US Import Data – How Low-Wage Countries Affect US Imports and Exports

US Import Data – How Low-Wage Countries Affect US Imports and Exports

There is a wealth of information available, regardless of whether you are looking to find out how low-wage country affect U.S. exports, or what the costs of shipping goods into America. Trademo Intel’s platform gives you access to US import data via the ocean. This allows you to easily analyze millions upon millions of shipment transactions. For those who have almost any questions about exactly where and how to use importers data, it is possible to call us in our web site.

Information about U.S. Imports

The United States can provide a wealth information from many sources about its imports and exports. The Journal of Commerce’s Port Import Export Reporting Service (PIERS) reports detailed data on waterborne cargo, including containerized goods by tonnage and TEU. The PIERS data differs greatly from official U.S. trade statistics in that it includes data about transshipment activity and shipments that aren’t included in official U.S. trade statistics.

The United States doesn’t require any information on imports or exports below an acceptable threshold. However, other countries might require such information. Different countries might use different methods to determine which country the shipment originated from. For example, the Mexican Customs only required reporting of one country of origin and attributed the total value to that country. However, U.S. exports to Mexico and China only made up a small proportion of total U.S. imported.

Information about low-wage import penetration in low-wage countries

A growing body of research examines the effects of low-wage competition on domestic activity, particularly in manufacturing sectors. Using data for 230 Italian manufacturing sectors from 1995 to 2007, the authors find that low-wage country import penetration is negatively related to employment and other measures of activity. These effects are less in R&D and capital sectors, as well as skill-intensive ones. The authors also found that low-wage import penetration in low-wage countries is positively associated with employment in upstream as well as downstream industries.

Information on shipping to the U.S.

The cost of shipping goods to the U.S. is a huge consideration for Discover More firms that import and purchase exported goods from abroad. According to the World Bank shipping costs can amount to up to one-fifth to the overall cost. Multiple costs are involved in shipping goods. These include container fees, packaging material, terminal handling and broker fees. These are some of the factors that will help you understand the cost of shipping goods to the U.S.

Remember that tariffs and Discover More duties are not the same across borders when exporting goods to other countries. The duty and tax rates for imports vary by country. It is therefore important to consult the Harmonized tariff Schedule to see the rates applicable to your country. The U.S. Government Publishing Office offers an annotated loose leaf version of the Harmonized Tariff Schedule. For a comparison of rates, visit the International Trade Commission website.

If you have any sort of concerns pertaining to where and how you can make use of customs records, you could call us at the web site.