DataPost

Trade PatternsU.S. Imports

Date last updated: October 5, 2015

Federal Reserve Bank of San FranciscoEconomic Education & Outreach

U.S. Imports by World Area and Selected Countries2004 vs. 2014 Customs Value Totals ($billions)

Canada China Europe Japan Latin America Mexico Pacific Rim (excl. China &

Japan)

Rest of World

$0

$100

$200

$300

$400

$500

$6002004 2014

DataPost www.frbsf.org/education/teacher-resources/datapost FRBSF Economic Education & Outreach

Source: Census Bureau & FRBSF CalculationsNote: Data are calendar-year totals of monthly, non-seasonally adjusted values

Canada China Europe Japan Latin America Mexico Pacific Rim (excl. China &

Japan)

Rest of World

$0

$100

$200

$300

$400

$500

$6002004 2014

Rest of World:$145b in 2004$256b in 2014

DataPost

See PowerPoint file for country definitions and data source

Import values from China increased 137% from 2004 to 2014

=100 x (466.75-196.68) 196.68

For imports, the value reported is the U.S. Customs and Border Protection appraised value of

merchandise

China:$197b in 2004$467b in 2014

Source: Census Bureau & FRBSF CalculationsNote: Data are calendar-year totals of monthly, non-seasonally adjusted values

Annotated Chart NotesU.S. Imports by World Area and Selected Countries

2004 vs. 2014 Customs Value Totals ($billions)

www.frbsf.org/education/teacher-resources/datapost FRBSF Economic Education & Outreach

What Do You Think?1. How would you describe the change in Japanese import

totals from 2004 to 2014? (See slide 2)2. Imports from China increased 137% from 2004 to 2014. Over

the same time period, what is the percent change for the category “Rest of the World”? (See slide 3)

3. For any world area or country shown, did imports show a decrease in value from 2004 to 2014? (See slide 3)

4. What were the top three sources of U.S. imports in 2004? In 2014? (See slide 2)

Visit FRBSF.org to learn more about U.S. trade.

DataPost www.frbsf.org/education/teacher-resources/datapost FRBSF Economic Education & Outreach