How to interpret US import data

There are many ways you can find US import data. In the United States, there are 330 million people, and that means every resident is consuming USD 7,300 worth of product each year. The SIC code for your product, Exporter name, Product and Freight rate can all be found here. When you have any queries regarding where by in addition to how you can utilize trade data, you are able to call us on our web site.

How to interpret US import data 2

SIC code

The SIC Code is an international code that identifies various business activities. It is used to allow for better comparison between countries. It has been accepted by the United States government as well as Canadian and Mexican statistics agencies. By using this code, government analysts can easily compare industrial production statistics in the three NAFTA countries. Additionally, the code offers improved comparability with the International Standard Classification System, which was originally developed and maintained by the United Nations.

HS codes can be matched with the five-digit SIC number in PD concordances. These concordances can be used to match product classes and imports.

Name of the exporter

Import Data USA offers a wide range of confidential data about imports to the United States. It includes information such as the date and destination of import, name of shipper and consignee, HS code and Product Description, weight, quantity and many other details.


The US Customs and Border Protection collects information from import sources and uses this data to analyze trade patterns. The US import data is organized by HS code and contains details on the shipper, consignee, and product description. It is also categorized by geographic region. The importer or exporter can also access data about the product’s weight and quantity.

If you want to have a competitive advantage in the marketplace, it is important that your business has accurate import data. You will be more profitable if you know read what he said your competitors import and read what he said they pay. Access to the HS codes of the products you are interested in importing is necessary. It is important to have the HS codes of the Port of Origin and Destination ports of each product.

Freight rate

For the past 18 months, freight rates have seen a rapid increase. Since the start of the pandemic, the average freight rate for US imports has increased by an entire percentage point. This is due in part to rising shipping costs from Asia as compared with Europe and Latin America. This is especially true on routes like Shanghai to Los Angeles, where shipping prices have increased eight-fold.

Container imports bound to the U.S. since May 24 have dropped 36% from the peak in the past 18 months. A drop this large would be significant as it indicates that US demand has decreased. But at the same time, ocean freight capacity remains relatively stable. This decline in container import volumes will help freight forwarders as they will continue to benefit from expanded margins. Truck carriers could, however, begin to feel volume risks.

Seasonal factors

When interpreting monthly US import data data changes, it is important that you distinguish between data outliers and seasonal factors. Data outliers introduce more variation to the data because they are unpredictable. These outliers are usually present when there is a significant event that interrupts the normal seasonal movement. The September 11, 2001 terrorist attacks caused a dramatic drop in RPMs. The month-over-month change in RPMs during September 2001 was 28.4% below seasonal expectations. In such cases, the effect of the event will continue to affect the data for years afterward.

To estimate seasonal factors, it is necessary to look at the data using adjusted values. These adjusted values include seasonal factors like weather patterns, roving holiday and institutional factors. Statistics Canada applies the SAS(r) X12 procedure to adjust the data. This is an adaptation from the X-12 ARIMA Seasonal Adjustment Program of the U.S. Census Bureau. If you have any concerns concerning where and ways to make use of import export data, you could contact us at the page.