Trade Statistics in US 2025 | US Trade Facts

Trade Statistics in US

Trade in America 2025

The American trade landscape in 2025 stands at a remarkable crossroads, where traditional commerce meets unprecedented global challenges. With total goods import value reaching $3.31 trillion through August and entry summaries totaling 43.1 million, the United States continues to demonstrate its position as the world’s economic powerhouse. The trade framework has evolved substantially, shaped by comprehensive tariff implementations under Section 232, Section 301, and the International Emergency Economic Powers Act (IEEPA), which collectively generated $195.9 billion in duties, taxes, and fees collected by the close of fiscal year 2025. This represents a staggering increase from the $88.07 billion collected in fiscal year 2024, highlighting the dramatic shift in trade policy enforcement and revenue generation mechanisms.

The complexity of modern American trade extends far beyond simple import-export metrics. U.S. Customs and Border Protection processed over 945.3 million Section 321 Bills of Lading and mail shipments, representing de minimis entries that reflect the explosive growth of e-commerce and small-value international transactions. The trade deficit landscape has been particularly volatile throughout 2025, with monthly figures fluctuating significantly—from $59.6 billion in August down from $78.3 billion in July—demonstrating how policy changes, seasonal factors, and global economic conditions create substantial month-to-month variations. Meanwhile, trade remedy enforcement activities have intensified, with CBP completing 348 audits that recovered $192.77 million, while entry summary reviews yielded an extraordinary $32.95 billion in net revenue recovery, underscoring the government’s enhanced scrutiny of import compliance and accurate duty collection.

Interesting Stats & Facts about US Trade in 2025

Trade Fact Category Specific Data Point Value/Details
Total Import Value Goods imported into US (through Aug 2025) $3.31 trillion
Trade Deficit Monthly trade deficit (August 2025) $59.6 billion
Largest Trade Deficit Peak monthly deficit (March 2025) $136.42 billion
Entry Processing Total entry summaries filed 43.1 million
De Minimis Shipments Section 321 BOLs and mail entries 945.3 million
Revenue Collection Total duties, taxes, fees collected (FY 2025) $195.9 billion
Year-over-Year Growth Revenue increase from FY 2024 122% increase
China Tariff Revenue Section 301 China products duties $35.05 billion
Steel Tariffs Section 232 steel duties assessed $4.83 billion
Aluminum Tariffs Section 232 aluminum duties $2.96 billion
Automobile Tariffs Section 232 auto duties (new in 2025) $18.33 billion
Auto Parts Tariffs Section 232 auto parts duties $7.61 billion
IEEPA Reciprocal Duties All countries reciprocal tariffs $51.62 billion
China-Hong Kong Duties IEEPA duties on China/HK goods $28.92 billion
Mexico IEEPA Duties Tariffs on Mexican imports $5.72 billion
Entry Summary Recovery Revenue from ESF reviews $32.95 billion
Audit Collections Revenue from importer audits $192.77 million
Trade Seizures Total number of seizures 52,398
IPR Seizures Intellectual property violations 23,128 seizures
IPR MSRP Value Value of counterfeit goods seized $6.7 billion
Export Value Monthly exports (August 2025) $280.8 billion
Import Value Monthly imports (August 2025) $340.4 billion
Annual Trade Deficit 12-month deficit (through July 2025) $1.06 trillion
Services Trade Surplus US services trade surplus $315.53 billion
Top Trading Partner Largest total trade volume Mexico
Import Duty Rate Average monthly duties (July 2025) $28.09 billion
Import Duties Annual 12-month import duties total $155.17 billion
Top Export Destination Highest export value country Canada ($348.50 billion)
Second Export Partner Second-largest export market Mexico ($334.04 billion)
China Export Value US exports to China $143.54 billion

Data source: U.S. Customs and Border Protection Trade Statistics, U.S. Bureau of Economic Analysis, U.S. Census Bureau Foreign Trade Statistics (2025)

The data reveals remarkable shifts in American trade patterns throughout 2025, with tariff revenues reaching historic levels not seen in previous decades. The implementation of comprehensive automobile and auto parts tariffs under Section 232 generated combined revenues exceeding $25 billion, representing one of the most significant trade policy changes in recent history. Perhaps most striking is the $32.95 billion recovered through entry summary reviews—a figure that dwarfs the $667.55 million collected through the same mechanism in fiscal year 2024, representing a nearly 5,000% increase that signals dramatically enhanced enforcement capabilities and scrutiny of import valuations. The intellectual property seizure statistics tell another compelling story, with 23,128 IPR seizures having a manufacturer’s suggested retail price value of $6.7 billion, highlighting the ongoing battle against counterfeit goods flooding American markets through both traditional and e-commerce channels.

