How to interpret US import data

How to interpret US import data 1

There are many ways you can find US import data. The United States is home to 330million people. Each resident consumes approximately USD 7,300 each year. The SIC code for your product, Exporter name, Product and Freight rate can all be found check here. For those who have any concerns about exactly where and the best way to utilize import export data, you are able to e-mail us at the internet site.

How to interpret US import data 2

SIC code

The SIC Code is an international code that identifies various business activities. Its use allows for better comparison among countries. It has been adopted both by the United States and Canadian statistical agencies. Government analysts can use this code to compare industrial production statistics across the three NAFTA countries. The code can also be used to improve comparability with International Standard Classification System, which was originally created and maintained by United Nations.

HS codes match the five-digit SIC code found in PD Concordances. These concordances may be used to match product categories and imports.

Name of the Exporter

Import Data USA is a comprehensive source of confidential data on the importation of goods to the United States. It contains information such a date of importation, name of consignee and shipper as well as HS code, Product Description and weight of the goods.


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 can also be categorized by geographical region. In addition to this, the importer and exporter can also find data on the weight and quantity of a product.

For businesses who want to compete in the marketplace, import data is crucial. To be more profitable, you will need to know the imports of your competitors and their prices. To do this, you need to have access to the HS code of the products they are importing. It is also important to know the HS code of the product’s Port of Origin and destination port.

Freight rate

The last 18 months have seen freight rates rise rapidly. 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 particularly true for routes such as Shanghai to Los Angeles, where shipping rates have risen by more than eight times.

Container imports bound for the U.S. have fallen 36% since May 24, compared to their peak of 18 months ago. A drop this large would be significant as it indicates that US demand has decreased. However, the ocean freight capacity is still relatively stable. As freight forwarders continue to profit from increased margins, this decrease in container import volumes should be a boon. Truck carriers could, however, begin to feel volume risks.

Seasonal factors

It is important to separate seasonal factors from data outliers when looking at the monthly US import data. Data outliers are unpredictable, introducing additional variation into the data. These outliers are usually present when there is a significant event that interrupts the normal seasonal movement. For example, RPMs were significantly reduced after the terrorist attacks of September 11, 2001. RPMs decreased by 28.4% in September 2001, compared to seasonal expectations. In such cases, the effect of the event will continue to affect the data for years afterward.

It is important to use adjusted values in order to determine seasonal factors. These adjusted values take into account seasonal factors such as weather patterns, roving holidays and institutional factors. To adjust these data, Statistics Canada uses the SAS(r) X12 procedure, which is an adaptation of the U.S. Census Bureau’s X-12-ARIMA Seasonal Adjustment program. When you have any concerns regarding where and how you can use us import data, you could contact us at our own website.