Brief Insights of the Usa Import Market in 2024

The import market of the USA is one of the most crucial aspects of the entire economy of the United States of America driven mostly by the limited production capability of the industrial sectors and the overall trade balance maintained with the top trading authorities. USA Export Data says, that with an import trade value of 2.57 trillion US dollars in 2021, the higher consumer base of the nation has kept driving the overall import need leading to an annual increase in the trade percentage. The attractive prospect for businesses around the world is set by the trade firms via proper visualization of the global trade trends.

The driving growth of the increasing consumer base and the trade deficit fostered by the growing export market has made the country record an annual import trade value of 3.1 trillion US dollars in 2024. Import Globals with its USA Trade Data highlights the regional shipments of the most attractive foreign trade firms of the pricing strategies adopted by the agreements for helping the business owners expand their business worldwide by the proper analysis of the growing interest rate of the competitors in the global market.

TOP 10 IMPORTS OF USA IN 2024

The country being one of the largest and most influential economies across the globe has established itself as the reputed import destination worldwide. As per the USA Import Data, the top 10 imported goods of the nation in 2024 are,

  • Electronic equipment — Import trade valuation of Electronic equipment in USA 2024–600 billion US dollars
  • Crude oil– Import trade valuation of Crude oil in USA 2024 –400 billion US dollars
  • Vehicles — Import trade valuation of Vehicles in USA 2024–300 billion US dollars
  • Pharmaceuticals — Import trade valuation of Pharmaceuticals in USA 2024–200 billion US dollars
  • Machinery — Import trade valuation of Machinery in the USA 2024–187 billion US dollars
  • Medical instruments — Import trade valuation of Medical instruments in USA 2024–154 billion US dollars
  • Plastics — Import trade valuation of Plastics in USA 2024–127 billion US dollars
  • Gems and precious metals — Import trade valuation of Gems and precious metals in USA 2024–100 billion US dollars
  • Iron and steel — Import trade valuation of Iron and steel in USA 2024–87 billion US dollars
  • Organic chemicals — Import trade valuation of Organic chemicals in USA 2024–71 billion US dollars

TOP 10 IMPORT TRADE PARTNERS OF USA IN 2024

The attractive pricing strategies adopted by the trade firms for a conceptualized growth of the trade relations with the leading trade authorities have fostered the annual valuation of the import market. As per the USA Trade Data, the top 10 import trade partners of the nation in 2024 are,

  • China — The valuation of the goods imported into the USA from China in 2024–720 billion US dollars

TOP IMPORTED GOODS

1. Electrical machinery and equipment

2. Machinery and mechanical appliances

3. Vehicles and automotive parts

4. Mineral fuels and oils

5. Pharmaceutical products

  • Mexico — The valuation of the goods imported into the USA from Mexico in 2024–524 billion US dollars

TOP IMPORTED GOODS

1. Optical and medical instruments

2. Plastics and plastic articles

3. Organic chemicals

4. Iron and steel products

5. Furniture and bedding

  • Canada — The valuation of the goods imported into the USA from Canada in 2024–387 billion US dollars

TOP IMPORTED GOODS

1. Toys, games, and sporting goods

2. Apparel and clothing accessories (knit or crochet)

3. Footwear

4. Articles of iron or steel

5. Aluminum and aluminum articles

  • Japan — The valuation of the goods imported into the USA from Japan in 2024–287 billion US dollars

TOP IMPORTED GOODS

1. Aircraft and spacecraft

2. Ships, boats, and floating structures

3. Rubber and rubber articles

4. Paper and paperboard

5. Cereals

  • Germany — The valuation of the goods imported into the USA from Germany in 2024–245 billion US dollars

TOP IMPORTED GOODS

1. Coffee, tea, and spices

2. Edible fruits and nuts

3. Fish and seafood

4. Meat and edible meat offal

5. Dairy products

  • South Korea — The valuation of the goods imported into the USA from South Korea in 2024–178 billion US dollars

TOP IMPORTED GOODS

1. Vegetables

2. Sugars and sugar confectionery

3. Cocoa and cocoa preparations

4. Beverages, spirits, and vinegar

5. Prepared foodstuffs

  • United Kingdom — The valuation of the goods imported into the USA from the United Kingdom in 2024–165 billion US dollars

TOP IMPORTED GOODS

1. Animal or vegetable fats and oils

2. Salt, sulfur, earth, and stone

3. Ores, slag, and ash

4. Mineral fuels, mineral oils, and products of their distillation

5. Inorganic chemicals

  • India — The valuation of the goods imported into the USA from India in 2024–145 billion US dollars

TOP IMPORTED GOODS

1. Photographic or cinematographic goods

2. Explosives and pyrotechnic products

3. Fertilizers

4. Tanning or dyeing extracts

5. Essential oils and resinoids

  • Vietnam — The valuation of the goods imported into the USA from Vietnam in 2024–98 billion US dollars

TOP IMPORTED GOODS

1. Modified starches

2. Glues and adhesives

3. Prepared glues and adhesives

4. Waxes

5. Casein and caseinates

  • Taiwan — The valuation of the goods imported into the USA from Taiwan in 2024–82 billion US dollars

TOP IMPORTED GOODS

1. Albumins

2. Gelatin and derivatives

3. Peptones and derivatives

4. Dextrins and other modified starches

5. Enzymes

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