SOME FEEL-GOOD NEWS ABOUT US IMPORT DATA TO BRIGHTEN YOUR DAY

 SOME FEEL-GOOD NEWS ABOUT US IMPORT DATA TO BRIGHTEN YOUR DAY

The United States of America and Global trade data  are also honored as USA or US. It's a transnational country which means it expands further than one mainland. Majorly, most of its territory is in North America. The country consists of 50 major countries and, a civil quarter too. The country shares borders with several countries like Mexico, Canada, the Bahamas, Cuba, and Russia. As per studies, America accounts for 30.2% of total wealth in the world.

We will see that the US stood at the 01st position in the world in terms of GDP, and 2nd position in the world for total exports If we believe the US trade data and US import-export data published in the year 2020. If we focus on the figures that were extracted from US Import Data and US Import Data for the year 2020, we can see that the country imported goods worth 2.24 trillion dollars. On the other hand, US Import data also produced data regarding the total imports of services in the year 2020 which amounted to nearly 480 billion dollars.

US Import Data which is derived from US Import Data has also revealed the top accomplices of the US with whom the country is associated for frequent importing activities. They are as follows:

·        China (USD 437 billion)

·        Mexico (USD 325 billion)

·        Canada (USD 263 billion)

·        Germany (USD 116.1 billion)

·        Japan (USD 112 billion)

LATEST TRENDS IN THE US MARKET

After studying the trends and analytics in the previous years of the US market, it is time to add some information about the latest trends in the US market.

As per the data produced by US Import data for the month of June 2022, the US imported goods worth 286 billion dollars which led to negative BOP. This is so because imports in the US increased more as compared to the exports in the time frame of June 2021 to June 2022.

If we talk about the major imported commodities in the US, then according to the Vietnam Import Data for the month of June 2022, it imported the following commodities the most.

·        Crude/rough oil ($20 billion)

·        Four-wheelers, especially cars ($12.5 billion)

·        PCs ($11.3 billion)

·        Telephones or landlines ($10 billion)

·        Other miscellaneous commodities ($9.80 billion)

Import export data also launched a list of its top 5 import destinations in the US for the year 2021-2022. They are as follows:

·        California ($46 billion)

·        Texas ($34.2 billion)

·        Illinois ($21.9 billion)

·        New York ($15.8 billion)

·        New Jersey ($14.3 billion)

The major import partners of the US as listed in import Export data which is collected from US Import Data are namely China (48.5 billion), Canada (40.4 billion), Mexico (40 billion), Vietnam (11.4 billion), and Japan (11.2 billion).

THE END

Till now, we have seen the major trading facts and figures about the US Import Data both old and new. At last, we want to tell and educate you on the reason and the major factors behind the growth in the US Import statistics and global trade Data Provider If we examine the import statistics of the US for the year 2022 in the month of June, then we can see an increase in the numbers. This is because of the increase in imports from China, Switzerland, and Vietnam by approximately 18%, 54%, and 25% respectively in the year 2021-2022.

Not only the imports of these countries rose, but the imports of certain products also rose due to which we are able to see a sharp rise in the total Imports of the country. US Import data states that those products namely, computers, stuffed medicines, and telephones by 31%, 35%, and 22.7% respectively.

In the end, our verdict is that the US market is an evergreen market and is not going to face any downfall in near future. It is a superpower for a reason and will remain in the top position for years to come.

WANT TO BE A CHAMPION?

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