Usa Import Trade Overview 2023

The North American-based country USA is the third largest in the world with a population of 348 million people. Alaska is in the northwestern region accompanied by Hawaii leads to the Pacific Ocean. The country has globally recorded its name as the economic powerhouse due to its extensive economic growth. Factors like massive population, tech industry innovation, and low employment rate are the reasons behind the USA’s growing economy. Along with its rich cultural heritage, the nation is popular for its entertainment led by music, movies, and television.



The expanding economy of the USA is continuously increasing the steady growth of the country’s GDP, a record of $24.1 trillion in 2023. The country emerges as the top trader in the global market with technology, more workforce, and more capital income. The rich natural resources indulge the import trade rate to generate annual revenue of $3 trillion, a growth of 5% from the revenue generation of 2020. The USA Import Data reports that machinery and electrical equipment make up more than half of the annual revenue of generation of import trade value.

Top Ten Importing Products of 2023

The United States of America imports a diverse range of products from different nations, indulging the nation in emerging as the top global import trader of 2023. The top ten imported products of the USA in 2023 are,

1. Electronic equipment (HS code – 85)
Electronic equipment is one of the top imported products of the United States, a part of the highly advancing tech field that continues to contribute to the growing economy. The amount of imported products by the USA from other states is 400 billion US dollars in 2023.

2. Crude Oil (HS code – 15)
Crude oil used in the transport and manufacturing industries for various purposes, is a lead-traded product because of its significance. The import rate of crude oil from other nations accounts for 300 billion US dollars in 2023.

3. Cars and motor vehicles (HS code – 87)
Cars and motor vehicles are an important factor in the transport industry. The entire transportation sector is dependent on these factors for growth in the trade rate. Russia imports cars and motor vehicles worth 200 billion US dollars in 2023.

4. Pharmaceuticals (HS code – 29)
The USA Export Data depicts that the pharmaceuticals exported from various nations to the United States of America had a gross rate of 150 billion US dollars in 2023, capturing the fourth position among the top imported products.

5. Machinery (HS code – 84)
Machinery keeps stability in the growing economy of the United States by catering its benefits to different industrial sectors like mechanical and healthcare. The import value of machinery by the United States of America records 100 billion US dollars in 2023.

6. Furniture (HS code – 94)
With the increasing demand for trendy household decor and interior designs to industrial requirements, furniture has a significant role in the growing economy of the United States. The total amount of furniture imported from other states by the USA accounts for 50 billion US dollars in 2023.

7. Clothing and accessories (HS code – 43)
The fashion industry is thriving globally to meet the latest fashion trends, the United States imports clothing and accessories worth 40 billion US dollars from other nations for more diversity in the year 2023.

8. Organic chemicals (HS code – 29)
Organic chemicals account for 30 billion US dollars of the total import traded value of different products. Organic chemicals being the topmost requirement of agriculture and medical industries tops the list with 8th rank globally.

9. Plastics (HS code – 95)
Plastics contribute 25 billion US dollars to the total revenue of imported products in 2023. The material has great significance in the industrial sector with a variety of purposes like molding and packaging.

10. Iron and steel (HS code – 72)
Iron and steel are top-demand products of mechanical and construction industries, the construction industries require iron and steel-like materials in a large amount for forming the base of any kind of projects. The total import trade value of iron and steel accounts for 20 billion US dollars in 2023.

Top Ten Importing Partners of Usa 2023

The highly diverged economy of the United States depends on the global trade value of its import and export trade for its economic growth. The top ten leading importing partners of the USA in 2023 are mentioned below,

With many other countries, China leads the top importer lists of the USA with its high amount of traded products. It has been ranked as the top importer of the US for the past few years with 482 billion US dollars trade value in 2023.

2. Mexico
Mexico with its bilateral trade agreement with NAFTA holds the second position in the top import partners list of the United States. The products imported from Mexico like organic chemicals and clothing accessories record a value of 358 billion US dollars in 2023.

3. Canada
Canada with its advancing trade reach exported products like furniture and vehicles to the United States worth 310 billion US dollars in 2023.

4. Japan
Japan holds the topmost fourth position in our importing partners list with a traded value of 136 billion US dollars worth of products in 2023. Crude oil and pharmaceuticals are exported at a higher rate from Japan to the USA.

A significant global exporter Germany trades products worth 126 billion US dollars with the USA with top trades like electric equipment and clothing accessories.

6. Brazil
As per the USA trade data, the nation imports products like furniture and organic chemicals from Brazil with a total revenue of 76 billion US dollars.

South Korea is a vital trade partner of the United States of America with imported value of products worth 73 billion US dollars including pharmaceuticals as the top import.

The long-trending economic relationship of the United Kingdom with the United States made the UK hold the eighth position among the top global importers. The import trade value of the United Kingdom is 66 billion US dollars.

9. France
The French imports from the USA were recorded as 56 billion US dollars with products like industrial and motor vehicle equipment.

10. India
Winding up, as per the USA customs data India is the tenth top importing partner of the USA with a trade value of 44 billion US dollars. The trade relations of the diverse nations are getting better with the imports of agricultural resources.

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