Current year-to-date ( YTD ) data is through May 2020.

Imports: Laser-based machine tools

Laser-based machine tools, the No. 403 import by value totaled $49.53 million for the month of May, $265.79 million through May of 2020, and $831.79 million for all of 2019, 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

RankCountryYTD
1Germany$41.61 M
2Japan$39.96 M
3Switzerland$34.43 M
4Canada$20.1 M
5Italy$19.6 M
6China$19.49 M
7Mexico$13.29 M
8Singapore$10.23 M
9France$9.93 M
10Thailand$9.09 M
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U.S. imports of Laser-based machine tools decreased 26.71 percent through May to $265.79 million

U.S. imports of Laser-based machine tools decreased 26.71 percent from $362.66 million to $265.79 million through the first five months of 2020 when compared to the same period the previous year, according to WorldCity analysis of the latest U.S. Census Bureau data.

The category ranked 403 through May among the roughly 1,265 import commodity groupings as classified by Census. It ranked No. 366 for the last full year with a total value of $831.79 million, a $4.73 million, 0.57 percent decreased from the 2018 total.

Through May of this year the leading sources were No. 1 Germany, No. 2 Japan, No. 3 Switzerland, No. 4 Canada and No. 5 Italy. The leading gateways were No. 1 Port of Newark, No. 2 Port of Los Angeles, No. 3 Port of Virginia, No. 4 Port of Charleston and No. 5 Chicago O’Hare International Airport.

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 China. The leading gateways were No. 1 Port of Newark, No. 2 Port of Virginia, No. 3 Port of Tacoma, Wash., No. 4 Port of Baltimore, Md. and No. 5 Port of Long Beach.

Looking at specific airports, seaports and border crossings, the top five through through the first five months of the year were:

Highlights for the top five ports:

  • Port of Newark fell 60.92 percent compared to last year to $34.57 million.
  • Port of Los Angeles fell 4.11 percent compared to last year to $31.18 million.
  • Port of Virginia fell 18.3 percent compared to last year to $26.82 million.
  • Port of Charleston fell 23.56 percent compared to last year to $21.94 million.
  • Chicago O’Hare International Airport fell 29.23 percent compared to last year to $16.97 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 Germany decreased $33.12 million, 44.32 percent, (15.66 percent market share).
  • U.S. imports from No. 2 Japan decreased $18.21 million, 31.31 percent, (15.03 percent market share).
  • U.S. imports from No. 3 Switzerland decreased $37.56 million, 52.17 percent, (12.95 percent market share).
  • U.S. imports from No. 4 Canada decreased $501,329, 2.43 percent, (7.56 percent market share).
  • U.S. imports from No. 5 Italy decreased $7.25 million, 27 percent, (7.37 percent market share).

All totaled, 58.58 percent of all these Laser-based machine tools imports to the United States were shipped from the top five markets through May of this year. That is equal to $155.7 million of the $265.79 million total.

All totaled, 49.46 percent of all these Laser-based machine tools imports to the United States were shipped to the top five Ports through May of this year. That is equal to $131.47 million of the $265.79 million total