Want to know the top 3 US imports for 2016?
Do you think these numbers will remain the same for 2017 during Trump’s presidency?
Or do you have a feeling this will drastically change because of his protectionism policy?
Whatever reason you may have for wanting to know more about US imports, we are here to give you the facts. So let’s begin our journey.
US Imports – 2nd largest in the world
The USA remains to be one of the biggest importers in the world. In 2016 alone, it had $2.7 trillion imports of both goods and services. This makes it the second largest importers after the European Union (EU).
It’s major imports consists of the following:
- Electrical machinery, equipment
- Machinery including computers
- Vehicles
- Mineral fuels including oil
- Pharmaceuticals
- Optical, technical, medical apparatus
- Gems, precious metals
- Furniture, bedding, lighting , signs, prefab buildings
- Plastics, plastic articles
- Organic chemicals
Top 10 US imports
This represents two-thirds of the overall value of American product purchases from other countries, mostly coming from China, Canada, Mexico, Japan, Germany, South Korea, United Kingdom, France, India, Italy.
Electronics
US imports of electrical machinery and equipment reached as much as US$336 billion or an equivalent of 14.9% of total imports last year. Included in this list are the following:
- Phone system devices including smartphones: US$104.9 billion
- Integrated circuits/microassemblies: $30.8 billion
- TV receivers/monitors/projectors: $23.4 billion
- Insulated wire/cable: $19.4 billion
- Electrical converters/power units: $14.2 billion
- Solar power diodes/semi-conductors: $13.9 billion
- TV receiver/transmit/digital cameras: $10.6 billion
- Electrical/optical circuit boards, panels: $10.6 billion
- Lower-voltage switches, fuses: $10.5 billion
- Electric motors, generators: $9 billion
Major US imports: Electronics
Among these set of electronic items, US purchased of solar power diodes and semiconductors for the year skyrocketed to a 191.9% increase, electrical and optical circuit boards and panels to 136.8% and insulated wire cables to 117.2%. Nevertheless, phone systems including smartphones remains to be the number one US import under this category.
Phones for Cellular Networks US imports
Apple, Samsung, Motorola, LG, and LGC are just some of the best selling mobile brand names in the US. Due to increased demand for these units, it resulted to a 3.48% jump in imports of cellular networks. From only $5,757,998,289 on 2015, cellular network imports of the USA has increased to $6,662,789,191. Most of which involve these companies:
- Zte Usa
- Microsoft Mobility
- Amgoo America Llc
- G Touch Llc
- Cisco Systems International
These cellular phones are imported mostly from the following regions:
- China
- South Korea
- Vietnam
- Taiwan
- Malaysia
Country of origin of mobile phone US imports
This is amidst mobile phone manufacturers industry in the US such as Apple, Blu Products, Google, HP, and InFocus. With higher import taxes to be implemented by the Trump government, do we see a decline for the above mentioned product names? Or do we still continue a clamor for these phones?
Let’s wait and see.
Processors, Controllers and Electronic Integrated Circuits
The following companies are the major importers of processors, controllers and electronic integrated circuits:
- Bai Ltd Somi
- Lego System Inc
- Sumitomo Electric Wiring
- Oemxs
- Webasto Roof Systems
These were imported from Malaysia, Vietnam, Ireland, China and Taiwan where labor force is cheap.
Alt: Country of origin of electronics US Imports
Title:Country of origin of electronics US Imports
Caption:Country of origin of electronics US Imports
Reception Apparatus For Television, Color, Nesoi
With US companies associated with the manufacture of TV receivers, monitors, and projectors imports for reception apparatus for television, color and nesoi has also increased to 17.26% between 2015 – 2016. Major importers of these items include:
- Funai Corporation Inc
- Lg Electronics Usa Inc
- Hisense Usa Corp
- Pf Usa Inc
- Widtron Corp
Most of which comes from the following countries Mexico, China, Thailand, Japan and Hong Kong.
Minimum wage per hour of workers in Ireland, Taiwan, Malaysia, China and Vietnam
Machinery including computers: $315.4 billion (14%)
Next in the list of top US imports is machinery. This includes computers and optical readers which tops the list.
