US Imports rose to 3.9 trillion US Dollars in 2022: Reports

US Imports rose

 As per the US import data 2022 reports, US Imports rose to 3.9 trillion US Dollars. The United States of America is currently the largest importer and second largest exporter in the world. US imports by country suggests that China, Mexico, Germany and Canada are the major exporters of goods to the USA.

For the fiscal year 2022, Petroleum goods, instruments, chemical and medicinal products were the most imported items by the USA. Also, according to the US export data, the total US exports were around 3 trillion US Dollars in 2022. These include Petroleum products, Aircrafts accessories, and Natural gas mostly exported to Canada, Mexico, China and the United Kingdom.

US import export data states that the US Agricultural Exports recorded an all time high of 200 billion US Dollars in 2022. The US major agricultural exports were fruits, vegetables, tree nuts, grains, soybeans, livestock and poultry products. The USA's total trade value was estimated to be 6.9 trillion US dollars in 2022.

Through this blog, you will get a detailed analysis of USA Imports Exports.

USA’s Import Market 2022 Analysis

According to the USA import export data year wise statistics, US imports rose from 2.9 trillion US dollars in 2021 to 3.9 billion US dollars in 2022. In December 2022, the USA’s major import trading partners were China (44 million USD), Mexico (40 million USD), Canada (35 million USD), Germany (14 million USD), Japan (13 million USD), South Korea (9 million USD), Vietnam (11 million USD), Taiwan (7 million USD), Ireland (8 million USD) and India (7.4 million USD). 

The US major imports products were Steel Articles (27 billion USD), Manufacturing goods (22 billion USD), Crude petroleum oils (10 billion USD), Industrial products (6 billion USD), Automobiles (3 billion USD), Electrical Machinery, Equipment (2 billion USD), Foods & Beverages (1.6 billion USD), Chemicals (1.5 billion USD), Agricultural products (1.1 billion USD) and Metals (76 million USD). In the future, demand for these products will increase.

USA’s Export Market 2022 Analysis

In 2022, the USA saw record exports of 3 trillion US dollars of goods that was 20% more than the previous year. As per US trade data 2022, Gas Extracts (220 billion USD), Refined Petroleum (164 billion USD), Pharma Products (83 billion USD), Natural Gas (73 billion USD), Chemicals (55 billion USD), Plastics (51 billion USD), Optical, Medical, Technical Instrument (42 billion USD), Cars ( 40 billion USD), Soybean (33 billion USD), and Meat, Edible Meat (31 billion USD) were USA’ s major exports. These were mostly exported to Canada, Mexico, China, the United Kingdom and Japan

USA-India Trade Analysis

The United States and India share a strong trade relationship from the past few years.The total trade between the USA and India was around 123 billion US dollars, which was more than the previous year (113 billion US dollars in 2021).

As per India import data 2021, the major US exports to India were Mineral oils & fuels (13 billion USD), Precious Stones & Gems (7 billion USD), Machinery & Reactors (2 billion USD), Chemicals (1.9 billion USD), Electrical Equipment (1.5 billion USD), Optical, Medical Instruments (1.4 billion USD), Aircraft & Spacecrafts (1.3 billion USD), Wood pulp (1 billion USD), Plastics (965 million USD) and Edible Fruits & Nuts (934 million USD).

On the other hand, the Precious Stones & Gems (15 billion USD), Pharma Products (9 billion USD), Machinery, Reactors (4 billion USD), Chemicals (3.5 billion USD), Textiles & Clothing (3.2 billion USD), Electronics Equipment (3 billion USD), Mineral Oils & Fuels (3 billion USD), Fish, shrimps (2.6 billion USD), Vehicles (2.4 billion USD) and Apparel & Clothing (knitted) (2.2 billion USD) were the main US imports from India as per India export data 2021.

Gain Expertise over the USA’s trade intelligence market with Exim GTIS

Exim Global Trade Intelligence System is the best USA’s trade intelligence market platform. It is a cost effective business tool in the market that gives useful metrics for market research. You can explore the shipments records of top US importers and exporters from US companies directory.

Also, you can find global market trends from over 200+ countries import export data reports. It helps you prepare important business decisions and keep you ahead of your competition.

--------------------------------------------------------------
Visit here offical website global import export data provider

Comments

Post a Comment

Popular posts from this blog

Global Washing Machine Market Updates 2021

Image
A washing machine is an electronic gadget that is used to wash clothes. In today's time, washing machines are widely used and become an essential need for every home.   washing machine wash clothes without any physical effort. They have the capability to wash any type of clothes.   As per the market intelligence report of the global import export data provider , If we talk about the global washing machine market growth then we see that in the current fiscal year 2022, the global washing machine market reaches $50 Billion US Dollars.   Acquire the global washing machine market updates for 2021 and examine the global commerce market and boost your product sales.   Due to the high demand for washing machines, big investors are investing their money in the global washing machine market.  At the current time, washing machine manufacturers are manufacturing innovative products that reduce carbon dioxide emission and saves electric power  ...
Read more

Indonesia Wheat Imports Increased by 12% amid global crisis

Image
Global wheat export market is very uncertain. The world is suffering from the wheat shortage due to the abrupted wheat supply from Ukraine amid war with Russia. Similarly, the Indonesian government has enhanced its wheat imports by 12% to overcome future wheat shortage. Indonesia is the leading wheat importer in the world.  As per Indonesia import export data reports, Indonesia's total wheat imports for the financial year 2023 were around 11 million metric tons. The total import value for wheat from Indonesia was 4.69 billion US Dollars in 2022.  On the other hand, it was 4.29 billion US Dollars in 2021. Indonesia import data suggests that  India, Ukraine and Canada are the top exporters of wheat to Indonesia. Indonesia wheat imports from India were estimated to be around 7 million US Dollars in 2022. Experts predict that wheat imports could see an increase of 1.3 million metric tonnes in 2023. According to the Indonesia export data reports, total wheat exports from In...
Read more

India Agricultural exports hit record high $50B in 2022

Image
  According to the India import export data reports, India’s agricultural exports had seen a significant growth in the financial year 2022. In 2022, India’s agricultural exports hit a record high of 50 billion US Dollars. There was around 19% increase in agricultural exports from India as compared to the last year (25 billion US Dollars). Our India export data suggests that basmati rice and sugar were the two major agricultural exports from India worth 25.81 billion US Dollars in 2022. As India exports by country data, the United States, Bangladesh, China, United Arab Emirates, Indonesia, Vietnam and Saudi Arabia were the major importers of Indian agricultural commodities. In this blog, you will get a detailed analysis of the top Agricultural exports from India in 2022. Top Agricultural exports Rice India is the world's leading rice exporter with 21 million metric tons exported every year. Indian rice exports grew by 3.5% as compared to the financial year 2021. Indian basmati ric...
Read more