US Import Data Report with Major Imports of US

by Anam Seairexim Import Export Data Provider

According to US import data and analytics reports, the nation imported products worth USD 2,407 billion in 2020. This showed a downfall in the value by -6.3% as compared to the year 2019 that had USD 2,568 billion value. The nation's international trade deficit in both goods and services has shown an increase and accounts for 74.4 billion dollars in March which was 70.5 dollars in February. It revealed that imports have shown much increase than the exports made by the country.

US Import Data shows that the United States was at the top of the importer's list among all the countries of the world in 2020. The import statistics make coverage on the overall goods and services that were imported to the country and were worth $2000 per commodity as shipped by organizations and individuals into the U.S from other countries. According to new figures published by the US Census Bureau and US Bureau of Economic Analysis, the goods and services sector had a $74.4 billion deficit in March of 2021. It also showed that in March the total imports were around 274.5 billion dollars to 91.6 billion dollars and had a decrease in the surplus services of 0.3 dollars to 17.1 billion dollars.

The import data of the US is of customs type that covers details of importers and other details related to them. The US Importers Database report covers information on the major importers, including the company's name, shipping information, and contact information. As per the US Shipment Data, the total import value from 2019-2021 was 194,590,628. The information gathered by the use is entirely focused on import bills, shipping bills, invoices, and other export-import records that are critical for trading activities like the import and export of goods.

All of these data are obtained from authentic sources like Custom Departments, Port Authorities, Shipping & Logistics Companies, Government Bodies, and Trade Associations. The US shipment data includes custom-based details such as consignee name, address, date, shipper name and address, HS Code, product description, port of loading and unloading, foreign country name, weight, unit, quantity, mode of transport, and so on.

From these data, traders and businessmen can get to know the name of the trading partners that the US has and the commodities that are imported to the country. Thus, it can be stated that import statistics provide an economic indicator and can be considered as the most complete and authentic source of imports made by the U.S.