{"id":18120,"date":"2019-02-15T17:05:37","date_gmt":"2019-02-15T17:05:37","guid":{"rendered":""},"modified":"2024-08-03T16:26:14","modified_gmt":"2024-08-03T16:26:14","slug":"united-states","status":"publish","type":"imports","link":"https:\/\/www.tradefinanceglobal.com\/imports\/united-states\/","title":{"rendered":"Importing from the United States"},"content":{"rendered":"\n
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\n Importing from the United States <\/h2>\n
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Last updated on 03 Aug 2024<\/div>\n
15 Feb 2019 . 2 min read<\/div>\n <\/div>\n <\/div>\n <\/div>\n\n\n
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US Trade Quick Links<\/h4>\n <\/div>\n
\n \n Importing from the US <\/a>\n \n Exporting to US <\/a>\n \n Importing from Canada <\/a>\n \n Exporting to Canada <\/a>\n \n Trade Finance \u2013 US <\/a>\n \n Invoice Finance \u2013 US <\/a>\n \n Export Credit Agency \u2013 US <\/a>\n \n Export Credit Agency \u2013 Canada <\/a>\n <\/div>\n<\/div><\/div>\n\n\n\n
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US Country Profile<\/h3>\n

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Official Name (Local Language) United States of America
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Capital Washington, DC
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Population 323,995,528<\/strong><\/p>\n

Currency US Dollar
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GDP $18,560 billion<\/strong><\/p>\n

Languages English<\/strong><\/p>\n

Telephone Dial In 1<\/strong><\/p>\n<\/div><\/div>\n\n\n\n

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US Exports Profile<\/h3>\n

Exports ($m USD) 1,545,609<\/strong><\/p>\n

Number of Export Products 4,523<\/strong><\/p>\n

Number of Export Partners 224<\/strong><\/p>\n

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USA Economic Statistics<\/h2>\n\n\n\n



Government Website<\/strong><\/td>		https:\/\/www.usa.gov\/<\/a><\/td><\/tr>
Sovereign Ratings<\/strong><\/td>https:\/\/countryeconomy.com\/ratings\/usa<\/a><\/td><\/tr>
Central Bank<\/strong><\/td>Board of Governors of the Federal Reserve<\/td><\/tr>
Currency USD Exchange Rate<\/strong><\/td> <\/td><\/tr>
Unemployment Rate<\/strong><\/td>4.7%<\/td><\/tr>
Population below poverty line<\/strong><\/td>15.1%<\/td><\/tr>
Inflation Rate<\/strong><\/td>1.3%<\/td><\/tr>
Prime Lending Rate<\/strong><\/td>3.5%<\/td><\/tr>
GDP<\/strong><\/td>$18,560 billion
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GDP Pro Capita (PPP)<\/strong><\/td>$57,300<\/td><\/tr>
Currency Name<\/strong><\/td>US Dollar
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Currency Code<\/strong><\/td>USD<\/td><\/tr>
World Bank Classification<\/strong><\/td>High Income
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Competitive Industrial Performance<\/strong><\/td>3\/138
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Corruption Perceptions Index<\/strong><\/td>16\/180
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Ease of Doing Business<\/strong><\/td>8\/190
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Enabling Trade Index<\/strong><\/td>22\/136
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\n Access trade, receivables and supply chain finance <\/h4>\n

We assist companies to access trade and receivables finance through our relationships with 270+ banks, funds and alternative finance houses.<\/p>\n \n Get Started<\/span>\n <\/a>\n<\/div><\/div>\n\n\n\n

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Importing from USA<\/h2>\n\n\n\n

Listed as the second largest export economy in the world the United States is the eleventh most complex economy according to the Economic Complexity Index (ECI). On average in recent years the country has carried an annual negative trade balance of over $700 billion based on exports of $1.4 trillion and imports of more than $2.1 trillion annually. With a GDP per capita rate of more than $50,000 the average GDP rate is more than $16.5 trillion. With 20 international trading nations representing more than 75% of exports and 80% of imports \u2013 excluding services and foreign direct investment \u2013 the United States can be described as having a heavy concentration of trade activity with its favoured trading partners.<\/p>\n\n\n\n

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Importing from United States: What is trade finance?<\/h2>\n\n\n\n

In general, the United States has reduced its trade barriers and coordinates with others in the global economic system. Historically, the U.S. has taken the view that trade promotes economic growth, social stability, democracy and better international relations. However, President Donald Trump has called these principles into question: in early 2018 Trump declared that the U.S. will impose steep tariffs on steel and aluminum imports, causing escalating tensions with China and other trading partners and raising the prospect of higher prices for American consumers and companies. At the same time, further negotiations regarding a revision of the NAFTA agreement are being pursued. The U.S. is the world\u2019s largest importer and second largest exporter of goods, as well as the largest importer and exporter of commercial services. Nevertheless, trade represents only around 27% of the country\u2019s GDP.<\/p>\n\n\n\n

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Chart Showing GDP Growth Compared to rest of world<\/h2>\n\n\n
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