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Market Update: US Imports Hit Record High in June
Imports to the United States increased by USD 6.0 billion to an all-time high of USD 283.4 billion in June 2021, as the domestic demand consolidated its recovery from the pandemic hit. Imports were up for industrial supplies and materials, led by nonmonetary gold, finished metal shapes, iron and steel mill products, and organic chemicals. In addition, imports of capital goods advanced, while those of consumer goods fell due to pharmaceutical preparations and cotton apparel and household goods. Purchases of automotive vehicles, parts, and engines were also down. Imports of services increased USD 1.6 billion, on the back of transport and travel. source: U.S. Census Bureau [/s2If]
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