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    Majed Al-Jamil from Geneva

    Significant changes in US trade in the auto, pharmaceutical, corn, and commercial aircraft sectors, according to the International Trade in Goods and Services report distributed by the US Trade Representative in Geneva.
    The trade deficit of goods and services in the United States fell 1.7 percent to $ 616.8 billion in 2019, its first annual drop since 2013, according to the new annual data of the US Census Bureau on the Trade Balance.
    Some of the main aspects of commercial activity between the United States and its partners came during the past year from the oil sector, which led to the first reduction in the US trade deficit in six years, and the sharp decline in imports, which was accompanied by a large increase in exports, especially oil, from them, played a significant role in Reducing the general trade deficit.
    U.S. crude exports increased from $ 175.3 billion in 2018 to $ 180.2 billion in 2019, while imports fell 19.3 percent, or $ 31.4 billion, from the previous year.
    The largest increases came from exports to South Korea, which amounted to $ 3.5 billion, the Netherlands (+ $ 3.0 billion), India (+ $ 2.1 billion), and Thailand (+ $ 1.5 billion). The biggest drop in oil imports from Venezuela was $ 9 billion, and Iraq Five billion dollars, Mexico 2.1 billion dollars, Angola 1.7 billion dollars.
    And there were other important changes in trade from 2018 to 2019 in the categories of cars, pharmaceuticals, corn, and commercial aircraft, in cars, there were increases on both sides of the accounting ledger in trade: imports of passenger cars increased by $ 1.9 billion, while exports increased by 4.9 billion Dollars, imports of trucks, buses, and special-purpose vehicles increased by $ 4.8 billion, while exports increased by $ 1.6 billion. The pharmaceutical trade was also one of the most important sectors in 2019, as exports increased to ($ 6.3 billion) and imports ($ 16.0 billion).​

    Corn exports were one of several surprises in US trade figures in 2019, which fell sharply in 2019 from the previous year. Corn exports fell 36.5 percent, or $ 4.9 billion, the largest historical decline recorded, prompting the price to rise compared to last year. The biggest drop in 2019 exports - compared to the previous year - occurred in the area of ​​civil aircraft, or 22 percent to $ 44 billion.
    The dramatic figures in the development of US crude exports and imports over the past 27 years (from 1992 to 2019) show that last year it recorded the strongest drop in the oil trade deficit last year​.
    In 1992, the United States imported oil and petroleum products worth $ 51.604 billion, exported $ 7.619 billion, recording a deficit of $ 43.984 billion, and in 1993, oil imports were worth $ 51.504 billion, and exports worth $ 7.502 billion, to register the balance as a deficit of 44.002 billion Dollars.
    In 1994, the value of oil imports reached 51.283 billion dollars, exports amounted to 6.968 billion dollars, with a deficit of 44.315 billion dollars, and in 1995, oil imports amounted to 56.156 billion dollars, exports 8.097 billion dollars, to settle the balance at a deficit of 48.059 billion dollars.
    In 1996, oil imports grew to 72.750 billion dollars, and exports to 9.631 billion dollars, with a deficit of 63.119 billion dollars. In 1997, the value of oil imports amounted to $ 71.771 billion, and exports amounted to $ 10.419 billion, making the balance a deficit of $ 61.352 billion.
    In 1998, the value of oil imports reached 50.903 billion dollars, exports amounted to 8.076 billion dollars, to reach a deficit of 42.828 billion dollars, and in the last year of the second millennium, the value of oil imports reached 67.807 billion dollars, and exports $ 8.620 billion, with the balance recording a deficit of 59.187 billion dollars.
    And the verse was completely reversed in the first year of the third millennium to record the value of American oil imports numbers from three levels for the first time in the history of the United States, without corresponding with a similar development in the value of exports, and the logical result, recording the US oil trade balance deficit of three ranks also, which is A trend that has held steadily for the next decade (from 2000 to the end of 2010).
    In 2000, the value of the United States' oil imports jumped from $ 67.807 billion in 1999 to $ 120.279 billion, and exports slightly increased to $ 12.013 billion, so the oil trade balance recorded a deficit of $ 108.266 billion. In 2001, the value of US oil imports reached 103.587 billion dollars, and exports 10.637 billion dollars, to close the deficit at 92.950 billion dollars.
    In 2002, the value of oil imports was 103.507 billion dollars, exports 10.338 billion dollars, and the deficit - 93.169 billion dollars. In 2003, the value of oil imports was 133.095 billion dollars, and exports were 12.693 billion dollars, standing at a deficit of 120.402 billion dollars. In 2004, he recorded a great jump in the value of oil imports by reaching $ 180.460 billion and exports $ 17.082 billion, stabilizing the deficit at 163.378 billion dollars, while in 2005 the rapid rise in the value of American imports reached $ 251.856 billion, and exports $ 22.664 billion to record the United States deficit of - $ 229.191 billion​.
    The graph line continues its upward trend in the value of imports and the oil trade deficit in 2006, as the value of American oil imports, reached $ 302.430 billion, exports are $ 31.568 billion, and the oil trade deficit is $ 270.862 billion.
    In 2007, the United States imported $ 330.979 billion in oil, exported $ 37.758 billion, with a deficit of $ 293.221 billion, and in 2008, US oil imports came close to half a trillion dollars ($ 453.280 billion) and exports reached $ 67.181 billion, standing The deficit is at 386.099 billion dollars, while in 2009, oil imports reached 253.689 billion dollars, exports 49.177 billion dollars, deficit 204.511 billion dollars, then in 2010 the value of oil imports amounted to 336.110 billion dollars, its exports amounted to 70.827 billion dollars, and the deficit was 265.283 billion dollars.

    The year 2011 witnessed for the first time the value of American oil exports recording a number of three ranks, a trend that has remained on track except for 2015 and 2016. In this year, the value of the United States' oil imports reached 439.342 billion dollars and exports $ 113.707 billion, but the trade deficit did not decrease from 325.635 Billion dollars, and in 2012 the United States imported oil worth 415.169 billion dollars, and exported oil valued at 123.461 billion dollars, to stand at a deficit of - 291.708 billion dollars.
    The year 2013 marked the beginning of a sustainable trend in the decrease of the US oil trade deficit, which continued almost steadily until 2019, in 2013 the value of its oil imports was 369.679 billion dollars, its exports are 137.422 billion dollars, the balance is minus 232.256 billion dollars, and in 2014 its imports reached 334.003 billion dollars, the value of its exports was 145.237 billion dollars, and the balance minus 188.767 billion dollars.
    In 2015, US oil imports reached 181.981 billion dollars and exports 98.092 billion dollars, standing at a deficit of 83.889 billion dollars, the first figure for a deficit in the US oil trade balance consisting of two orders since 2003.
    The deficit remained from two ranks until the end of 2019. In 2016, US oil imports reached 146.605 billion dollars, oil exports 88.849 billion, and a deficit of 57.756 billion dollars.
    In 2017, the United States imported $ 186.494 billion of oil, exported $ 125.184 billion, to stand at $ 61.310 billion, and in 2018 its oil imports reached $ 225.341 billion, and its exports were $ 175.300 billion, with a deficit of $ 61.310 billion.
    As for 2019, the value of the United States' oil imports reached $ 193.912 billion, and its exports amounted to $ 180.199 billion, with a deficit of no more than $ 13.714 billion, and last year's oil exports were the highest exports to the United States in terms of value during the period from 1992 to 2019.
    And the trade deficit recorded in that year is the lowest deficit in the value of oil imports witnessed by the United States during this period, while the highest value in American oil imports was recorded in 2008 with a value of $ 453.280 billion​.

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