As we know, the United States is a leading player in the global trade arena, with a highly diversified economy that supports imports and exports of goods and services. As such, the country's trade data is of immense importance to economists, policymakers, and businesses alike. In this blog, we will take a closer look at the latest trends in USA trade data and what they tell us about the current state of the economy.
One of the key indicators of the country's trade performance is the balance of trade, which is the difference between the value of exports and imports. In recent years, the USA has consistently run a trade deficit, meaning that it imports more goods and services than it exports. This is due to a number of factors, including the country's high demand for foreign-made goods and the strong value of the US dollar, which makes imports cheaper.
Also, the country's trade deficit can be seen as a measure of its economic strength and its ability to purchase goods and services from abroad. In addition, exports can help boost economic growth and create jobs, as businesses look to tap into new markets and expand their customer base.
When it comes to specific goods, the USA is a major exporter of capital goods, such as machinery and equipment, as well as consumer goods, including automobiles and pharmaceuticals. On the import side, the country relies heavily on foreign sources for raw materials and energy products, such as crude oil according to export import data.
Import Data from the United States is of the Customs Type, which includes firm names as well as other information. 12308975 shipping records and 1101306 US import businesses have been added to our database. It includes data on transactions between American and foreign corporations. We provide shipping details, HS code, including container characteristics, from the most complete and searchable database available from our Seair Exim Solutions broad platform.
Shipping Bills, Import Bills, Invoices, and other import-export documents that are critical in importing or exporting goods from one country to another are used to create USA bill of lading data. We collect USA trade data from the most reliable sources, such as Customs Departments, Shipping & Logistics Companies, Port Authorities, Trade Associations, and Government Bodies, to ensure data integrity. From 2012 until the present, we have data on imports from the United States.
According to US Import Data and analytics reports, the US imported items worth USD 2,407 billion in 2020, down from USD 2,568 billion in 2019. As we discuss for the year 2022, the first monthly gain since the index rose 0.2 percent in June 2022, U.S. import prices increased by 0.4 percent in December. The increase in December came after a 4.6% fall from June to November.
According to import export data, the United States increased imports by USD 4.2 billion to USD 317.6 billion in December 2022, up from the last 11-month low of USD 313.4 billion, suggesting a rebound in domestic demand following a slowdown in inflation
According to import data from the United States, the United States was the world's top importer in 2022. Machinery, electrical machinery & equipment, cars, pharma goods, mineral fuels & oils, pearls & precious stones, and optical, photographic, and medical equipment are among the biggest import commodities of the United States, according to US Importer Data.
USA Trade Data is a quick and easy way to locate and evaluate detailed shipping records for containers arriving in the country via all forms of transportation. Date, Consignee Name, Consignee Address, Shipper Name, Shipper Address, HS Code, Product Description, Loading Port, Unloading Port, Foreign Country, Weight, Quantity, Unit, and so on are all included in US import data.
We've compiled a list of the top ten imports in the United States for 2020 based on the most extensive data available. Machinery (15%), Electrical Machinery and Equipment (14.2%), Vehicles (10.5%), Pharmaceutical Products (5.8%), Mineral Fuels and Oils (5.4%), Pearls and Precious Stones (4.4%), Optical, Photographic, Medical Equipment (3.7%), Furniture, Bedding, Mattresses, etc. (2.7%), Plastics (2.5%), and Organic Chemicals (2.5%) (2.3 percent).
|Top Import 2020||Top Import 2022|
|Machinery (15%)||Automotive cars, parts, and engines (12%)|
|Electrical Machinery and Equipment (14.2%)||Foods feeds (25%)|
|Vehicles (10.5%)||Drinks (6 %)|
The second-largest importer in the world is the United States. Consumer goods, capital goods, and industrial supplies accounted for the majority of imports in 2022, followed by automotive cars, parts, and engines (12%) and foods, feeds, and drinks (25%) (6 percent). Shipments from China made up 17% of all imports, followed by those from Mexico (14%), Canada (13%), Japan (4.5%), and Germany (4.5 percent) according to US Import Data.
According to US Import Data, China (USD 457.1 billion), Mexico (USD 328.8 billion), Canada (USD 277.3 billion), Japan (USD 122.4 billion), Germany (USD 117.4 billion), Vietnam (USD 83.2 billion), South Korea (USD 78.3 billion), Switzerland (USD 75.5 billion), Ireland (USD 65.7 billion), and Taipei, Chinese Taipei, was the top ten import partners for the United States in 2020, according to import data and market research reports (USD 62.4 billion). These countries accounted for 69.4 percent of the whole value of shipments, according to US import figures.
