imports News Updates

The stream of imported goods through the ports of Los Angeles and Long Beach fell 1% annually in March compared to the year before.

CBP says importers must request refunds through a new online portal, and then they need to opt in to an existing system to receive an electronic payment.

Import prices increased 1.3% from the prior month, Labor Department data showed March 25, boosted in part by higher prices for petroleum and natural gas.

Uncertainty is mounting across global supply chains due to President Donald Trump’s changing tariff policies and the conflict in the Middle East, port Executive Director Gene Seroka said.

CEO Noel Hacegaba told reporters that the Port of Long Beach was the most active port in the U.S. last month, beating its Southern California neighbor, the Port of Los Angeles.

The U.S., previously a leader in growth rates for container shipping, is now lagging much of the world. Inbound volumes in December dropped 6.4% from a year earlier to 1.9 million TEUs.

The goods and services trade gap narrowed almost 24% from the prior month to $59.6 billion, the Commerce Department said. The report was delayed from Oct. 7 by the federal government shutdown.

Canada’s statistics agency says it hasn’t received data on U.S. imports of Canadian goods for September, raising the possibility it will be unable to proceed with a release of trade figures.

Mexico has recovered as much as $10.9 billion in tax revenue this year due to the government’s efforts to stop illegal fuel imports, the head of Mexico’s customs agency said Oct. 20.

Volume is expected to slow in coming months as President Trump’s tariffs bite into profit margins and impact consumer prices, and uncertainty over the U.S.-China trade war increases.