Importing from The United States

The United States Import Guide | Trade Finance Global

Importing from The United States

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 – excluding services and foreign direct investment – the United States can be described as having a heavy concentration of trade activity with its favoured trading partners.

Importing from The United States? Contact our local experts

1.00 GBP
British Pound
1.00 GBP = 1.2720 USD
=
1.2720 USD
US Dollar
1.00 USD = 0.78616 GBP

Country Profile

CapitalUnited States of America Flag Great Seal Motto: "In God We Trust" Other traditional mottos "E pluribus unum"(Latin) (de facto)"Out of many, one" "Annuit c?ptis"(Latin)"He has favored our undertakings" "Novus ordo seclorum"(Latin)"New order of the ages" Anthem:"The Star-Spangled Banner" March: "The Stars and Stripes Forever" The contiguous United States plus Alaska and Hawaii The United States including its territories Washington, D.C.
Population 325,145,963
Area 3,796,742 sq mi km2 (9,833,520 )
km2 (3rd/4th)
Currency United States dollar (USD)
GDP
LanguagesEnglish

1.83

Econ Complexity 5th of 184
1980
2015

$1.38T

Exports 2nd of 221
1980
2015

$2.16T

Imports 1st of 221
1980
2015

$56.1k

GDP Per Capita 12th of 184
1990
2015

The United States: Exports Profile

Exports from The United States

Exports from The United States: $1.47 trillion
Export commodities:Machines, 33.9%industrial supplies, 31.2%consumer goods (except automotive), 12.3% motor vehicles and components, 9.8%food, feed, and beverages, 8.9% other, 3.9%. (2014)
Top export destinations:Canada 18.6%, Mexico 15.7%, China 7.7%, Japan 4.2%
GDP growth (annual %)

Importing from the USA: What is trade finance?

Stock finance is a revolving facility which lenders offer - it enables SMEs to purchase inventory and can help ease cashflow issues.

Generally, an export finance bank will fund up to 100% of the cost of the products, including charges (e.g. bank charges).

Trade finance offers benefits over more traditional bank funding like asset finance or loans.

How does it work?

If you're a company importing or exporting stock supplies outside of your own country, then a trade finance facility would help you to fund this through offering a letter of credit (LC) or some form of cash advance.

I’m looking to import from the United States, how can Trade Finance Global help, and how does it work?

If you’re looking to import from the US, get in touch with our team in trade finance to see how we can help you grow your business in other markets.

If you are looking to import stock from other international markets, you may need import finance, which is an agreement between yourself (the importer) and the foreign exporter. A trade finance bank will act as the intermediary, paying the exporter on your behalf until you receive the stock supplies and have then sold them to your end debtor. Repaying the lender then occurs over an agreed period of time.

Read the TFG Importers Guide here.

Importing from The United States? Contact our local experts

Country Profile

CapitalUnited States of America Flag Great Seal Motto: "In God We Trust" Other traditional mottos "E pluribus unum"(Latin) (de facto)"Out of many, one" "Annuit c?ptis"(Latin)"He has favored our undertakings" "Novus ordo seclorum"(Latin)"New order of the ages" Anthem:"The Star-Spangled Banner" March: "The Stars and Stripes Forever" The contiguous United States plus Alaska and Hawaii The United States including its territories Washington, D.C.
Population 325,145,963
Area 3,796,742 sq mi km2 (9,833,520 )
km2 (3rd/4th)
Currency United States dollar (USD)
GDP
LanguagesEnglish

1.83

Econ Complexity 5th of 184
1980
2015

$1.38T

Exports 2nd of 221
1980
2015

$2.16T

Imports 1st of 221
1980
2015

$56.1k

GDP Per Capita 12th of 184
1990
2015
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