The United States
World's 10 Largest Importers
The United States is the world's largest importer of goods, followed by China and Germany.The VAT is usually fixed at 22.00 % of the customs value. Certain selected articles are subject to a 5.00 % VAT. Other taxes are paid on imported hydrocarbon fuels and lubricants, alcohol and spirits, beer, wine and tobacco products, with a different rate for each of the mentioned articles.Czech Republic tariff rates for 2021 was 1.39%, a 0.09% decline from 2020. Czech Republic tariff rates for 2020 was 1.48%, a 0.36% decline from 2019. Czech Republic tariff rates for 2019 was 1.84%, a 0.01% increase from 2018.
Which countries import more than they export : Countries such as the U.S., the U.K., and Spain incur a negative balance of trade. They import more than they export; thus, they are called net importers.
What is our #1 import
Imports The top imports of United States are Crude Petroleum ($199B), Cars ($159B), Broadcasting Equipment ($116B), Computers ($108B), and Packaged Medicaments ($91.3B), importing mostly from China ($551B), Canada ($438B), Mexico ($421B), Germany ($153B), and Japan ($137B).
What are the top 5 imports : Canada Imports – Top Categories
- Cars—$28 billion (USD)
- Car parts and accessories—$20 billion (USD)
- Trucks—$15 billion (USD)
- Crude oil—$14 billion (USD)
- Processed petroleum oil—$14 billion (USD)
- Phones—$11 billion (USD)
- Computers—$9 billion (USD)
- Medications—$8 billion (USD)
Imports The top imports of Czechia are Broadcasting Equipment ($13.3B), Motor vehicles; parts and accessories (8701 to 8705) ($10B), Petroleum Gas ($8.85B), Office Machine Parts ($6.42B), and Cars ($5.24B), importing mostly from Germany ($52.7B), China ($29.7B), Poland ($22.4B), Slovakia ($12.6B), and Russia ($10B).
Czech Republic's customs will apply a 21% value-added tax on their import. Other taxes and fees may apply depending on the type of items you're shipping. It's vital to stay well-informed about Chinese and Czech Republic's trade regulations so you know ahead of time what fees and taxes you should expect to pay.
Why is Czech Republic cheap
The Czech Republic is a cheap country to visit or live in because of its low wages and taxes, low cost of living, and low inflation and exchange rate.Czech Republic imports mainly machinery and transportation equipment, raw materials, fuels and chemicals. Its major import partners are European Union countries, China, Russia and Japan.Traditionally, the country exports energy-intensive products and imports high-technology items. Norway is among the top 20 exporters of oil and the second-largest natural gas and seafood exporter in the world.
The People’s Republic of China
The People's Republic of China is the largest exporter of goods in the world, with a total export value for 2022 of $3.71 trillion.
What are the top 3 imports : What Are the Major U.S. Imports
- Machinery (including computers and hardware) – $386.4 billion.
- Electrical machinery – $367.1 billion.
- Vehicles and automobiles – $306.7 billion.
- Minerals, fuels, and oil – $241.4 billion.
- Pharmaceuticals – $116.3 billion.
- Medical equipment and supplies – $93.4 billion.
What does EU import : According to data, the top five products imported into the EU as of 2022 are as follows: Mineral fuels, oils and distillation products (27%) Electrical and electronic equipment (13%)
What are the top 20 import countries in the world
Imports
| Rank | Country | |
|---|---|---|
| 1 | United States | $3,970,000,000,000 |
| 2 | China | $3,139,000,000,000 |
| 3 | Germany | $1,973,000,000,000 |
| 4 | United Kingdom | $1,112,000,000,000 |
Slovakia Imports – data, historical chart, forecasts and calendar of releases – was last updated on May of 2024. The biggest share of Slovakian imports are machinery and transport equipment, intermediate manufactured goods, fuels and chemicals.Yearly Trade
The most recent exports are led by Cars ($25.5B), Broadcasting Equipment ($14.1B), Motor vehicles; parts and accessories (8701 to 8705) ($14B), Computers ($10.9B), and Office Machine Parts ($5.4B).
Does China have high import tax : All goods imported into China are subject to the nation's value-added tax (VAT) of either 13 percent or 17 percent. The 13 percent tax is available for certain goods that fall mainly within the categories of agricultural and utility items, while the 17 percent tax applies to other goods subject to the VAT tax.