US Customs Data from USA Customs

by Anam Seairexim Import Export Data Provider

The US is primarily in North America. It is a vast country spanning 9.83million square kilometers. The United States of America is a country of immigrants has a diverse population. It is a highly developed country. It has the largest economy and is the biggest importer in the world. As per USA import data, the US imports 4781 products from 240 countries around the world.

The US import data, allow international traders to explore new markets. They can find new buyers and sellers for their goods. Importers and exporters use the database to evaluate their market share. They use the information available to predict changes in market trends. Traders decide their price and volume strategy using the information in the USA custom import data.

As per the US import data in 2.408 trillion USD in 2020. If we observe trends for 2020 imports have been steadily from May 2020 when imports fell by 199.1 billion USD. The imports peaked at 256 billion USD in December 2020. In 2019 the US imported commodities worth 2.5 trillion USD. Imports in 2020 fell by over 2020 declined by 10.5% due to the coronavirus pandemic.

According to the US imports data the top imported commodities were:-

Machinery including computers (361.6 billion USD)
Electrical machinery, equipment (343.5 billion USD)
Vehicles (254.4 billion USD)
Pharmaceuticals: (139.5 billion USD)
Mineral fuels including oil (130.1 billion USD)

The USA's fastest-growing sectors in imports for 2020 were gems and precious metals (84.2%). Other commodities that registered growth in imports were pharmaceuticals (8.8%), plastics material and items (3.1%), and organic chemicals (2.4%). The sector showed the steepest decline in imports of mineral fuel (-38.1%). Commodities that showed a decline in imports were vehicles (-17.9% ) and optical and medical devices (-6.2%).

As the US Custom Import Data, the top import partners of the US are:-

Canada
Mexico
China
Japan
Korea

If we examine the export import data we learn 45.1% of America’s imports come from Asia. 25.2% of the imports come from other countries in North America and 23.9% of imports are from Europe.