Import Globals

The United States is one of the strongest players in the global market in both Import and Export trades. In 2023, According to USA Import Data, the total value of USA's imports and exports by 2023 is reached to $6 trillion. This data shows an increase from the last years trade due to country strong economic growth. USA have a total population of over 341 million people in 2023. The GDP of the United States was recorded $24 trillion in 2023. USA's GDP is expected to continue its upward trend in 2024.

The USA has successfully retained its position in one of the top three importing countries. Its strong economic growth and high demand of consumers goods enables it as a model market for importing goods from all over the world. Moreover, a continuous effort to improve trade relations with other countries through free trade agreements and negotiations on tariffs, the USA will continue to maintain its strong import rank in the years to come.

China dominates as a leading supplier of United States in 2023. China export nearly 20% of wide range of products to US. It includes electronics products, machinery equipment’s and parts , furniture, clothing, textiles and more.   Mexico and Canada due to their geographical proximity have long been important trading partners for the US as well as their participation in NAFTA (North American Free Trade Agreement). Together (Mexico and Canada) they account for approx.19% of total US imports. While both countries mainly supply automobiles and petroleum products to the US market currently, there may be more opportunities in the coming year 2024 for other industries such as agriculture or technology to grow in this partnership.