in_trade_2020/otap_2020.html

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   How did the US economy perform in 2020?

   • U.S. exports of goods and services fell 15.9 percent to $2.1 trillion and imports declined 9.5 percent to $2.8 trillion in 2020. The drop in exports was the largest on record while imports saw their largest decline since 2009.

   A Year Like No Other: Overview of U.S. Trade in 2020

   blog.trade.gov/2021/03/22/a-year-like-no-other-overview-of-u-s-trade-in-2020/

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   What happened to US merchandise exports to Mexico in 2020?

   • U.S. merchandise exports to Mexico were $213 billion in 2020, a 17.1 percent decrease from the previous year. U.S. merchandise imports from Mexico were $325 billion, a 9.1 percent decrease. This resulted in a $112 billion merchandise trade deficit for the U.S.

   The Year in Trade 2020 - usitc.gov

   www.usitc.gov/publications/332/year_in_trade_2020/otap_2020.html

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   What was the UK's services trade surplus in 2020?

   • The UK had a services trade surplus of $9 billion with the U.S. in 2020, according to the data in figure 6.22. In 2020, the UK was the second-largest partner after the EU in U.S. cross-border services trade. U.S. services exports to the UK fell by 24.6 percent to $59 billion, while U.S. services imports from the UK fell by 19.8 percent to $50 billion.

   The Year in Trade 2020 - usitc.gov

   www.usitc.gov/publications/332/year_in_trade_2020/otap_2020.html

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   How much did the US trade surplus in services fall in 2020?

   • The U.S. trade surplus in services decreased by 18.6 percent to $233.9 billion in 2020. U.S. total services exports fell by 21.0% to $692.1 billion, and U.S. total services imports fell by 22.1% to $458.3 billion.

   The Year in Trade 2020 - usitc.gov

   www.usitc.gov/publications/332/year_in_trade_2020/otap_2020.html

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8. www.usitc.gov › year_in_trade_2020 › otap_2020The Year in Trade 2020 - United States International Trade ...

   www.usitc.gov › year_in_trade_2020 › otap_2020

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   In 2020, the United States remained the world’s largest merchandise importer. China surpassed the EU [40] to become the second-largest merchandise importer, and the UK overtook Japan to become the fourth-largest merchandise importer. All these economies’ imports declined in 2020, with China declining the least (−1.1 percent) and Japan the ...