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

Imports: Lathes for removing metal

Lathes for removing metal, the No. 338 import by value totaled $57.36 million for the month of June, $432.43 million through June of 2020, and $1.18 billion 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
1Japan$205.83 M
2South Korea$66.76 M
3Germany$50.68 M
4Taiwan$38.88 M
5Thailand$21.15 M
6Italy$21.08 M
7China$10.98 M
8Switzerland$5.29 M
9Spain$3.9 M
10Austria$1.94 M
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U.S. imports of Lathes for removing metal decreased 26.91 percent through June to $432.43 million

U.S. imports of Lathes for removing metal decreased 26.91 percent from $591.6 million to $432.43 million through the first six 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 338 through June among the roughly 1,265 import commodity groupings as classified by Census. It ranked No. 304 for the last full year with a total value of $1.18 billion, a $37.67 million, 3.29 percent increase from the 2018 total.

Through June of this year the leading sources were No. 1 Japan, No. 2 South Korea, No. 3 Germany, No. 4 Taiwan and No. 5 Thailand. The leading gateways were No. 1 Port of Los Angeles, No. 2 Port of Newark, No. 3 Port of Savannah, Ga., No. 4 Port of Virginia and No. 5 Port of Long Beach.

In the last previous full year, the leading sources were No. 1 Japan, No. 2 South Korea, No. 3 Taiwan, No. 4 Germany and No. 5 Thailand. The leading gateways were No. 1 Port of Los Angeles, No. 2 Port of Newark, No. 3 Port of Savannah, Ga., No. 4 Port of Virginia and No. 5 Port of Long Beach.

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

Highlights for the top five ports:

  • Port of Los Angeles fell 39.11 percent compared to last year to $134.5 million.
  • Port of Newark fell 25.23 percent compared to last year to $73.75 million.
  • Port of Savannah, Ga. fell 28.86 percent compared to last year to $53.5 million.
  • Port of Virginia rose 16.17 percent compared to last year to $52.95 million.
  • Port of Long Beach fell 23.22 percent compared to last year to $29.27 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 Japan decreased $81.78 million, 28.43 percent, (47.6 percent market share).
  • U.S. imports from No. 2 South Korea decreased $63.37 million, 48.7 percent, (15.44 percent market share).
  • U.S. imports from No. 3 Germany increased $17.74 million, 53.85 percent, (11.72 percent market share).
  • U.S. imports from No. 4 Taiwan decreased $18.58 million, 32.33 percent, (8.99 percent market share).
  • U.S. imports from No. 5 Thailand decreased $9.09 million, 30.05 percent, (4.89 percent market share).

All totaled, 88.64 percent of all these Lathes for removing metal imports to the United States were shipped from the top five markets through June of this year. That is equal to $383.3 million of the $432.43 million total.

All totaled, 79.55 percent of all these Lathes for removing metal imports to the United States were shipped to the top five Ports through June of this year. That is equal to $343.98 million of the $432.43 million total