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USA Import Data

USA Import Data

The United States is one of the biggest players in the global market, with a strong presence in both import and export trades. In 2023, it is expected that the country's trade industry will continue to thrive and contribute significantly to its economy. According to projections, the total value of USA's imports and exports by 2023 is estimated to reach $6 trillion. This reflects an increase from previous years, showcasing the country's strong economic growth and competitiveness in the international market.

USA have a total population of over 341 million people in 2023. With a large consumer base, this presents a huge opportunity for businesses engaging in import trade to cater to a diverse range of needs and demands. USA's GDP is expected to continue its upward trend in 2023. It is projected that by then, the country's GDP will exceed $24 trillion.

In 2023, the USA will retain its position as one of top three importing countries. Its strong economy and high demand from consumers make it an ideal market for imported goods from all over the world. Additionally, with ongoing efforts to improve trade relations with other countries through free trade agreements and negotiations on tariffs, the USA is poised to maintain its strong import rank in the years to come.

China has been a dominant force in US imports for years and it is unlikely that this will change drastically by 2023. The country supplies a wide range of products including electronics, machinery, furniture, clothing, and more. In fact, China accounts for nearly 20% of total US imports. However, with tariffs being imposed on Chinese goods by former President Trump's administration and ongoing discussions about reevaluating trade deals with China under current President Biden's administration, there may be some changes in terms of volume or types of products imported from China.

Mexico and Canada have long been important trading partners for the US due to their geographical proximity as well as their participation in NAFTA (North American Free Trade Agreement). Together they account for around 19% of total US imports. While both countries mainly supply automobiles and petroleum products to the US market currently, there may be opportunities for other industries such as agriculture or technology to grow in this partnership by 2023.

USA IMPORT 2023 STATISTICS

The United States of America has always been known as a global trade powerhouse, with its economy heavily reliant on both imports and exports. In recent years, the value of merchandise imports to the USA has reached staggering amounts, with 2023 seeing a total import value of $3.16 trillion. This figure may seem impressive at first glance, but it is important to note that there has been a decrease of 6.06% compared to the previous year.

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USA Import Customs Trade Data Shows Top 10 Importing Products In 2021 – Analysis By Chapter

  • 14.6% (463 billion US dollars) : HS CODE 85 - Electrical machinery and equipment; sound recorders and reproducers; television image and sound recorders and reproducers; and parts and accessories for such items.
  • 14.4% (459 billion US dollars): HS CODE 84 - Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof
  • 12% (381 billion US dollars): HS CODE 87 - Vehicles other than railway or tramway rolling stock, and their parts and accessories
  • 8.41% (266 billion US$) of HS CODE 27 - Mineral fuels, mineral oils, and products of their distillation; bituminous substances; mineral waxes
  • 5.61% (177 billion US dollars)HS CODE 30 - Pharmaceutical products
  • 3.81% (124 billion US dollars) of HS CODE 99 - Unspecified commodities
  • 3.7% (118 billion US$): HS CODE 90 - Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories
  • 2.69% (85 billion US dollars): HS CODE 71 - Natural or cultured pearls, precious and semi-precious stones, precious metals, metals clad with precious metals, and articles thereof; imitation jewelry; coins
  • 2.28% (72 billion US dollars): HS CODE 39 - Plastics and articles made from them
  • 2.17 percent (69 billion US dollars): HS CODE 94 - Furniture, bedding, mattresses, mattress supports, cushions, and similar stuffed furnishings; lamps and lighting fittings, n.e.s.; illuminated signs, illuminated name-plates, and the like; prefabricated b

USA Import Global Trade Data Shows Top 10
Trading Partners of USA

  • Mexico dominateswith a share of 15.1% (480 billion US dollars)
  • China dominateswith a share of 14.1% (448 billion US dollars)
  • Canada dominates with a share of 13.5% (429 billion US dollars)
  • Germany dominates with a share of is 5.14% (162 billion US dollars)
  • Japan dominates with a share of 4.78% (151 billion US dollars)
  • Koreadominates with a share of 3.77% (119 billion US dollars)
  • Vietnam dominates with a share of 3.75% (118 billion US dollars)
  • Other Asia, dominates with a share of 2.83% (89 billion US dollars) was accounted for by
  • India dominates with a share 2.75% (87 billion US dollars)
  • Ireland dominates with a share of 2.61% (82 billion US dollars)

USA Import Data Sample

HOW IMPORT GLOBALS USA IMPORT DATA CAN TRANSFORM YOUR BUSINESS EXPANSION STRATEGY

When it comes to importing goods into the United States, having access to detailed and accurate data is crucial for businesses looking to make informed decisions. With Import Globals USA Import Data, you can gain valuable insights into each shipment, including essential information such as bill of lading details, consignee name and address, shipper name and address, destination country, origin country, HS code of product, and product description.

One of the key advantages of using Import Globals USA Customs Data is the inclusion of detailed product descriptions. This allows companies to have a better understanding of the products they are importing and selling, ultimately leading to increased sales and customer satisfaction.

Import Globals, USA import data is the inclusion of HS codes. These are standardized numerical codes used to classify goods for customs purposes. With over 5,000 different categories covering everything from live animals to machinery and electronics, HS codes provide a detailed breakdown of what exactly is being imported into the country. This information can be particularly useful for businesses looking to understand their competitors' import activities or identify potential new markets for their products.

Another important element contained in USA import dataprovided by Import Globals is the consignee name and address. The consignee refers to the party that has been designated by the importer as the receiver of a shipment. This could be an individual or a company located within the United States. By knowing who is receiving these goods, companies can gain valuable insights into their supply chain networks and identify potential business partnerships.

Similarly, knowing the shipper name and address can also offer valuable information about where products are coming from. This could help businesses understand which countries are major suppliers for certain products or identify potential new suppliers in emerging markets.

One unique aspect of USA import trade data is that it also includes information on both origin and destination countries. The origin country refers to where a product was originally manufactured while destination country refers to where it was ultimately delivered to within the United States. According to Import Globals, having this level of detail allows companies to better understand global trade patterns and make strategic decisions about sourcing materials or targeting specific markets.

By utilizing this comprehensive dataset, companies can streamline their supply chain operations by identifying trends in sourcing locations, monitoring competitor activity, and ensuring compliance with regulations. Whether you are a small business or a large corporation, having access to this level of information can give you a competitive edge in today's global market.

By utilizing Import Globals USA Customs Data, you can gain valuable insights into market trends, competitor strategies, and consumer preferences. This information is crucial for making informed decisions that will drive success in the global marketplace.

With Import Globals USA Custom Import Data at your fingertips, you can rest assured knowing that your business is equipped with the necessary tools for navigating unfamiliar territories. From identifying potential suppliers to understanding regulatory requirements, this data guarantees a smooth entry into new markets.

FIND OUT OTHER NORTH AMERICA COUNTRIES IMPORT EXPORT DATA

Panama
Costa Rica
Guatemala
Mexico

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