- Computers, optical readers: US$77.7 billion
- Turbo-jets: $21.9 billion
- Printing machinery: $17.3 billion
- Computer parts, accessories: $16.3 billion
- Taps, valves, similar appliances: $13.8 billion
- Piston engines: $11.1 billion
- Air or vacuum pumps: $10.3 billion
- Liquid pumps and elevators: $9.6 billion
- Piston engine parts: $9.3 billion
- Refrigerators, freezers: $8.7 billion
Among these US imports, piston engines increased to 108.2%, refrigerators and freezers of up to 84.2%, liquid pumps and elevators of up 82.4% and piston engine parts of up to 80.9%.
Major machinery US imports
Computer and optical readers US imports
China still tops the list of countries importing computer and optical readers into the US. Major importers include:
- Dell Computer
- Lenovo Mixed Bp
- Hp Inc C O Xpologistics
- Acer America Corporation
- Dell Products Lp
Major companies importing optical readers and computers into Australia
Turbojets and turbo propellers US Imports
France, Japan, Canada, Germany and the United Kingdom lead the countries that exports turbojets and turbo propellers into the US. These are important accessories to various equipment and systems used in various industries including:
- Agriculture
- Aviation
- Manufacturing
- Mining
- Transporation
Major importers of these items include:
- Burlington Coat Factory Warehouse Corporation
- Carmel Forge Usa Inc
- Gkn Aerospace Engine Systems
- Yonir Technologies Inc
- Gt Ice Llc
Major companies importing turbojets and turbo propellers into Australia
Printing Machinery US imports
Various printing machinery are imported to the US last 2016. This includes:
- Offset Printing Machinery, Reel-fed and Nesoi
- Letterpress Print Mach,
- Flexographic Printing Machinery
- Gravure Printing Machinery
- Textile Printing Machinery
- Printers, copiers, fax Mach
- Laser Printers
- Ink Jet Printers
Most of which comes from China, Japan, Malaysia, Thailand and Vietnam.
Countries exporting printing machines into the US
Passenger Motor Vehicles US Imports
Vehicles are on the top three of the most imported products of the US. The data below shows the details:
- Cars: US$173.3 billion
- Automobile parts/accessories: $66.6 billion
- Trucks: $25.2 billion
- Tractors: $8.2 billion
- Trailers: $3.1 billion
- Motorcycles: $2.1 billion
- Bicycles, other non-motorized cycles: $1.5 billion
- Motorcycle parts/accessories: $1.4 billion
- Public-transport vehicles: $967.9 million
- Automobile bodies: $923.9 million
Major vehicles imported into the US
However it is interesting to note that among these import subcategories, trucks which is up 216.9%, trailers which is up 212.8% and automobile parts or accessories which is up 122.8% are the fast pace import growers for the year.
Passenger Motor Vehicle imports (cylinder CAP >1500cc, <3000cc)
The Passenger Motor Vehicle imports (cylinder CAP >1500cc, <3000cc) of the USA has increased $9,137,042,792 compared to 2016’s import of $8,999,424,296. This a 4.78% jump and involves major car importing companies such as:
- Maia Gigauri Claire
- 7im Motors
- Nissan North America Inc
- Tropical Shipping
- Tc Auto And Sales
These cars are imported mostly from the following regions:
- Japan
- Mexico
- Germany
- Canada
- South Korea
Country of Origin – Car US imports cylinder CAP >1500cc, <3000cc
Passenger motor vehicles (cylinder CAP >3000cc)
Another class of passenger motor vehicles (cylinder CAP >3000cc) shows increase import of 2.49 percent. This includes other car companies like:
- Lotus Cars Usa Inc
- Aston Martin Lagonda
- Ford Motor Company
- Gomez Hermanos Kennedy Inc
- Porsche Motorsport North America In
However, these companies import their goods from these countries:
- Canada
- Japan
- Germany
- United Kingdom
- South Korea
Country of Origin – Car US imports
However, with Trump’s withdrawal of the Trans Pacific Partnership and Trade Protectionism Policy we are unsure if this numbers will continue to grow for the year 2017. Click here to learn more about Trump’s withdrawal of the TPP and its effect on the US economy.
The Future of US Imports under Trump
The US imports has shown an increasing rate during the past year, but with Trumps governance it may come to a halt.
How this will make an impact to the overall trade of the USA remains uncertain. Right now, the fluctuating stock market and foreign currencies is a sign that investors are indefinite if they will or will not support Trump.
While we await the permanent results of Trump’s policies and executive orders, we are more than happy to assist you in moving your goods to and from the USA. Share your online queries or simply fill out our online quote form to receive unlimited and free quotes without the hidden charges.
