Posted by Kelly Duchene on Thursday, October 27, 2011
Through August of 2011, the U.S. merchandise trade balance stands at -$482 billion. So far this year, the U.S. has imported 150% more than it has exported, in value. While the majority of products are imported from Asia, thousands of others come from around the world.
Currently, 2011 import values are less than those seen in 2010. As the holiday season approaches, it will be interesting to monitor the changing product cycles as stores begin to stock up their shelves.
Below is a list of the top 10 imported products by value for 2011, to date.
| HTS Code |
2010
(Jan - Aug) |
2011
(Jan - Aug) |
| 2709.00 - Petroleum Oils And Oils From Bituminous Minerals, Crude |
$252,640,865,477 |
$225,115,096,167 |
| 8703.23 - Passenger Motor Vehicles With Spark-ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Over 1,500 CC But Not Over 3,000 CC |
$53,333,142,195 |
$38,186,303,416 |
| 2710.19 - Petroleum Oils And Oils From Bituminous Minerals (other Than Crude) And Products Therefrom, Nesoi, Containing 70% (by Weight) Or More Of These Oils |
$36,765,724,901 |
$36,440,509,263 |
| 8703.24 - Passenger Motor Vehicles With Spark-ignition Internal Combustion Reciprocating Piston Engine, Cyclinder Capacity Over 3,000 CC |
$52,704,058,275 |
$35,288,670,812 |
| 2710.11 - Petroleum Oils And Oils From Bituminous Minerals (other Than Crude) Light Oils & Preps, Nesoi, Containing 70% (by Weight) Or More Of These Oils |
$27,200,756,283 |
$27,711,061,092 |
| 9801.00 - Imports Of Articles Exported And Returned, Not Advanced In Value Or Condition; Imports Of Animals Exported And Returned Within 8 Months |
$36,351,362,088 |
$26,716,259,937 |
| 8517.12 - Telephones For Cellular Networks Or For Other Wireless Networks |
$34,842,902,731 |
$26,452,718,459 |
| 8471.30 - Portable Digtal Automatic Data Processing Machines, Weight Not More Than 10 Kg, Consisting Of At Least A Central Processing Unit, Keyboard & A Display |
$32,451,619,649 |
$26,339,420,432 |
| 3004.90 - Medicaments, In Measured Doses, Etc. (excluding Vaccines, Etc., Coated Bandages Etc. And Pharmaceutical Goods), Nesoi |
$40,487,495,303 |
$25,476,595,736 |
| 8517.62 - Machines For The Reception, Conversion And Transmission Or Regeneration Of Voice, Images Or Other Data, Including Switching And Routing Apparatus |
$19,576,188,605 |
$15,787,788,807 |
There are thousands of other product categories for imports and millions of imported products in total. To search for and examine other products, please click here for a free trial of our trade intelligence tools.
Category: General
Posted by Chelsea Craven on Monday, October 24, 2011
Zepol works with many media outlets to provide trade data to publications in all industries. Below we have highlighted some recent articles that have utilized Zepol's data.
Cargo Surge Takes a Holiday at L.A., Long Beach Ports
The article details the decrease in imports through L.A. and
Long Beach for September, using Zepol’s data for the analysis.
“2011 is shaping up to be the year that Santa forgot.”
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Ocean Carriers Post Strong Inbound Figures
July marked a healthy increase in the amount of U.S. inbound
shipments. Worth mentioning is Maersk Line, which posted
the highest number of recorded TEUs for the year in July.
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U.S. Fastener Export/Import Update
The American Fastener Journal features Zepol’s data in each
edition, detailing recent trends and updates in the fastener
world. During the first half of this year, export and import
values have risen significantly.
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American Hardwood Manufacturers
The article recaps how America has lost a large market share
of wood flooring production due to foreign manufacturing as
well as lack of investment in the domestic manufacturing process.
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Zepol Offers Interesting Furniture Industry Trade Data
One of our newest media partners, Furniture Today, has found
Zepol’s data useful in reporting on wood furniture trends. We look
forward to more contributions to come!
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Click here to read complete articles and more about Zepol in the news!
Posted by Chelsea Craven on Thursday, October 20, 2011
U.S. export cotton prices have taken a large jump starting at the end of 2010 and continuing through this year. July exhibited the first decrease in price per kilogram for U.S. exports after a nine-month rising streak. August followed suit with July and also posted a slight decrease. Year-to-date, the average price of cotton exports per kilogram is $3.17, up from $1.77 for the same time period of last year; that’s a 78% increase in just one year! The graph below illustrates the upward turn in price per kilogram for U.S. exports, showing a slight plateau in recent months. The majority of U.S. cotton exports are destined for China, Turkey, Indonesia, and Thailand. In turn, these countries process the cotton, manufacture textiles, and then ship many of the products back to the U.S. as finished goods.
*Data is based on U.S. exports of Cotton, not carded or combed (HTS Code 5201.00).
Posted by Chelsea Craven on Tuesday, October 18, 2011
The U.S. Census Bureau released its Merchandise Trade data numbers on October 13th for August 2011. The Merchandise Trade balance widened from a deficit of $66.3 billion in July to a deficit of nearly $70 billion in August.
Below is an in-depth breakdown of the U.S. Census Merchandise Trade data. This month we have highlighted 3 interesting items that we found while looking at August's data:
- The Port of LA shows strong growth
- Vessel import values per kg show a rise
- Trade balance with China widens
Click here for Zepol's U.S. Census Merchandise Trade Data Update for August 2011
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