The reciprocal tariff structure implemented under IEEPA authority represents perhaps the most comprehensive trade policy overhaul in modern American history. With $51.62 billion collected from reciprocal duties across all countries, these measures have fundamentally altered the economic calculus for foreign exporters targeting the American market. Country-specific IEEPA duties have been particularly impactful, with China and Hong Kong facing $28.92 billion in assessed duties, Mexico confronting $5.72 billion, and Canada dealing with $1.97 billion in new tariff obligations. These figures demonstrate how trade policy has become increasingly weaponized as a tool of economic statecraft, moving far beyond traditional trade remedy mechanisms focused on unfair trade practices to encompass broader geopolitical and bilateral relationship considerations. The emergence of Brazil, India, and Japan as IEEPA tariff targets—with assessed duties of $293.92 million, $271.96 million, and $198.82 million respectively—shows how the reach of American trade enforcement has expanded to encompass even traditionally friendly trading partners.

US Import Statistics and Revenue Collection in 2025

Category FY 2025 FY 2024 FY 2023 FY 2022
Total Import Value for Goods $3.31 trillion $3.36 trillion $3.32 trillion $3.35 trillion
Total Entry Summaries 43.1 million 38.3 million 36.6 million 39.1 million
Section 321 BOLs and Mail 945.3 million 1.36 billion 1 billion 685.4 million
Total Duties, Taxes, Fees $195.9 billion $88.07 billion $92.3 billion $111.8 billion

Data source: U.S. Customs and Border Protection Trade Statistics, fiscal years 2022-2025 (FY 2025 updated through August 31, 2025)

Import statistics for 2025 reveal fascinating dynamics in American trade flows and revenue generation. While total import value decreased slightly to $3.31 trillion from $3.36 trillion in 2024, the number of entry summaries surged to 43.1 million, indicating a shift toward higher volumes of smaller-value shipments rather than fewer large transactions. This pattern aligns with the explosive growth in cross-border e-commerce and direct-to-consumer shipping models that have transformed retail supply chains. The Section 321 de minimis entries—shipments valued under $800 that enter duty-free—reached 945.3 million through August 2025, down from the full-year 2024 figure of 1.36 billion, suggesting that increased scrutiny and potential policy changes regarding de minimis treatment may be affecting import patterns. This reduction could reflect efforts to curb abuse of de minimis provisions, particularly concerning Chinese e-commerce platforms that have exploited this mechanism to avoid duties and regulatory oversight.

The most dramatic shift appears in revenue collection, where total duties, taxes, and fees exploded to $195.9 billion in fiscal year 2025, more than doubling the $88.07 billion collected in 2024. This represents one of the most significant year-over-year increases in customs revenue in American history, driven primarily by the implementation of comprehensive tariff programs under Section 232 for automobiles, automobile parts, and copper, alongside expanded IEEPA authorities targeting specific countries and implementing reciprocal tariff frameworks. The revenue surge reflects not merely higher tariff rates but also the broadening scope of products and countries subject to additional duties. When compared to fiscal year 2022, which saw $111.8 billion in collections, the 2025 figure represents a 75% increase, underscoring how trade policy has become increasingly focused on revenue generation alongside traditional objectives of market access negotiation and trade remedy enforcement. The processing of 43.1 million entry summaries demonstrates the massive scale of customs operations, with each entry representing complex compliance determinations, tariff classifications, and valuation assessments that collectively ensure proper duty assessment and regulatory compliance.

Trade Remedy Enforcement in the US 2025

Trade Remedy Product Category FY 2025 Revenue FY 2024 Revenue FY 2023 Revenue
Section 201 Solar Products $434.25 million $296.49 million $237.05 million
Section 232 Steel $4.83 billion $1.22 billion $1.57 billion
Section 232 Aluminum $2.96 billion $388.98 million $459.69 million
Section 232 Automobiles $18.33 billion
Section 232 Automobile Parts $7.61 billion
Section 232 Copper $513.80 million
Section 301 China Products $35.05 billion $38.19 billion $38.37 billion
IEEPA China and Hong Kong $28.92 billion
IEEPA Mexico $5.72 billion
IEEPA Canada $1.97 billion
IEEPA Reciprocal (All Countries) $51.62 billion

