Figure 2

US imports have been down from China but up from the EU this year through July compared with 2024

Cumulative 2025 US real merchandise imports from major partners through July, percent change from January-July 2024 levels

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Notes: The cumulative cost, insurance and freight (CIF) import values up to a specific month in 2025 are adjusted using the corresponding monthly import price index between 2024 and 2025 and compared with the same cumulative values for 2024. The import price index for “industrialized countries” is used as a proxy for South Korea and the UK.

Source: United States International Trade Commission (USITC) DataWeb.Download image