According to US Import Data, the main partners in 2022 were China (17%), Mexico (14%), Canada (13%), Japan (4.5%), and Germany (4.5%). Locate the top US importers, suppliers, and purchasers with our extensive data dashboard. Obtain fresh business leads through our USA trade data and strategic reports. You can easily sort out the US importer companies through our single data-driven dashboard.
The greatest source for searching and analyzing comprehensive details at the shipment level is USA Export Data. It offers container-specific information about the country's exported commodities. Date, Shipper Name, Shipper Address, US Port, Destination Port, Product Description, Quantity, Weight, Hs code search, HS Codes, and so on are all included in the USA bill of lading data.
According to US export data, the US exported items worth USD 1,431 billion in 2020, a -13 percent decrease from the previous year. According to US export figures, the US delivered items worth USD 1,645 billion in 2019.
According to the USA Trade Data, the exports of goods decreased by $5.3 billion to $170.8 billion. Also, it is led by lower sales of industrial supplies and materials (down $3.6 billion) and capital goods (down $1.3 billion). Export statistics for pharmaceuticals increased to $1.2 billion in 2022.
We give high-quality export data from the United States, along with shipping information, to assist you in identifying possible industries for your company's expansion. According to export import data, We discovered that the top ten exports in 2020 for the United States were Machinery (12.7 percent), Electrical Machinery & Equipment (11.3 percent), Mineral Fuels & Oils (10.8 percent), Vehicles (7.3 percent), Optical, Photographic, Medical Equipment (5.8%), Aircraft, Spacecraft & Parts (5.6 percent), Plastics (4.2 percent), Pearls & Precious Stones (4.1 percent), Pharma Products (3.7 percent), and Organic Chemicals (3.7 percent) based on trade data and analytics (2.3 percent ).
|Top Export 2020||Top Export 2022|
|Machinery (12.7 percent)||Industrial supplies (38 %)|
|Electrical Machinery & Equipment (11.3 percent)||Capital goods (29 %)|
|Mineral Fuels & Oils (10.8 percent)||Gasoline and Other Fuels (26.02%)|
As per the updated USA export data, these are the top exports in 2022: industrial supplies (38 %), capital goods (29 %), consumer goods (14 %), automotive vehicles (8 %), and food, feeds, and beverages (8 %), Gasoline and Other Fuels (26.02%), Crude Petroleum (68.56%), Natural Gases (14.94%), Civilian Aircraft Parts (13.45%), passenger Vehicles (15.3%), With our authentic customs details, you can determine potential industries for your business growth.
Note: Get authentic US customs data and actionable insights such as USA top products exports, trading partners, exporters along with their total import value with our single dashboard.
The following are the top ten export partners for the United States in 2020, According to export import data. Canada (USD 255.1 billion), Mexico (USD 212.6 billion), China (USD 124.6 billion), Japan (USD 64.0 billion), the United Kingdom (USD 59.0 billion), Germany (USD 59.0 billion), South Korea (USD 57.7 billion), the Netherlands (USD 51.2 billion), Brazil (USD 45.5 billion), and Taipei, Chinese Taipei (USD 45.5 billion) (USD 35.0 billion).
As per the updated, import export data of the USA, the main export partners in 2022 were Canada (18 % exports), Mexico (16%), China (7 %), Japan (4.5 %), the United Kingdom (4 %), and Germany (3.5 %). Locate the top US exporters, suppliers, and purchasers with our extensive data dashboard. Obtain fresh business leads through our USA import export data and strategic reports. You can easily sort out the US exporter and importer companies through Seair Exim Solutions platform
You can check out the Seair Exim solutions to see the available US Import Data if you want to learn the Export Import Data for a given product from different nations. Seair Exim Solutions is an Import Export Data Provider firm that provides trustworthy, up-to-date, and authentic international trade data for more than 80+ nations. Seair Exim Solutions is a one-stop shop for all your import export data, HS Codes requirements, offering thoroughly investigated and optimized Export Import Data. Our professionals are constantly prepared to offer the top service to help you expand your business internationally if you require any kind of help.
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