Data source: U.S. Customs and Border Protection Trade Remedy Statistics (September 23, 2025)

Trade remedy enforcement has reached unprecedented levels throughout 2025, with multiple statutory authorities being deployed simultaneously to reshape American trade relationships. Section 301 tariffs on Chinese products continue to generate substantial revenue at $35.05 billion, though this represents a slight decline from $38.19 billion in 2024 and $38.37 billion in 2023, suggesting that either import volumes from China are decreasing or supply chains are successfully diverting through third countries to avoid these duties. The Section 232 national security tariffs have expanded dramatically beyond their original focus on steel and aluminum. Steel tariffs generated $4.83 billion in fiscal year 2025, nearly quadruple the $1.22 billion collected in 2024, while aluminum tariffs reached $2.96 billion, up from $388.98 million the previous year. These increases reflect both higher duty rates and potentially reduced exemptions or country exclusions that previously limited the revenue impact.

The most transformative development in 2025 trade enforcement has been the application of Section 232 authority to automobiles and automotive parts, along with the aggressive use of IEEPA to implement country-specific and reciprocal tariff programs. Automobile tariffs became effective April 3, 2025, and generated $18.33 billion through August, while automobile parts tariffs effective May 3, 2025, contributed $7.61 billion. Combined, these automotive sector tariffs represent over $25 billion in new duties on one of America’s largest import categories, fundamentally altering the economics of both foreign vehicle imports and the complex North American automotive supply chain that relies heavily on cross-border component flows. The copper tariffs, effective August 1, 2025, added $513.80 million in their first month, establishing yet another commodity category under national security trade restrictions. The IEEPA authorities represent an even more sweeping approach, with reciprocal tariffs across all countries generating $51.62 billion—the single largest trade remedy revenue source in fiscal year 2025. Country-specific IEEPA measures targeting China and Hong Kong ($28.92 billion), Mexico ($5.72 billion), and Canada ($1.97 billion) have disrupted traditional trading relationships with America’s closest economic partners, creating significant uncertainty for businesses that have built supply chains based on decades of relatively stable trade policies.

US Trade Enforcement Activities in 2025

Enforcement Activity FY 2025 FY 2024 FY 2023 FY 2022
Number of Audits Completed 348 417 435 430
Collections from Audits $192.77 million $117.67 million $114.5 million $77.7 million
Net Revenue from ESF Reviews $32.95 billion $667.55 million $256.3 million $267.3 million
Total Trade Penalties Issued 2,218 2,204 2,592 2,121
Total Liquidated Damages 46,835 22,399 19,832 18,667
Collections from Penalties/LD $37.88 million $26.21 million $33.3 million $19.3 million

Data source: U.S. Customs and Border Protection Trade Enforcement Statistics (FY 2025 updated through August 31, 2025)

Trade enforcement activities in 2025 demonstrate a significant intensification of compliance oversight and revenue recovery efforts. While the number of completed audits decreased to 348 from 417 in 2024, the revenue collected from these audits increased substantially to $192.77 million from $117.67 million, indicating that enforcement efforts are focusing on higher-value cases with greater revenue potential. This represents a 64% increase in collections despite a 17% reduction in audit volume, suggesting more sophisticated targeting of audit candidates and potentially larger-scale compliance violations being uncovered. The trend continues an upward trajectory from fiscal year 2022, when audit collections totaled only $77.7 million, demonstrating how CBP has refined its audit selection methodology to identify importers with significant undervaluation, misclassification, or other compliance failures.

The most extraordinary development in enforcement activities is the explosion in net revenue recovered through Entry Summary Reviews (ESF), which reached $32.95 billion in fiscal year 2025. This figure represents a nearly 5,000% increase from the $667.55 million collected through ESF reviews in 2024 and is over 120 times larger than the $256.3 million recovered in 2023. This dramatic surge likely reflects the implementation of new tariff programs throughout 2025, where initial entry valuations and duty assessments were subsequently revised as CBP applied complex new duty calculations under Section 232 automotive tariffs, IEEPA reciprocal tariffs, and country-specific measures. The sheer magnitude of ESF recoveries suggests that many importers either struggled to correctly calculate duties under rapidly changing tariff schedules or potentially underestimated their duty obligations in anticipation that some tariff programs might be temporary or subject to exemptions. Trade penalties issued remained relatively stable at 2,218 compared to 2,204 in 2024, but liquidated damages actions surged to 46,835 from 22,399, more than doubling year-over-year and indicating increased enforcement actions against importers who failed to meet bond obligations, compliance requirements, or other customs obligations. Collections from penalties and liquidated damages reached $37.88 million, up from $26.21 million in 2024, reflecting both increased enforcement actions and potentially higher penalty assessments for serious violations.

