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Showing posts with label US Export Data by product. Show all posts
Showing posts with label US Export Data by product. Show all posts

 The US Bureau of Labor Statistics announced that as per the Us Import Statistics By Hs Code,  import prices increased 2.0 percent in January after falling 0.4 percent in December. In January, higher gasoline and nonfuel costs led to an overall rise in import prices. After falling 1.6 percent in December, export prices in the United States increased by 2.9 percent in January.

Imports

Following a 0.4-percent dip in December, import prices in the United States increased 2.0 percent in January, resuming the rising pattern seen during most of 2021 based on the US import statistics by hs code. The gain in January was the highest monthly increase since April 2011. Import costs in the United States have risen 10.8% in the last year, owing to increasing fuel and nonfuel prices.

USA’s top importing industries in 2022

US imports data by company shows that car & automobile manufacturing in the US, communication equipment manufacturing, computer manufacturing,  textile mills, medical instruments & supply, aircraft, engine & parts manufacturing, nonferrous metal refining, brand name pharmaceutical manufacturing, oil drilling and gas extraction, and petrol refining are the largest importing industries in the US according to the US imports data by company 2022.

USA’s top importing industries

Value in USD ($)

Year

Textile mills

$43.5 Billion

2022

Aircraft, engine and parts

$48.5 Billion

2022

Medical instrument and supply

$46.5 Billion

2022

Car and automobile

$154.8 Billion

2022

Communication equipment

$122.5 Billion

2022

Brand name pharmaceutical

$157.1 Billion

2022

Oil drilling and gas extraction

$84.2 Billion

2022

Petroleum refining

$62.7 Billion

2022

Computer manufacturing

$67.3 Billion

2022

Nonferrous metal refining

$61.9 Billion

2022

Imports of fuel 

Following an 8.3% decline in December, the import gasoline price index increased by 9.3% in January. Higher gasoline and natural gas prices fueled the January rally. Import fuel costs have risen by 60.3%in the last year.

 Import gasoline prices rose 9.5%in January, after falling 8.3% the month before. For the year ending in January, oil prices increased by 57.7%. Natural gas prices increased by 10.5%in January, after decreasing by 10.5%in December. From January 2021 to JMaterials and Supplies for Non-Fuel Industries.


In January, the price index for nonfuel industrial goods and materials rose 3.2%, the highest one-month increase since May 2021. The surge in January was fueled by higher pricing for certain building materials, chemicals, and unprocessed metals. January 2022, natural gas prices soared by 118.4%.

All Imports

Nonfuel import prices rose 1.4%in January, marking the first monthly increase since November 2020. Since the inaugural publication of monthly percent changes in January 2002, the January gain was the highest one-month increase.

The increase in nonfuel import costs in January was fueled by higher prices for nonfuel industrial supplies and materials, meals, feeds, drinks, capital goods, consumer goods, and automobiles.

The price index for nonfuel imports increased 6.9% year over year, the highest annual increase since the 12-month percent changes were first released in December 2002.

Finished Goods

In January, prices for all of the main finished goods categories climbed. Prices for capital goods increased by 0.9% in April, the highest monthly increase since April 2008. Consumer prices rose 0.5% for the second month in a row, the highest one-month gain since February 2018.

Automobile car prices increased by 0.1% in the month of January.

Exports

Following a 1.6% drop the prior quarter, export prices in the United States jumped by 2.9% in January. Since the inaugural publication of monthly percent changes in January 1989, the January gain was the highest one-month increase according to the US export data by product.

The sudden rise in the prices for non-agricultural and agricultural exports resulted in a rise in overall US export prices in January. From January 2021 to January 2022, the price index for US exports increased by 15.1%.

Exports of Agricultural Products

The US export data by product also shows that after a 0.7-% gain in December, the price index for agricultural exports jumped 3.0% in January. Soybeans, other animal feeds, corn, vegetables, and cotton all saw higher prices in January, helping to boost export agricultural prices. Agricultural export prices have increased by 18.0% in the last year.

All Exports

Non-agricultural prices increased by 2.9% in January, after falling by 1.9% the last month. Since the inaugural publication of monthly percent changes in January 1989, the January rise was the greatest.

