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Showing posts with the label US bill of lading database

USA dethrones China as ASEAN's leading export destination

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  According to the latest Asian countries import export data , the USA has emerged as the biggest trading partner with ASEAN (Association of Southeast Asian Nations). These include Burma, Brunei, Philippines, Vietnam, Singapore, Malaysia, Indonesia, Thailand, Cambodia, Laos and Brunei.  As per the latest US import data of 2024, the imports from ASEAN countries were estimated to be $67 billion exceeding Chinese imports which were $55 billion in the first quarter of 2024. USA was the leading destination for ASEAN countries semiconductors and electrical equipment.   Machine parts, furniture, rubber items and computers were the key imports of the USA from ASEAN nations. Among ASEAN nations, Malaysia has shown rapid growth in exports to the United States with an increase of 8%. On the other hand, Chinese exports to Malaysia declined to 3.2%.  US bill of lading database suggests that around $35 billion worth of imports from Malaysia recorded in FY 2023. These were m...

USA's Agricultural & Poultry Market: Stats & Figures

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  Agriculture and poultry are the major revenue driven industries of the USA. Some of the leading agricultural exports of the USA are grains, soybeans, corn, fruits, vegetables, tree nuts and livestock products. In 2023, the USA's overall agricultural exports remained at $178 billion. Further, according to the experts, the USA's agricultural exports might see a fall to $170 billion in 2024.  According to the US import export data , the country's agricultural exports hit an all time high of $196 billion in 2022. China remained the biggest market for USA's agricultural exports with a record 19% market share. China's major interest came in the USA's soybeans, beef and cotton items. Along with China, Canada, Mexico and Japan were other significant markets. Soybeans are the top revenue generating commodity for the USA. In 2023, the exports of soybeans from the USA were recorded to be $28 billion. Although, there was a steep decline of 18% in the USA’s soybeans export...