Trade Seizures and IPR Enforcement in the US 2025

Seizure Category FY 2025 FY 2024 FY 2023 FY 2022
Total Trade Seizures 52,398 48,444 44,558 46,111
Total IPR Seizures 23,128 20,516 19,522 20,813
IPR MSRP Value $6.7 billion $5.5 billion $2.4 billion $2.98 billion
Import Safety Seizures 8,350 6,888 6,183 4,484
Import Safety Value $132.4 million $60.6 million $44 million $62.4 million

Data source: U.S. Customs and Border Protection Trade Seizure Statistics (FY 2025 updated through August 31, 2025)

Trade seizure activities have intensified significantly in 2025, with total seizures reaching 52,398 compared to 48,444 in 2024, representing an 8% increase in enforcement actions. This upward trend reflects CBP’s enhanced capabilities in identifying and intercepting prohibited, restricted, and improperly declared merchandise at ports of entry and international mail facilities. Intellectual property rights seizures specifically numbered 23,128, up from 20,516 in 2024, with the manufacturer’s suggested retail price of seized counterfeit goods reaching an astonishing $6.7 billion. This represents a 22% increase in IPR MSRP value from the $5.5 billion in 2024 and nearly triple the $2.4 billion worth of counterfeit goods seized in 2023. The dramatic escalation in counterfeit goods value suggests either more sophisticated counterfeiting operations or increased targeting of high-value product categories such as luxury goods, pharmaceuticals, electronics, and automotive parts.

Import safety seizures have also increased substantially, reaching 8,350 actions in fiscal year 2025, up from 6,888 in 2024 and 6,183 in 2023. These seizures encompass dangerous products that violate Consumer Product Safety Commission standards, FDA regulations, vehicle safety requirements, and other federal health and safety mandates. The value of import safety seizures more than doubled to $132.4 million from $60.6 million in 2024, indicating that CBP is intercepting larger shipments or higher-value consignments of unsafe products. This category includes hazardous toys with lead paint or choking hazards, pharmaceuticals lacking FDA approval or containing harmful ingredients, cosmetics with banned substances, and automotive parts that fail to meet safety standards. The increase in both volume and value of safety seizures underscores growing concerns about e-commerce platforms that facilitate the direct shipment of non-compliant products from overseas manufacturers to American consumers, bypassing traditional retail channels where product safety compliance is more rigorously enforced. The combined enforcement picture from seizure data demonstrates that CBP is simultaneously combating intellectual property theft, protecting American consumers from dangerous products, and enforcing an increasingly complex array of trade laws and regulations across 47 federal agencies whose import requirements CBP administers at the border.

Monthly US Trade Balance in 2025

Month 2025 Trade Balance Exports Imports Goods Deficit Services Surplus
August -$59.6 billion $280.8 billion $340.4 billion -$85.6 billion $26.1 billion
July -$78.3 billion $280.5 billion $358.8 billion -$97.8 billion $25.6 billion
June -$60.2 billion $279.0 billion $339.2 billion -$86.7 billion $26.5 billion
April -$61.6 billion $277.8 billion $339.4 billion -$87.4 billion $25.8 billion
March -$138.3 billion $262.9 billion $401.2 billion -$163.6 billion $25.3 billion

Data source: U.S. Bureau of Economic Analysis, U.S. Census Bureau Foreign Trade Statistics (2025)

Monthly trade balance figures for 2025 reveal remarkable volatility in American trade flows, driven primarily by anticipatory behavior ahead of tariff implementations and subsequent normalization. The March 2025 trade deficit of $138.3 billion stands as the highest monthly deficit in recent history, reflecting massive import surges as businesses rushed to bring goods into the United States before the “Liberation Day” tariffs took effect on April 2, 2025. Total imports in March reached $401.2 billion, an extraordinary figure driven by front-loading behavior where importers accelerated shipments to avoid impending duties. This resulted in a goods deficit of $163.6 billion, partially offset by a services surplus of $25.3 billion. The services sector has consistently maintained surpluses throughout 2025, demonstrating American competitive advantages in financial services, intellectual property licensing, professional services, and tourism-related activities.

