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Some key highlights of the 2020 data are: Imports of goods decreased $166.2 billion to $2,350.6 billion in 2020. [1] [2] Automotive vehicles, parts, and engines decreased $65.2 billion. Passenger cars decreased $33.4 billion. Automotive parts and accessories decreased $15.3 billion. Trucks, buses, and special purpose vehicles decreased $10.8 ...
The data provided by ImportGenius are sourced from U.S. Customs and Border Protection and similar agencies from other countries. US data are obtained through the Freedom of Information Act and is considered public record. Data from other countries and territories, on the other hand, are legally obtained proprietary data. [4]
Different sources of trade data may provide more or less complete data coverage, and more or less detail: reported vs. mirrored: One key distinction in trade data is between the reporting country (the country that provides data) and the partner country (the country listed as an export partner or import partner in the data provided by a reporting country).
The level of customs duties is a direct indicator of the openness of an economy to world trade. However, there may also be import barriers that are not based on the levy of duties. The following table shows the tariff rate, in percentages, according to United Nations Conference on Trade and Development (UNCTAD) , [ 1 ] World Trade Organization ...
These import and export records account for 17 million Bills of Lading collected by PIERS per year. The raw data is subsequently verified, analyzed, and synthesized with supplementary data sourced from The United Nations, United States Census, Dun & Bradstreet, and direct international country sources for use in PIERS trade intelligence tools. [1]
The U.S. trade deficit in goods widened to a 2-1/2-year high in September amid a surge in imports, prompting some economists to trim their economic growth estimates for the third quarter.
The trade deficit in terms of goods decreased by $123.4 billion from 2022 making it 1,059.6 billion in 2023. While for services this increased by $48 billion making it $279.8 billion in 2023. [3] The large decline in exports in 2020 has been attributed to the effects of COVID-19 pandemic. [4] Some key highlights of the 2020 data are:
A separate report from the Commerce Department's Bureau of Economic Analysis showed the trade deficit contracted 11.9% to $73.8 billion in October as imports declined by the most since late 2022 ...
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