Report: COVID-19 Is Shifting The Landscape Of Global Trade
Sept. 22, 2020
Jungle Scout releases its 2020 Global Imports Data & Trends Report.
Jungle Scout releases its 2020 Global Imports Data & Trends Report, which explores the landscape of imports to the U.S. between 2015 and 2020 for all countries and industries and highlights some notable shifts, including:
How the landscape of global trade is shifting in light of COVID-19
Which country is chasing China as a rising global trade leader
Where various categories of products are sourced worldwide and the best alternate suppliers by industry
According to the report, U.S. imports are tracking to be down nearly 5% by the end of 2020 (after rising 13%+ in the past 5 years). The Chemical & Allied Industries category accounts for more than 8% of all U.S. imports in 2020 and is one of the only categories growing this year. It has increased more than 9% year-over-year in share of imports.