Following the March spike, trade flows normalized somewhat in subsequent months, though volatility remained significant. The April deficit decreased sharply to $61.6 billion as imports fell to $339.4 billion from the March peak, while exports remained relatively stable at $277.8 billion. June saw a similar deficit of $60.2 billion, with balanced trade flows suggesting temporary equilibrium. However, July experienced another surge with the deficit expanding to $78.3 billion—the largest since March—driven by imports jumping to $358.8 billion while exports held steady at $280.5 billion. This July increase may reflect continued supply chain adjustments, seasonal factors, or importers building inventory ahead of additional tariff announcements. August brought a substantial correction, with the deficit declining to $59.6 billion as imports dropped sharply to $340.4 billion while exports ticked up slightly to $280.8 billion. The goods deficit in August reached $85.6 billion, while the services surplus expanded to $26.1 billion, highlighting how American service industries continue generating trade surpluses even as goods trade faces persistent deficits. The year-to-date figures through August show the goods and services deficit increased $142.5 billion or 25% compared to the same period in 2024, with exports up 5.1% but imports surging 9.2%, demonstrating that tariff policies have not yet succeeded in meaningfully reducing import volumes despite generating substantial revenue.

Top US Trading Partners and Import Sources in 2025

Country Trade Relationship 12-Month Trade Volume Export Value Import Value
Mexico Largest Trading Partner $839.9 billion $334.04 billion $524.55 billion
Canada Second-Largest Partner $762.1 billion $348.50 billion $413.6 billion
China Third-Largest Partner $643.8 billion $143.54 billion $500.26 billion
Japan Fourth-Largest Partner $258.6 billion $79.94 billion $178.66 billion
Germany Fifth-Largest Partner $251.3 billion $76.82 billion $174.48 billion
South Korea Sixth-Largest Partner $196.7 billion $84.25 billion $112.45 billion

Data source: U.S. Census Bureau Foreign Trade Statistics, U.S. Trade Data (through July 2025)

Trading partner relationships in 2025 reflect significant shifts from historical patterns, with Mexico emerging as America’s largest total trading partner at $839.9 billion in combined trade volume, surpassing Canada’s $762.1 billion and China’s $643.8 billion. This ranking represents a fundamental reordering of American trade relationships, driven by nearshoring trends, USMCA trade integration, and deliberate efforts to diversify supply chains away from Chinese manufacturing. Mexico’s position is particularly notable given that the country faces $5.72 billion in IEEPA tariffs in 2025, demonstrating that proximity and supply chain integration can outweigh tariff penalties in determining trade flows. American exports to Mexico totaled $334.04 billion, while imports reached $524.55 billion, creating a bilateral trade deficit but also reflecting deep economic integration in sectors like automotive manufacturing, electronics, and agriculture.

Canada maintains its position as America’s top export destination at $348.50 billion, though total trade volume places it second overall at $762.1 billion due to somewhat lower import volumes of $413.6 billion from Canada. The bilateral relationship faces new tensions in 2025 with $1.97 billion in IEEPA tariffs assessed on Canadian goods, affecting what has historically been one of the world’s most integrated bilateral trade relationships. China’s ranking as the third-largest trading partner reflects a complex and increasingly contentious economic relationship, with American exports to China at $143.54 billion dwarfed by imports of $500.26 billion, creating a massive bilateral deficit. China faces the heaviest tariff burden of any trading partner, with $35.05 billion in Section 301 duties plus $28.92 billion in combined China-Hong Kong IEEPA tariffs, totaling over $63 billion in annual duty assessments. Despite these punitive measures, China remains a critical source for American imports, particularly in electronics, machinery, pharmaceuticals, and consumer goods, suggesting that supply chain diversification away from Chinese manufacturing is proceeding more slowly than policymakers might prefer. Japan, Germany, and South Korea round out the top six trading partners, with each country playing specialized roles: Japan in automotive and advanced electronics ($258.6 billion total trade), Germany in machinery and pharmaceuticals ($251.3 billion), and South Korea in electronics and vehicles ($196.7 billion). These relationships collectively demonstrate how American trade remains globally diversified across multiple continents and economic systems, even as policy efforts attempt to reshore or nearshore critical supply chains.

