Import Monitoring Tool Now Available on ITC Website
The International Trade Commission has launched a new Import Monitoring Tool, a web-based interface designed to allow users to assess whether import volumes and values have changed over a period of time. This tool uses public monthly U.S. import data retrieved from the Department of Commerce and displays results by Harmonized Tariff Schedule tariff line. The ITC intends to update data as soon as possible after each calendar quarter.
When initially entering the tool, users will see U.S. imports by tariff line ranked in descending order based on the largest absolute change during the latest two quarters. Users will then be able to adjust the ranking criteria to a percentage change basis; isolate a group of tariff lines from a specific HTS chapter, heading, or subheading; isolate the changes for a specific import partner; and view the corresponding change in the quantity of imports. Users can query the system for data by HTS tariff line and can see country or quantity detail for these lines. Import data for the eight latest quarters are available through the system.
The ITC states that this tool is separate from the DataWeb system for accessing trade data but represents a first step in planned improvements to make that system more accessible and easier to use.