It's back to school once again for kids and parents, but U.S. retailers were prepping for this months ago. Most school supplies were imported in May, June, and July to get ready for the high August demand. Pencils, notebooks, and backpacks are among the many products that see an increase in imports during the summer.
Annually, imports of school supplies like notebooks, pens, pencils, crayons, backpacks, scissors, boards, and glue are valued at an estimated $2 billion. With 39.4 percent arriving in the United States during these “peak” months, the value of school supplies to the United States from May 2014 – July 2014 is just above $946.5 million.
This time of year has the largest volume of imports for some of these products, with values doubling or even tripling to accommodate the back-to-school rush. For example, annual imports of backpacks (HTS 4202.92.3020) from August 2013 – July 2014 totaled just over $692 million, while roughly $334 million of these imports occurred in the past few months. That is roughly 48 percent of the total yearly imports concentrated over a three-month period.
Another top import during this period is notebooks, (HTS 4820.10.2060, HTS 4820.10.2040, HTS 4820.10.2030) which bring in $279 million annually. This summer's imports of notebooks reached about 50 percent of their annual import value, or an estimated $141 million.
Though it is difficult to see on the chart above, of the common school supplies imported, scissors (HTS 8213.00.3000) did see a significant increase in imports for May and June. Scissors may not be the highest-valued import, but over the summer months about $593,000 of scissors were imported, which was 44 percent of all scissor imports for the last year. Last year's total value of shipments reached just over $1.3 million.
Russia’s new ban on U.S. food imports has the United States wondering how much food we actually export to the country and how it will affect U.S. companies. Surprisingly, the United States exports a significant amount of food to Russia. In 2013, the United States exported over $650 million worth of dairy, meat, fruit, vegetables, poultry, and fish (the banned food items). This accounts for 1.3% of all U.S. food exports in those categories.Below is the top 10 U.S. exports of food to Russia for the past 3 years by NAICS Code.
Although the percentage of food exported to Russia seems small, it could affect some U.S. businesses in a big way. The food industries that will be hit the hardest by this ban are meat and poultry, tree nuts, and fish. So far in 2014 (Q1-Q2), the United States has exported $127 million worth of poultry, $63 million in meat, $58 million in tree nuts, and $27 million in fish to Russia. More specifically, the top U.S. food products exported in 2013 were frozen leg quarters of chicken (HTS 0207.14.0010), almonds (HTS 0802.12.0000), and salmon roe (HTS 0303.90.4040).
Russia stated that the ban would last one year with the potential to extend even longer. Some speculate that the ban will actually hurt Russia and not so much the United States, but only time will tell.
(North American Industry Classification System)
|311615 - Poultry, Prepared Or Preserved
|311611 - Meat Products (except Poultry)
|111335 - Tree Nuts
|114111 - Finfish Fresh, Chilled Or Frozen And Other Finfish Products
|114112 - Shellfish Fresh, Chilled Or Frozen and Other Shellfish Products
|311423 - Dried And Dehydrated Foods
|111331 - Apples
|111130 - Dry Peas And Beans
|111339 - Other Non Citrus Fruits
|1123XX - Poultry And Eggs
West Coast port contracts for the International Longshore and Warehouse Union and the Pacific Maritime Association were up as of July 1st. According to a Forbes article
, the two unions account for about 20,000 workers across 29 West Coast ports. If these unions actually cease work it could put a giant dent in U.S. trade.
U.S. importers and retailers have prepared for a potential strike by ramping up imports for the month of June, which experienced some unusually high import volume. U.S. TEU (twenty-foot equivalent units or containers) imports at West Coast ports in June were nearly 10% higher than June of 2013 and totaled over 880,000 TEUs.
Most of this surge was seen at the ports of Long Beach and Los Angeles. Combined, the two ports account for 75% of all imports to the Pacific West Coast. Long Beach increased TEU imports in June by 8% compared to June of 2013 and Los Angeles rose 14%.
Other West Coast ports experienced high imports as well. The port of Tacoma posted its highest TEU import volume ever in June. The port brought in about 80,000 TEUs, which was 22% higher than May and 29% higher than its monthly average for the last 12 months.
So far in July, West Coast ports aren’t ‘dockin and rollin’ as hard as June in terms of imports. In the first 23 days of July, West Coast ports imported a little over 655,000 TEUs. That’s about 3% less compared to the same time last year. June may have been the peak month for holiday imports, or volume could pick back up in August as the threat of a supply-chain nightmare sails into the past. Either way, just the whisper of a strike had a drastic effect on U.S. imports for June, let’s hope one doesn’t actually happen.
*Data Note* The data and import numbers in this report do NOT include empty containers or containers labeled as freight remaining on board a ship. These numbers come exclusively from Zepol's U.S. Customs database, TradeIQ Import.
Zepol has partnered with D&B to offer additional company and contact information to its U.S. Customs databases: TradeIQ Import and TradeIQ Export. Now Zepol’s customers have the flexibility to add more comprehensive company fields to their downloaded reports with just one click. This new feature includes validated fields like the D-U-N-S® Number, employee titles and names, phone number, sales volume, employee count, and more.
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Zepol’s D&B information is available for purchase as an add-on to its TradeIQ Import or TradeIQ Export subscriptions. Users are able to add extra company and contact detail to Excel reports for easy analysis and upload into a CRM. Zepol also provides this D&B data in the form of a customized report, which is available upon request.
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The United States imports tons of fireworks, literally. In May of 2014 alone, over 29,000 metric tons of fireworks were shipped to the United States, which amounted to over 4,100 TEUs (twenty-foot equivalent units).
If you would like more information about the trade of fireworks, Zepol’s database offers a no-hassle free trial.
The Midwest is the most patriotic region that purchases these pyrotechnics, which is mainly due to the state of Kansas. Kansas is by far the largest importer of fireworks; the state brings in 29% of all firework imports to the United States. So why Kansas? Well, it’s home to the massive fireworks importer, Jake’s Fireworks, which has wholesale warehouses and pop-up stores across the country.
Most of the fireworks (HS 3604.10.1000) for Independence Day actually originate from China. In 2013, China exported over $209 million in fireworks to the United States. So far in 2014, January through April, China has already sold over $87 million to the country, a 21% increase compared with the same time in 2013.