As we know, the import business is expanding year after year, which is the major reason for the growing interest in import and export as it expands the business opportunity and attains more revenues to grow globally. As per the global reports, the US economy is the biggest in the world, and its trading sector is one of the largest and most competitive. In this blog, we will take a closer look at the market trends in US trade data and provide a comprehensive analysis with EximPedia.app.
Why is US trade data significant in trade business?
The import and export data from the USA are essential to businesses looking to find new markets for their goods. Businesses can determine whether nations have a high demand for their goods and commodities by analyzing the data. This might help businesses grow their customer base and revenue. The USA import export data is significant for traders who indulge in the business of import and export. An updated trade market report will help traders analyze the top export and import commodities, market trends, HS codes, port data, etc.
There are several market research companies in the global market, but one of the best market research dashboards is EximPedia.app. In our data-driven dashboard, you will collect useful market insights such as export import trade data, India trade data, USA export-import data, and countries specific HS codes.
Overview of US Import Data for 2022–23
USA Trade Data is the best way to analyze the detailed shipping records for containers arriving in the country via all forms of transportation. Based on US Import Data, the US imported a wide variety of products and commodities from all over the world. The US imported approximately $2.94 trillion in 2022.
In July 2023, imports into the United States increased by $5.2 billion to reach $316.7 billion, rebounding from the previous month's $311.5 billion, which was the lowest level in more than one and a half years. This increase was largely due to an increase of $5.2 billion in the shipment of products.
The top import categories for the nation in 2022, according to the US Importers Database, were electronic equipment, machinery, cars, pharmaceuticals, and mineral fuels. The data also reveals that, behind Mexico, Canada, and Japan, the US imported the most goods from China.
USA Import Data includes:
- US Consignee/Importer Name
- Quantity and Weight with Unit
- Port of Origin/Foreign Port
- Port of Destination/US Port
- Suppliers Name, Address
- Date of Shipment Arrival
- Product Description
Customs Import Data from the United States provides business names as well as other information. Our EximPedia database now has 12308975 shipment records and 1101306 US import enterprises. It contains information on transactions involving American and international firms. We provide updated shipping details based on the most comprehensive and searchable database available.
Overview of US Export Data for 2022-23
USA Export Data is a quick and simple method to find and assess complete shipping information for containers coming into the nation via all modes of transportation. Date, Consignee Name, Consignee Address, Shipper Name, Shipper Address, HS Code, Product Description, Loading Port, Unloading Port, Foreign Country, Weight, Quantity, Unit, and other information are contained in US export data.
Based on US Export Data, Exports from the United States increased by $3.9 billion to $251.7 billion in July 2023, the highest level in four months, propelled by a $3.2 billion boost in the sales of goods.
USA Export Data includes:
- US Consignee/Exporters Name
- Container-specific details on goods
- USA bill of lading data covers
- Date, Shipper Name, and Shipper Address
- US Port, Destination Port, Product Description
- Quantity, Weight
If you need the updated US exporters list, EximPedia.app provides high-quality export data from the United States, as well as shipping information, to help you find potential industries for your company's growth.
Bilateral Trade Agreement between India-US
The two biggest democracies in the world, India and the United States, have a long history of political and economic collaboration. According to Indian export import data, the two nations' bilateral commerce will reach $113.9 billion in 2022.
On June 21, 2023, Indian Prime Minister Narendra Modi made his first official trip to the US. Three main objectives governed Prime Minister Modi's visit: to strengthen ties with the Indian community, strengthen connections with business leaders, and engage with thinking leaders from all fields. The intention was to strengthen ties between the US and India in important fields like business, trade, innovation, and technology.
Major Trade Policies Signed Between India and the US:
- General System of Preferences (GSP):
- Trade Policy Forum (TPF):
- Investment Incentive Agreement (IIA):
- Indo-Pacific Economic Framework (IPEF)
- Technology Innovation Hubs (TIH):
- Bilateral Investment Treaty (BIT):
Top 10 Import Products of the US
So, these are the top import products as per the US import data. Machinery products are the top commodity imported from the United States of America. If you want the updated import products list, connect with the EximPedia.app and discover global trade insights.
Top 10 Export Products of the USA
So, these are the top export products as per the US export data. Industrial supply is the top commodity exported from the United States of America. If you are looking for the updated export products list, you can connect with EximPedia.app and gain global trade insights.
What are the top 5 US import partners?
- China: China is the top import partner of the USA. The major US import products from China are electronics products, machinery, textiles, and furniture products.
- Mexico: Mexico is the second import partner of the USA. The major US import products from Mexico are automobiles, oil, and gas.
- Japan: Japan is the third import partner of the USA. The major US import products from Japan are automobiles, electronics, and machinery.
- Germany: Germany is the fourth import partner of the USA. The major US import products from Germany are automobiles, machinery, and chemicals.
- India: India is the fifth import partner of the USA. The major US import products from India are textiles, pharmaceuticals, and machinery
How to Find USA Import and Export Data?
To find the best USA import and export data, EximPedia is a market research and import data provider company. We provide Import Export Data, USA import data with importers/buyers name, product description price, quantity, port name, shipment details, and other useful information related to US trade data. There are simple steps to get into the USA Import Export Data:-
- Step 1: Visit to the EximPedia Dashboard
- Step 2: Now, go to the appointment booking form
- Step 3: Fill the form with respective details and information
- Step 4: submit the form
Our business representatives will connect with you shortly.
In conclusion, finding accurate and updated US trade data is a complex process. EximPedia market intelligence data reports and statistics help you in many ways, such as observing the actual demand for your products and the ups and downs in USA imports or USA exports. So, if you have any query related to USA Import Data or USA Export Data, EximPedia.app helps you understand the global market insights at your doorstep.