The increase in nonagricultural export prices in January was fueled by higher prices for nonagricultural industrial supplies and materials, capital goods, consumer products, motor vehicles, and nonagricultural foods. Nonagricultural export prices rose 14.7% in the year that ended in January.

Supplies and Materials for Non-Agricultural Industries

In January, the price index for nonagricultural industrial goods and materials increased by 5.5%, the most since March 2021. Based on the Us Export Data By Product, the increase in January was led by an 11.7% increase in export gasoline costs.

Finished Goods

In January, prices increased in all of the main finished goods categories. The increase in capital goods prices was 0.7%, the biggest since January 2013. Consumer prices increased by 1.0%, the most in a single month since June 2011. In January, the price index for automobiles climbed by 0.3%.

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What Are The Products USA Import The Most? USA Import And Export

 As per the Us Import Statistics By Hs Code, the US was the world’s largest importer country in 2020. Based on the United States bill of lading data, vehicles, machinery, pharma products, electrical machinery & equipment, medical equipment, photographic, pearls & precious stones, optical, and mineral oils & fuels were the major import commodities of this nation in 2020.

Exim provides in-depth analysis reports and research data on the US import-export trade activities and business. Exim’s market analysis reports offer 360 coverage and cover all the major fields related to US trade data such as the name of the top importers & exporters, product description, unit, value in USD, shipment & consignment details, port name & detail, mode of transportation and so on.


Exim provides top-notch, up-to-date, and most reliable import-export trade data on the US import and export. You can use this data to evaluate the supply chain, trends, demand of the global trade market or you can find top importers & exporters and identify the top products they are dealing in and with what strategies.

Exim trade data is a one-stop solution for all of your queries related to the import and export trade business.

USA Import Data by Country

According to the USA import data by country, Mexico, China, Canada, Japan, Germany, Korea, Vietnam, Ireland, Switzerland, and other Asia nations were the top import partner countries of this nation in 2020.

 

USA Import Data By Country

Value in USD ($)

Share in %

China

$457 Billion

19%

Mexico

$328 Billion

13.6%

Canada

$276 Billion

11.4%

Japan

$122 Billion

5.09%

Germany

$117 Billion

4.88%

Vietnam

$83 Billion

3.45%

Korea

$78 Billion

3.25%

Switzerland

$75 Billion

3.13%

Ireland

$65 Billion

2.73%

Other Asian nations

$62 Billion

2.59%

What are the top products the US exports the most?

Based on the US Export Data By Product, Machinery & computer, mineral oil & fuel, spacecraft & aircraft, electrical machinery & equipment, plastics & articles of plastics, precious metals & gems, organic chemicals, pharmaceuticals, technical, optical & medical apparatus, and vehicles were the major export commodities of the US in 2020.

 

US’s Export Commodities

Value in USD ($)

Share in  %

Machinery including computers

$182.6 Billion

12.8%

Electrical machinery & equipment

$162.9 Billion

11.4%

Mineral oil & fuel

$155.1 Billion

10.8%

Vehicles

$105.2 Billion

7.3%

Technical, optical & medical apparatus

$83.4 Billion

5.8%

Spacecraft & Aircraft

$80.9 Billion

5.7%

Plastics & articles of plastics

$60.2 Billion

4.2%

Precious metals & gems

$60 Billion

4.2%

Pharmaceuticals

$53.9 Billion

3.8%

Organic chemicals

$34 Billion

2.4%

You can buy US export data and get access to Exim’s huge database and harmonized directory and gain crucial insights into the trade statistics of this country. US export data help you analyze the market demand and trends of this nation allowing you to form a better strategy for your import & export trade business based on current market demand.

US Trade Statistics

Stats Related

Value in USD ($)

Year

Total Exports

$228143.00 Million

Dec 2021

Total Imports

$308874.00 Million

Dec 2021

Current Account

$-214774 Million

NA

Trade Balance

$-80731.00 Million

Dec 2021

Goods Trade Balance

$-100960.00 Million

Dec 2021

To know more about the USA’s import-export trade data, you can connect to us directly as Exim provides on point, authentic, reliable customs import-export trade data in real-time. Exim’s customs reports and market research data assist you in your various import-export business-related decision-making processes.

Connect to us for a complete analysis and to get a free overview of your current import-export trade business strategies and statistics.

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