Current data is through December 2019.

Imports: Electromagnets, permanent magnets and parts

Electromagnets, permanent magnets and parts, the No. 333 import by value totaled $79.31 million for the month of December, $1.01 billion through December of 2019, and $1.1 billion for all of 2018, the latest annual data available, according to U.S. Census Bureau data analyzed by WorldCity. Need more details? Read more

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Top Sources

RankCountry2019
1China$439.62 M
2Japan$98.46 M
3Mexico$98.11 M
4Germany$90.63 M
5South Korea$42.55 M
6Italy$27.5 M
7United Kingdom$26.5 M
8France$20.71 M
9Philippines$20.58 M
10Switzerland$14.86 M
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U.S. imports of Electromagnets, permanent magnets and parts decreased 7.84 percent through December 2019 to $1.01 billion

U.S. imports of Electromagnets, permanent magnets and parts decreased 7.84 percent from $1.1 billion to $1.01 billion in 2019 when compared to 2018, according to WorldCity analysis of the latest U.S. Census Bureau data.

The category ranked 333 in 2019 among the roughly 1,265 import commodity groupings as classified by Census. It ranked No. 322 for the last full year with a total value of $1.1 billion, a $157.47 million, 16.70 percent increase from the 2017 total.

Through December 2019 the leading sources were No. 1 China, No. 2 Japan, No. 3 Mexico, No. 4 Germany and No. 5 South Korea. The leading gateways were No. 1 Port of Los Angeles, No. 2 Port of Newark, No. 3 Port of Long Beach, No. 4 Port Laredo and No. 5 Chicago O’Hare International Airport.

In the last previous full year, the leading sources were No. 1 China, No. 2 Japan, No. 3 Germany, No. 4 Mexico and No. 5 South Korea. The leading gateways were No. 1 Port of Los Angeles, No. 2 Port of Long Beach, No. 3 Chicago O’Hare International Airport, No. 4 Port of Newark and No. 5 Port Laredo.

Looking at specific airports, seaports and border crossings, the top five in 2019 were:

Highlights for the top five ports:

  • Port of Los Angeles rose 3.87 percent to $209.38 million.
  • Port of Newark fell 0.63 percent to $86.24 million.
  • Port of Long Beach fell 41.67 percent to $73.57 million.
  • Port Laredo rose 49.19 percent to $68.53 million.
  • Chicago O’Hare International Airport fell 35.42 percent to $66.81 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 markets:

  • U.S. imports from No. 1 China decreased $39.58 million, 8.26 percent, (43.35 percent of all shipments).
  • U.S. imports from No. 2 Japan decreased $36.63 million, 27.12 percent, (9.71 percent market share).
  • U.S. imports from No. 3 Mexico increased $21.2 million, 27.56 percent, (9.68 percent market share).
  • U.S. imports from No. 4 Germany decreased $18.89 million, 17.25 percent, (8.94 percent market share).
  • U.S. imports from No. 5 South Korea increased $7.08 million, 19.97 percent, (4.2 percent of all shipments).

All totaled, 75.87 percent of all these Electromagnets, permanent magnets and parts imports to the United States were shipped from the top five markets in 2019. That is equal to $769.38 million of the $1.01 billion total.

All totaled, 49.75 percent of all these Electromagnets, permanent magnets and parts imports to the United States were shipped to the top five Ports in 2019. That is equal to $504.54 million of the $1.01 billion total.