US Import Database- A Key Tool for US Importers in Global Trading

The United States is the world’s second largest importer. The country mainly imports commodities and merchandise from over two hundred forty distinct geographic markets. Inbound shipments may be headed for US consumer markets or moving along global supply lines that crisscross national borders. The United States has acquired the third position in importing intermediate goods. The United States takes the largest share of global imports overall, by value. The main imports are capital goods and consumer goods, foods, feeds, and beverages; automotive vehicles, parts, and engines; industrial supplies. The main import partners of United Kingdom are China, Mexico, Canada, Japan, and Germany.

US Import Data and trade statistics

US import data has been derived from the US customs. These data are collected from bills of lading, and shipping manifests filed with US Customs in the US. US import data is an edifying collection of hard to get information like buyers of the US, importers of the US, and US notify part, overseas exporters name, address, telephone, and fax, product description, shipment date, marks and Nos, bill of landing Nos, and container Nos. It contains all the essential records of sea shipments in all US ports. US import trade data is a powerful tool that helps you to analyse the US import trade of your product and also you can track the active and potential buyers or importers and their shippers or suppliers throughout the world. It is an also an excellent mode to find USA importers, buyers and analyse US market. The US import data can help you to uncover the workings of the global economic engine the what, when who and where of US trade with the rest of the globe.

As per the United States Import trade data, the total imports to the US had risen month by month in the year 2016. Imports of goods, industrial supplies and materials, and crude oil has also increased according to the import trade statistics of US in the year 2016. However, Imports of services, transport, and travel has been declined. Within the last five years, the imports of United States have increased at an annualised rate of 8.5%. The most recent imports in the US are led by crude petroleum.

Summary

The import data of any country defines the financial transactions of international trade and account for a large portion of GDP. The same holds for the United States. With US import data, the US importers can easily identify and qualify their best-trading partners and also uncover the opportunities to sell their products and services across the globe.