Imports: Metal-finishing tools
U.S. imports of Metal-finishing tools decreased 5.33 percent through August to $323.39 million.
Top Sources
| Rank | Country | YTD |
|---|---|---|
| 1 | Germany | $78.53 M |
| 2 | Switzerland | $71.87 M |
| 3 | Japan | $41.66 M |
| 4 | Italy | $17.14 M |
| 5 | Taiwan | $16.25 M |
| 6 | Czech Republic | $15.63 M |
| 7 | United Kingdom | $12.21 M |
| 8 | Australia | $11.44 M |
| 9 | China | $10.16 M |
| 10 | Thailand | $10.05 M |
Top Gateways
| Rank | Port | YTD |
|---|---|---|
| 1 | Port of Baltimore, MD | $66.09 M |
| 2 | Port of Los Angeles | $54.56 M |
| 3 | Port of Newark | $52.13 M |
| 4 | Port of Charleston | $34.24 M |
| 5 | Port of Virginia | $22.89 M |
| 6 | Port of Houston | $13.72 M |
| 7 | Port of Savannah, GA | $9.25 M |
| 8 | Port of Philadelphia | $8.68 M |
| 9 | Port of Long Beach | $8.18 M |
| 10 | Port of Chicago land-based cargo | $4.73 M |
Top markets Metal-finishing tools
Total:
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Metal-finishing tools by port
Total:
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U.S. imports of Metal-finishing tools decreased 5.33 percent through August to $323.39 million
The category ranked 534 through August among the roughly 1,265 import commodity groupings as classified by Census. It ranked No. 525 for the last full year with a total value of $510.93 million, a $12.54 million, 2.52 percent increase from the 2023 total.
Through August of this year the leading sources were No. 1 Germany, No. 2 Switzerland, No. 3 Japan, No. 4 Italy and No. 5 Taiwan. The leading sources were No. 1 Port of Baltimore, MD, No. 2 Port of Los Angeles, No. 3 Port of Newark, No. 4 Port of Charleston and No. 5 Port of Virginia.
In the last previous full year, the leading sources were No. 1 Germany, No. 2 Switzerland, No. 3 Japan, No. 4 Italy and No. 5 Taiwan. The leading sources were No. 1 Port of Newark, No. 2 Port of Baltimore, MD, No. 3 Port of Los Angeles, No. 4 Port of Virginia and No. 5 Port of Savannah, GA.
Looking at specific airports, seaports and border crossings, the top five through the first eight months of the year were:
Highlights for the top five ports:
- Port of Baltimore, MD rose 18.81 percent compared to last year to $66.09 million.
- Port of Los Angeles rose 12.78 percent compared to last year to $54.56 million.
- Port of Newark fell 36.33 percent compared to last year to $52.13 million.
- Port of Charleston rose 102.64 percent compared to last year to $34.24 million.
- Port of Virginia fell 6.08 percent compared to last year to $22.89 million.
There are several hundred airports, seaports and border crossings that handle international trade; they are, in turn, part of the roughly four dozen U.S. Customs districts.
Highlights for the top five foreign sources:
- U.S. imports from No. 1 Germany decreased $12.43 million, 13.66 percent, (24.28 percent market share).
- U.S. imports from No. 2 Switzerland increased $12.55 million, 21.15 percent, (22.22 percent market share).
- U.S. imports from No. 3 Japan increased $1.85 million, 4.65 percent, (12.88 percent market share).
- U.S. imports from No. 4 Italy decreased $6.57 million, 27.71 percent, (5.3 percent market share).
- U.S. imports from No. 5 Taiwan decreased $3.05 million, 15.82 percent, (5.02 percent market share).
All totaled, 69.71 percent of all these Metal-finishing tools imports to the United States were shipped from the top five sources through August of this year. That is equal to $225.44 million of the $323.39 million total.
All totaled, 71.09 percent of all these Metal-finishing tools imports to the United States were shipped to the top five Ports through August of this year. That is equal to $229.9 million of the $323.39 million total.