Special Report

 

The U.S. Market for Imports

A Study of Goods Imported into the U.S. , their Origins and Forecast to 2012

140 Pages
95 Figures
84 Tables
Published May 2008

Price: $999.00 USD download as a PDF file (requires Adobe Acrobat Reader)

 

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Where we've been and where we're going...

The world’s economy is more intertwined each year. The globalization of trade that has taken off over the last quarter century is ever expanding and has resulted in more trade between countries.

Globalization is bringing about lots of change. Business must adapt to and exploit this change or risk being put out of business.

A business exists and is driven by the decisions of management. The better the decision the greater the likelihood that the business will thrive in its market. Better decisions are rendered with better information. An enlightened management decision based on fact and strategy is preferable to a guess.

Market studies are a tool to provide better information to management, or indeed anyone with a stake in a business’s outcome, to render those better decisions.

This study is an overview of the market for imports into the United States, what is imported, how much, from where and most importantly where is the market going.

For U.S. based manufacturers, this study is a tool to determine threats from imports in their markets as well as opportunities for identifying where outsourcing opportunities exist for their products, subassemblies or material.

For Non-U.S. based manufacturers, this study identifies the size and growth rates of potential markets for their products, whether it is worth pursuing sales in the U.S. or not.

For investors and financial concerns, this study indicates the trends in import markets for goods that are the lifeblood of your investments

Summary

• The United States imported $1.9 trillion in goods in 1997

• Over the last 10 years the growth rate in imported goods has averaged 8.4%

• The United States will import $2.9 trillion in goods in 2012.

Market Overview

• Global Change and Globalization – The global political changes of the last quarter century has created great economic changes resulting in globalization of goods.

• The U.S. Economy - is the world’s largest at just under $14 trillion in 1997. It has enjoyed an average growth rate of 5.2% compound annual growth rate (CAGR); however, the U.S may be headed into recession. This will weaken, but certainly not stop imports.

• U.S. manufacturing – is alive and well, but is undergoing change. U.S. manufacturing out sources its lower value added products, assemblies and material, retaining the higher value added product.

Market Segments

• The United Nations Standard Industry Trade Classification (SITC) system is broadly divided into 10 different sections each representing a different type of economic activity:

0 - Food and live animals
1 - Beverages and tobacco
2 - Crude materials, inedible, except fuels
3 - Mineral fuels, lubricants and related materials
4 - Animal and vegetable oils, fats and waxes
5 - Chemicals and related products, n.e.s.
6 - Manufactured goods classified chiefly by material
7 - Machinery and transport equipment
8 - Miscellaneous manufactured articles
9 - Commodities and transactions not classified elsewhere in the SITC

Trading Partners

• Top 5 partners – China, Canada, Mexico, Japan and Germany are the top 5 trading partners in goods to the United States

• China has overtaken Canada – as the top importer of goods to the U.S.

• Germany, Japan and to a certain extent Canada – retain their competitiveness not through lower costs but by concentrated on high value added product.

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