US Goods Trade Deficit by Country in 2025

Country 12-Month Goods Trade Balance Percentage of Total Deficit Primary Import Categories
China -$266.76 billion 19.72% Electronics, Machinery, Textiles
Mexico -$188.44 billion 13.93% Vehicles, Auto Parts, Electronics
Vietnam -$154.80 billion 11.44% Electronics, Apparel, Furniture
Taiwan -$87.34 billion 6.46% Semiconductors, Electronics
Germany -$97.66 billion 7.22% Vehicles, Machinery, Pharmaceuticals
Ireland -$76.52 billion 5.66% Pharmaceuticals, Medical Devices

Data source: Joint Economic Committee Trade Update, U.S. Census Bureau (12 months through July 2025)

The bilateral goods trade deficit landscape reveals which countries contribute most substantially to America’s overall trade imbalance. China accounts for nearly one-fifth of the total goods trade deficit at $266.76 billion over the twelve months through July 2025, despite facing the most comprehensive tariff regime of any major trading partner. This persistent deficit demonstrates China’s deeply entrenched position in American supply chains, particularly for consumer electronics, telecommunications equipment, computers, machinery, and textiles. The deficit has actually decreased from higher levels in previous years, suggesting that Section 301 tariffs and IEEPA measures are having some effect in encouraging supply chain diversification, even if they have not fundamentally eliminated Chinese manufacturing’s cost and scale advantages.

Mexico contributes the second-largest deficit at $188.44 billion, representing 13.93% of the total, driven primarily by automotive sector imports where integrated North American production networks mean that vehicles and parts cross borders multiple times during manufacturing. Vietnam has emerged as the third-largest deficit partner at $154.80 billion or 11.44% of the total, reflecting its rise as an alternative manufacturing base for companies seeking to diversify away from Chinese production while maintaining cost competitiveness. Taiwan’s $87.34 billion deficit, representing 6.46% of the total, reflects the island’s critical role in global semiconductor supply chains, with American companies heavily dependent on Taiwanese chip manufacturers for advanced processors used in everything from smartphones to data centers to artificial intelligence systems. Germany’s $97.66 billion deficit (7.22%) stems largely from automobile imports and sophisticated industrial machinery, while Ireland’s $76.52 billion deficit (5.66%) reflects pharmaceutical and medical device imports, with many American pharmaceutical companies manufacturing in Ireland for tax and regulatory reasons. These deficit figures underscore how American trade imbalances result from complex global supply chains, comparative advantages in specialized manufacturing, and long-term investment patterns that have created production capacity in specific locations that cannot be quickly or easily relocated in response to tariff policies.

US Import Duty Collections by Country in 2025

Country 12-Month Calculated Duties Average Applied Duty Rate Share of Total Duty Revenue
China $72.58 billion 18.85% 46.8%
Mexico $10.21 billion 1.95% 6.6%
Vietnam $8.80 billion 5.14% 5.7%
Taiwan $7.42 billion 8.45% 4.8%
South Korea $6.58 billion 5.85% 4.2%
India $5.93 billion 7.21% 3.8%

Data source: Joint Economic Committee Trade Update (12 months through July 2025)

Import duty collections by country of origin reveal the concentrated nature of tariff revenue, with China alone accounting for $72.58 billion or nearly 47% of total calculated duties over the twelve-month period through July 2025. The average applied duty rate on Chinese goods reached 18.85%, far exceeding rates applied to other major trading partners and reflecting the cumulative impact of Section 301 tariffs, IEEPA measures, and various product-specific duties. This extraordinarily high effective duty rate demonstrates how trade policy has specifically targeted Chinese imports, transforming what was once a relatively open trade relationship into one of the most heavily taxed bilateral commercial relationships in the world. The $72.58 billion in duties on Chinese goods represents a massive transfer from American importers and consumers to the federal treasury, with economists debating whether these costs are primarily absorbed by Chinese exporters through lower prices, passed on to American consumers through higher retail prices, or absorbed by American businesses through reduced profit margins.

Mexico generates the second-highest duty revenue at $10.21 billion despite a much lower average duty rate of just 1.95%, reflecting the enormous volume of Mexican imports ($524.55 billion) and the relatively favorable treatment Mexican goods receive under USMCA provisions for qualifying products. Vietnam’s $8.80 billion in duty collections with a 5.14% average rate demonstrates its growing importance as an import source, while Taiwan’s $7.42 billion at 8.45% average duty and South Korea’s $6.58 billion at 5.85% reflect both substantial import volumes and selective higher duties on certain product categories. India rounds out the top six at $5.93 billion with a 7.21% average duty rate, as it emerges as an increasingly important alternative manufacturing base.

Disclaimer: This research report is compiled from publicly available sources. While reasonable efforts have been made to ensure accuracy, no representation or warranty, express or implied, is given as to the completeness or reliability of the information. We accept no liability for any errors, omissions, losses, or damages of any kind arising from the use of this report.